Bidenomics Is Yet Another Version of Failed Industrial Policy
President Biden announced recently to much fanfare that his administration will transform the US economy through central planning. This does not end well.
President Biden announced recently to much fanfare that his administration will transform the US economy through central planning. This does not end well.
Modern American media has become so politicized that a once-venerable institution now cannot be trusted.
Some residents of St. Louis, fed up with the nonprotection from the city's police, have hired private security to deal with the problem. The egalitarian Left, of course, doesn't like that.
According to progressive elites, it is terrorism if consumers boycott businesses because of their leftist policies.
Progressives have distinguished themselves in the past half century by being against progress. That trend is unlikely to change.
The seventy-fifth-anniversary celebration of the British National Health Service masked the real failures of this system, one that only can become worse over time.
Murray Rothbard wrote that egalitarianism was a war against nature. Statism has become a war against reality.
The activists went from "We want to be left alone to live our lives" to "we want to control your lives too." Now the movement has state power on its side and bullies all opponents.
Modern socialism is as disastrous as the older state-planning model.
In 1944, F.A. Hayek's best-selling book, The Road to Serfdom, warned the West that the "free" nations would lose their freedom as government expanded. He was right.