When asked about future risk, Powell said he did not “feel that the probability of recession is at all elevated.”
Social media giants enjoy a cocktail of government contracts, government favoritism, and government-granted monopoly power. As a result, it will be difficult for new startups to offer much competition.
Media and CultureWorld History
People are not economic automatons who necessarily arrange their families in ways that advertisers and employers want them to.
Big GovernmentThe EnvironmentGlobal Economy
The Eurozone's massive "green" policy plan has the EU facing high unemployment, stagnating growth, and energy bills of twice as much as seen in the US.
Brian Maher of the Daily Reckoning quotes Murray Rothbard and me in his incisive critique of Modern Monetary Theory (MMT), which has lately been embraced by proponents of the "Green New Deal."
EducationFree MarketsMedia and Culture
Even in the heyday of liberalism only a few people had a full grasp of the functioning of the market economy.
While everyone was talking about the 2018-2019 United States government shutdown, the House began pushing a new bill on universal background checks for gun ownership.
The authors of this plan apparently believe that all it will take is for the government to direct massive amounts of money toward these new projects, and everything else will fall into line