In 2023, despite skyrocketing inflation and debt, as well as rising sociopolitical divisions, leadership among both Republicans and Democrats will always agree that substantially more US taxpayer money, never less, should be poured into the military-industrial complex, according to an analysis by journalist Judd Legum.
A bipartisan group of senators sent a letter to the Defense Department on Wednesday calling for an investigation into major American arms dealers accused of systemic “price gouging,” according to the Hill.
American military-industrial complex firms are guilty of “price gouging,” former Pentagon insiders told Newsweek. These accusations come amidst Washington’s exponentially rising demand for weapons systems to both bolster Taiwan – in an effort to destabilize China – and support NATO’s proxy Kiev during its war with Russia.
[This article originally appeared on the American Institute for Economic Research website on September 12, 2017.] Critics of the free economy often complain that the market fails to “behave” as economic theory predicts. Hence the voluminous literature on “market...
Laws against so-called price gouging -- that is, price spikes during emergencies -- violate our natural right to engage in voluntary exchange at mutually acceptable terms. As economics has long taught, price ceilings that defy market forces make the affected goods...
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