Is government intervention good or bad? The Nordic nations appear to have taken a middle path. Here’s how their style of capitalism works.
There was a time, believe it or not, when economists wouldn’t presume to tell us what interest rates should be. They were ‘moral philosophers’ who merely observed and tried to understand.
History repeats itself in New Zealand from looking back at 1984. And when you’re falling backwards into the mire, someone should call it out.
If Mr Trump is right, Americans no longer want free trade; they want protection from it. And if the Democrats are right, they want protection from free enterprise, too.
Both outright socialists and capitalist reformers have more or less the same goal — to bang, bend, and bamboozle the world into a shape that is more pleasing to them.
Some say capitalism has failed America. More likely, America has failed capitalism. Capitalism needs capital. Real money, in other words. The feds gave it fake money.
In a free (capitalist) system, some people will always work harder, get luckier, invest their time and money more wisely, and get richer.
Proponents typically look to Europe for guidance. They see Denmark, Sweden, and Norway and believe ‘soft socialism’ isn’t so bad.
Already, America’s medical system — 17% of the economy — is largely socialised. So is the education system — another 7.3%. And don’t forget Social Security.
Whenever you see the ‘we should do this’ or ‘we should do that’ in the public media, it is always followed by something that is idiotic or immoral.
A big, new danger appeared in Congress this month: Alexandria Ocasio-Cortez, the newest representative of New York’s 14th district.
During the height of the Cold War, Berlin was ground zero in the struggle against communism. Have we learned the hard lessons since then?
If you haven’t noticed, Venezuela is in the middle of one of the most psychotic economic breakdowns in history. People are starving. There’s no power or fresh water. Inflation is nearing a million percent.
The modern villain isn’t the bayonet-clad commie; it’s the rich fat cat on Wall Street. It’s old money. It’s the one percent.