Default by Inflation Is the Real Drama in the Global Debt Market
While the faux debt ceiling drama rages in Washington, DC, governments worldwide are defaulting on their debt via inflation.
While the faux debt ceiling drama rages in Washington, DC, governments worldwide are defaulting on their debt via inflation.
South Africa is suffering from rolling blackouts and other power outages. These could be avoided if the government would permit competition in electricity markets.
The latest round of wildfires in Canada has brought out the usual statist demands that we ban fossil fuels, but in the real world fossil fuels protect people from climate-related disasters.
New York Times columnist David French likes to think of himself as an honest broker. In reality, his "Never Trump" mentality leads him to overlook government lawbreaking.
While rain at an outdoor concert is a nuisance for most attendees, a few entrepreneurs saw not "pennies from heaven," but dollars.
Crime is increasing in American cities, but don't count on police to protect you. The Defund the Police movement has less to do with that than most people think.
Modern mainstream neoclassical economics is constructed on utilitarianism. Murray Rothbard challenged that worldview on many fronts.
Einstein might have been one of history's most brilliant men, but even his great mind could not have made socialism work. Unfortunately, he wasn't smart enough to see that.
What many people call government generosity Leonard Read called avarice.
In their desire to make economic theory emulate physical sciences, economist create models that do not reflect genuine human action.