The U.S. Bureau of Labor Statistics released new Producer Price Index (PPI) data on Wednesday, and it looks like the rate of increase in price inflation is slowing. Nonetheless, year-over-year price inflation in December remained near 40-year highs, and shows the...
Consider filet mignon and chuck steak. Assume-realistically-that consumers prefer the former. Then the question becomes: why is it, despite consumer preferences, that chuck steak sells at all? The fact is that chuck steak outsells filet mignon. How does something less...
Depending on which source you look at, there are hundreds of thousands of churches in world. Almost all Churches contain the two things Democrats constantly tell us are impossible if education were voluntarily funded instead of funded coercively via taxation. ...
Will wage transparency reduce or eliminate the pay gap between men and women? Yes and no. Let’s take the no side first. Wage transparency will not reduce or eliminate this pay gap because it emanates from real differences in productivity (actually discounted marginal...
https://youtu.be/KvPKGOTz4mw There exist two blatant contradictions which roughly ninety-nine percent of intellectuals, journalists, and voters erroneously believe. On the one hand, they say that the free market must be regulated in order to prevent monopolies. It is...
A "property right" entitles one party to exclude another from interacting with a scarce part of the universe - i.e. to have a property right in my car entitles me to exclude others from driving it to Dallas when I wish to drive it to Phoenix. There is no...
...Sam Walton, the founder of Walmart, became one of the wealthiest men in the world by figuring out how to cut the price of just about everything to the benefit of everyone, but especially of lower-income consumers. That’s one of the other virtues of the free market:...
Treasury Secretary Janet Yellen said Washington would be happy to see New Delhi continue to buy oil from Moscow at a price above a G7-imposed price ceiling set to take effect next month. The announcement came after India declared it would buy oil from Russia and ignore the price cap.
The Federal Reserve's Federal Open Market Committee (FOMC) raised the target federal funds rate 75 basis points on Wednesday, marking the fourth 75-basis-point hike in a row since June. The federal funds rate is now the highest it's been since December of 2007 when...
A Pentagon official told reporters on Monday that US military personnel have recently begun onsite inspections of US-provided weapons inside Ukraine, confirming a small US military presence on the ground.
I asked a self-described "Marxist-Leninist" why do people risk life and limb to escape mostly socialist Cuba to the much more free market United States? And why is South Korea wealthier than North Korea? He had a one word answer: Sanctions. Sanctions are when...
“President” Joe Biden described the U.S. economy as, “Strong as hell,” in a recent sound bite. No one except his most ardent supporters, a vanishingly small number in reality, believes that. He and they point to statistics, “internals” in Biden-speaks, that point to...
So often Democratic Socialists will claim that private companies are bad because they care not about others but only for their own personal benefit. Want money voluntarily? That's greed! Taking money via taxation with the threat of jailing peaceful people,...
Since episode 234 was the last episode of Liberty Weekly. I thought it'd be fitting to sit down and work through exactly what that means. When I started the project in June 2016, I had no idea how long it would last or what it would turn into. The best thing about the...
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