Nein, Mr. Gujer, Germany Should Not Raise its Debt Limit
If the debt limit is not raised, then there is at least a small chance that a few of them will be held accountable at the polls.
If the debt limit is not raised, then there is at least a small chance that a few of them will be held accountable at the polls.
Most economic analysts predict that the US is about to enter into a cyclical recession. Even Austrian School economists (like me) agree.
There are two ways in which people in a community can coexist. One is by peaceful cooperation, and the other is by taking what others have produced.
It is a benefit of sound economic theory that it proves very useful in the refutation of popular fallacies and misconceptions about the workings of the market economy.
Congress recently passed a “continuing resolution” to avoid a government shutdown. We are good to go now.
Another national election has come and gone, and like many of our readers, I think the less awful candidate won. After all, a victory for Kamala Harris was likely to be interpreted as an endorsement of the status quo and a “mandate” for more of the same.
The watchword among progressives this election season is: “Nothing less than our democracy is at stake.” In truth, democracy itself is not in danger, but one can accurately say that “democracy,” as practiced in the US, endangers our lives.
The Washington political establishment is alarmed that President-elect Trump wants to appoint Kash Patel as FBI director, claiming that Trump's choice will “politicize” the FBI. However, the FBI has always acted as secret police for the established political class.
Using state power to enforce social orthodoxy is always a recipe for disaster. Radical Republican governments in the post-war South attempted to do just that, sowing seeds of hatred and discord in the process.
Contrary to anti-freedom myths, "greedy" business owners don't decide what prices will be for goods and services.