The agriculture industry is largely running as a planned economy. When the power to make decisions is delegated to bureaucrats rather than to those impacted, mismanagement is a given.
While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.
People often react to sudden price changes by demanding that government "do something" to bring prices down. It is important to understand the mentality behind such beliefs.
Gun control advocates are using lawsuits to try to destroy private gun manufacturers. Despite legal protections for the gun industry, this strategy may well succeed.
The likely election of Ferdinand Marcos Jr. as the next president of the Philippines might create nostalgia for the martial law his father declared as president. Martial law, however, holds no promise for a thriving economy.
With the approval of Biden's infrastructure bill, it now turns out the US government is even in control of a "kill switch" that could disable your car if you are deemed "impaired."
In a remarkable pivot, the White House now says, “We’ve not been pro-lockdown—most of the lockdowns actually happened under the previous President.”
In 2020, Prime Minister Trudeau expressed alarm that the Trump administration might put down violent protests in US cities. In 2022, he decides a heavy-handed response to peaceful protests is justified.
Massive "fiscal stimulus" programs by European governments failed to reduce unemployment. The latest buzzword from the Continent is the "entrepreneurial state," based upon the delusion that government spending and regulation are responsible for wealth creation by private entrepreneurs.
With the approval of Biden's infrastructure bill, it now turns out the US government is even in control of a "kill switch" that could disable your car if you are deemed "impaired."
