The Real Meaning of Inflation
The philosopher Ayn Rand once explained that the purpose of a definition is to distinguish a concept from all other concepts by identifying its most fundamental characteristic. That’s what makes the concept unique.
The philosopher Ayn Rand once explained that the purpose of a definition is to distinguish a concept from all other concepts by identifying its most fundamental characteristic. That’s what makes the concept unique.
To anyone who understands the role of the productivity of labor in raising real wages, it should be obvious that the unions’ policy of combating the rise in the productivity of labor renders them in fact a leading enemy of the rise in real wages.
The AAP, originally created a century ago to advocate for pediatricians and their patients, has devolved into an advertiser and lobbyist for the corporate interests that fund their operations. So much for “dedicated to the health of all children.”
How we find ourselves again in the awkward position of having trusted the experts and discovering that this was not a good idea.
Let’s celebrate the important value of work on Labor Day—and demand that our governments stop killing jobs through their taxes, climate action plans and regulations and let people invest, trade, and work freely.
On Labor Day, let us honor the true root of production and wealth: the human mind.
For its own self-interest, the US must address Indian complaints about demanding fealty to American sensitivity while ignoring key Indian concerns.
The demise of the Communist Party and the Soviet system was one of the momentous events in modern history.
All eyes on Jackson Hole this week as the Fed tackles inflation.