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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization
In today’s media, we are constantly being told of “new and improved” impositions that are needed to replace the “old hat” ideas of freedom and open competition. But the visions held by these proponents could hardly be further from reality. Leonard Read wrote of this decades ago, in “Freedom: A New Vision,” Chapter 2 of his 1975 Castles in the Air. While the trend was not as pronounced then as it has become, Read’s vision is still worth serious reflection today, as it is much clearer and far more promising than authoritarianism disguised as utopianism. Leonard Read reminds us of how large the chasm is between utopian promises authoritarians offer and what they actually have the wisdom to provide.
When the COVID-19 outbreak began and governments started imposing economic lockdowns, most parts of the country experienced huge upticks in unemployment. But how have different cities fared in the year since? A new report from WalletHub offers some insight. There are two significant patterns here.
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from Mises Institute
RIGHT-CENTER BIAS, MIXED
The Global Minimum Corporate Tax Exposes the G-7's Hypocrisy
Austrian school economists have long demonstrated that monopolies only tend to form as a result of government intervention, and “natural monopolies” have virtually never actually existed. Nonetheless, we are continually told by political and academic “experts” that unregulated economies inevitably give rise to monopolies, business trusts, and cartels, all of which they assure us have disastrous consequences for ordinary people. Therefore, we are told, governments are justified in taking forceful action to prevent monopolies from developing or to break them apart. ... The G-7's quest for a global minimum corporate tax has highlighted just how much the global elites can't stand what they see as private "monopolies," but also want more monopoly power for themselves.
With Home Prices Soaring, Shoppers Fear Buying at the Top of a Bubble
RIGHT-CENTER BIAS, MIXED
The Global Minimum Corporate Tax Exposes the G-7's Hypocrisy
Austrian school economists have long demonstrated that monopolies only tend to form as a result of government intervention, and “natural monopolies” have virtually never actually existed. Nonetheless, we are continually told by political and academic “experts” that unregulated economies inevitably give rise to monopolies, business trusts, and cartels, all of which they assure us have disastrous consequences for ordinary people. Therefore, we are told, governments are justified in taking forceful action to prevent monopolies from developing or to break them apart. ... The G-7's quest for a global minimum corporate tax has highlighted just how much the global elites can't stand what they see as private "monopolies," but also want more monopoly power for themselves.
With Home Prices Soaring, Shoppers Fear Buying at the Top of a Bubble
Google reported in April that the search question “When is the housing market going to crash?” had spiked 2,450 percent in the past month, according to Diana Olick of CNBC. “Why is the market so hot?” searches had doubled in just a week. Since 2008, everyone has been on bubble watch. The price of anything goes up, for any sort of reason, and it’s deemed a bubble, soon to be popped. The large number of searches implies those shopping for a new home are wondering if they are walking into a trap. Home prices have soared and no one wants to buy at the top. ... The concerns about a bubble implies those shopping for a new home are wondering if they are walking into a trap. Home prices have soared and no one wants to buy at the top.
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from The Spokesman-Review
Newspaper in Spokane, Washington
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