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Washington is pursuing industrial policy again, this time being an attempt to form a minerals consortium with other countries to secure minerals vital to US manufacturing. No doubt, this initiative will end up on the ash heap of bad policy.
We know that Q-Day is coming upon us when AI moves to another level and humans must make the adjustments. State-sponsored solutions will fail, and the only way forward is the free market.
Ryan McMaken takes a look at Rothbard's seminal 1963 essay "War, Peace, and the State."
The US fiat monetary regime not only has given us inflation and boom-and-bust cycles, but it also is the main contributor to the out-of-control government spending and debt accumulation.
The standard line among most economists is that deflation is as bad or even worse than inflation. In reality, the economy needs deflation now more than ever.
Ryan McMaken looks at the latest jobs numbers form the federal government and why so many workers and families appear to think the economy is in trouble.
Overall, 64 percent of respondents sad that Trump’s decision to go to war with Iran was the wrong decision.
Systems do not collapse when they finally become unstable; they appear stable until the moment their failure can no longer be ignored.
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