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Our media, higher education, and, of course, governments tell us that our social and economic problems are due to capitalism. Yet, what we see are governments bringing us inflation, chaos, and the horror of war. It's time we abandon the fiction that governments "serve the people."
Original article: https://mises.org/mises-wire/free-market-would-preclude-todays-headlines
Tim Harford looks at some of the numbers in the news and in life. This week:
Is church-going making a comeback in the UK?
Is it true that every day, 1000 people begin claiming personal independence payments, or PIP?
When the government talks about how it “returns” illegal immigrants, what does it mean?
Can a new telescope really see golf balls on the moon?
If you’ve seen a number you think looks suspicious, email the More or Less team: moreorless@bbc.co.uk
More or Less is produced in partnership with the Open University.
Presenter: Tim Harford Producers: Lizzy McNeill, Nicholas Barrett, David Verry Series producer: Tom Colls Production co-ordinator: Brenda Brown Sound mix: Gareth Jones Editor: Richard Vadon
The fact remains that the strategic value of nuclear arms lies almost totally on the side of defense.
Original article: https://mises.org/mises-wire/economics-nuclear-weapons
To better understand history, we must understand how people thought and acted in the context of their times and the prevailing worldviews of that era. Unfortunately, modern historians insist on looking at US History from modern collectivists viewpoints.
Original article: https://mises.org/mises-wire/methodological-individualism-historical-analysis
Socialist mayoral candidate Zohran Mamdani has emerged as a serious challenger to Andrew Cuomo in the race for mayor of New York City. If Mamdani wins, he promises to vastly expand government control of housing and businesses there.
Original article: https://mises.org/mises-wire/will-new-york-city-become-new-socialist-paradise
His policies took more than a million people off the income tax rolls, and 98 percent of Americans paid no income tax at the end of his term. As a result, America prospered under Coolidge. Real economic growth averaged 7 percent per year while he was in office.
Original article: https://mises.org/mises-wire/silent-cal-had-lot-say
In a free society, legitimate economic success does not fall from the sky or come by force. Behind every fortune lies effort, risk, savings, time, discovery, validation, and social coordination.
Original article: https://mises.org/power-market/critics-capitalism-misunderstand-economic-success