Sanders’ policies would explode the amount of corruption in this country, no matter how many new rules he tries to impose. If there’s one thing that should be clear to clean government zealots, it’s that the bigger the government, the greater the corruption.
What MMT, the Green New Deal, QE, NIRP, and Helicopter Money have in common is that they are all collectivistic by definition, aimed against the individual and based on the crazy findings of the “Economic School of Zimbabwe” – where everyone became a trillionaire.
Investors, always looking into the future, had to price in the possibility of major change in Washington; major change that would have a global impact. This perhaps explains a global rout for shares. Sanders was a big surprise that investors had to price.
There’s no reason to believe that a student with an economics degree is going to graduate with a deep understanding of how government intervention distorts markets or impoverishes consumers.
Because they act as a favor to entrenched industry insiders, Competitor’s Veto laws violate the Constitution’s promise of economic liberty, that is, the right to earn a living free of irrational government interference.
Our material prosperity, although historically unprecedented, is now so commonplace that, for us Americans in 2020, this prosperity appears to be the natural state of the world. It appears simply to exist, like rainfall happens in the tropics.
Once discarded, they take up little room in landfills. They don’t release greenhouse gases like decomposing paper and cotton bags. The plastic bags’ tiny quantity of carbon goes back underground, where it can be safely sequestered from the atmosphere and ocean.
Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything.
The problem is that “Bad is stronger” than good, so they’re trying to arm the reader with ways to counter what pushes around good. They aim to help the reader “deploy the rational brain to keep bad at bay in both private and public life,” and to even “learn how to stop fights before they can begin.”
Among the many important implications of Say’s Law is that prosperity and economic expansions are supply-side phenomena, a consequence of entrepreneurs, the profit motive, saving, investment and capital accumulation.
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