What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.
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World News
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In ending the gold standard, Nixon was guided by Milton Friedman, who wrongly believed that the Fed could end recessions and cope with inflation by controlling the quantity of money.
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The concrete effects of the destruction of money and property on human personality are demonstrated most vividly in the historical episode of the German hyperinflation of 1923.
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Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would have become world leaders long ago.
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Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by directing resources from less valued to more valued uses to satisfy consumer needs.
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World News
When Governments Want More Revenue, Police Gin Up the Cash by Writing Traffic Tickets
by adminMany police traffic stops are not about safety or protecting the public. They are about siphoning cash from motorists to state and local governments. -
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Washington Post conservative George Will trots out every tired slogan and bromide in the book to claim that Putin is Hitler and the Ukraine war is a fight for civilization.