There are many good recommendations promoted by Austrian school economists for improving the economy. Although we enjoy successes periodically, most–such as deregulating trucking and airline pricing–involve eliminating previous government interventions. These successes are to be [more…]
Government economic policy is completely backwards. We are told that massive deficit spending, interest rates driven to zero, and now higher taxes on the “rich” will bring the American economy out of the doldrums or [more…]
Here’s a challenge for readers: Stop reading right now and write down at least five threats to the US. Rank them in order of most serious at the top. Ask family members or friends to [more…]
Government officials at all levels–federal, state, and local–feel impelled to adopt some sort of pandemic policy, from outright lockdowns to mandates for wearing masks under certain circumstances. It all seems quite arbitrary, because it is! [more…]
The government’s and the mainstream media’s favorite economic statistic is Gross Domestic Product (GDP). If GDP goes up, then the economy is doing well. If GDP shrinks, then the economy is doing poorly, or so [more…]
My three grandchildren’s other set of grandparents live just off the seventeenth green of a golf course in California. This set of grandparents hosted a multi-generation family vacation at their home this summer. The California [more…]
One of President Biden’s first initiatives is a two trillion dollar proposal to rebuild America’s infrastructure. This plan is a typical Washington initiative in which lots of pet spending bills are piled on top of [more…]
We’ve all heard about the newest insult to our lives and our children. I refer, of course, to the growing adoption of “Critical Race Theory” as part of public school curriculum. Why should we be [more…]
A good definition of the Tragedy of the Commons is that “Resources that are un-owned and/or un-ownable will be plundered to extinction”. Consider the fishes of the seas, especially those that migrate such as whales [more…]
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