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If California voters and politicians do not understand the current crisis, we will see the continuous march to perdition as California politicians refuse to acknowledge that they are killing the geese laying the golden eggs.
Original article: https://mises.org/mises-wire/idiocracy-california-politics
In most nations of any size, sectionalism is almost inevitable. How nations handle such divisions, historian Frank L. Owsley, determines if sectionalism is peaceful or becomes violent. It became violent in the US in 1861.
Original article: https://mises.org/mises-wire/positive-view-sectional-history
Politicians are touting “affordability” to describe the current regime of rising prices. However, most lawmakers who claim they are trying to make things more affordable demand policies that make things more costly.
Original article: https://mises.org/mises-wire/why-affordability-wrong-term-describe-effects-inflation
A bad end is most likely though even in the best case scenario of AI increasing living standards. The build-up of asset inflation malinvestment and overleveraging will impose huge costs.
Original article: https://mises.org/mises-wire/not-so-new-dollar-strategy-monetize-productivity-advance
The layoffs at the Washington Post are the source of bitter media tears today, but the Post's staff did it to themselves, and we explain why—and why it's failed where the New York Times and the New York Post have both succeeded. Give a listen.
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Thanks to the Federal Reserve, the US government will always have enough printed money to fund its tyrannical schemes.
Original article: https://mises.org/mises-wire/have-fiat-money-will-tyrannize