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When bonds and stocks decline a lot and simultaneously it suggests inflation is rising rapidly even as the economy is stagnating or contracting (or will soon do so). For most economists today, that combination is near-impossible.
four ways in which the lives of those of us in the modern, capitalist world differ categorically from the lives of almost everyone until just a few centuries ago.
Is it true that ending fossil fuels will stop global warming?
If the federal government is going to take action regarding climate change, that action will have to come from Congress.
Contrary to the dominant narrative, abandoning fossil fuels would turn the global energy crisis into a true human catastrophe.
Eighty years ago, in the midst of the Second World War, Austrian-born economist Joseph A. Schumpeter published one of his most famous books, Capitalism, Socialism, and Democracy (1942). A central question that he asked and tried to answer was, “Can Capitalism Survive?”
Embrace the reality of a common humanity shared with all. We descend into primitive tribal thinking at our peril.
Chevron CEO Mike Wirth does not expect another oil refinery to be built in the United States ever again, due to federal government policies.
