The Economics of Arts and Culture
Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.
Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.
Conservative icon William F. Buckley wanted a "totalitarian bureaucracy within our shores" to combat the communist threat. Far too many modern Chinaphobes are embracing a similarly deranged policy.
The role of commercial banks in money creation is made more clear by the fact the Fed is primarily interested in creating demand deposits rather than cash. This creates a larger foundation on which commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
To prevent rail accidents like the one in East Palestine, dial back government regulation and allow the tort system to work.
Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.
Politicians tout "bipartisanship"—that often just means one's pocket will be picked even more cleanly.
Politicians tout "bipartisanship"—that often just means one's pocket will be picked even more cleanly.
The latest from the world of social media is the role of "influencers." There is a perfectly good economic explanation for their popularity.
When politicians speak of "freedom," they usually mean expropriating wealth from one person and giving it to another. That is not freedom at all. Perhaps a better word to use is "liberty."
It would be instructive to see how many banks would survive if the massive governmental props were finally taken away.