Politics

Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an economic and social problem, or is this yet one more false crisis ginned up by intellectual and governing elites?

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Michael Huemer takes on wokeness and other progressive shibboleths—and he wins with an easy takedown. David Gordon takes readers through Huemer‘s arguments and points out why they are successful.

Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an economic and social problem, or is this yet one more false crisis ginned up by intellectual and governing elites?

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Modern Monetary Theory is a perfect example of, “Do as I say, not as you do,” rather than, “Do as I say, not as I do.” MMT rightly points out some hypocrisy, but wants to replace it with more hypocrisy.

As the Trump administration makes real cuts to federal programs, suddenly the opponents of “waste, fraud, and abuse” are discovering that Trump and Elon Musk are serious about slashing spending. Not surprisingly, the Usual Suspects don’t like the cuts.

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Ryan McMaken and Economist Per Bylund discuss the nature of money in out paper-money world. Are Bitcoin and gold money? If not, how do they become money?

Hans Hoppe recently criticized Argentina’s President Javier Milei for not closing the country‘s inflationary central bank. In response, Milei claimed that doing so would result in hyperinflation. Given the central bank prints lots of pesos, shutting it obviously would decrease inflation.