The US government says that there are no limits on its ability to militarily dominate every corner of the globe. Ryan, Zach, and Tho talk about why that’s a lot more expensive than the regime admits.
Category: Economics
The Regime’s War on Cash Could Destroy the Economy
Progressive and even many mainstream economists believe that cash is a relic from the past and should be replaced with digital money. There are many good reasons why not to follow this course, and no good reasons to replace cash.
Education: Labeling vs. Tailoring | Mises Institute
Despite opposition from government at every turn, homeschooling has developed into an industry with astounding resources and high-quality results. Contrast the individual educational tailoring of homeschooling versus the government’s version of individual care: the IEP label.
The Mises-Hoiles Correspondence: What Might Have Been
From 1949 to 1962, American libertarian R.C. Hoiles and Ludwig von Mises corresponded many times, discussing issues relating to state power. While the correspondence at times was acrimonious, nonetheless, it offered valuable insight into the issues we still face.
Praxeology and Robert Malone’s “Surveillance Capitalism”
How do we guard against misinformation when business firms join with government to promote things that simply are false? As Murray Rothbard noted, people still have reason and the free will to make decisions for themselves.
Free Speech and Legislative Bans on DEI
The TSA’s record for incompetence is astounding, even for a government agency. Any complaints, as this article shows, will be seen as subversion.
Venezuela’s Plight By The Numbers…
Venezuela’s Plight By The Numbers…
Tensions remain high in Venezuela following a disputed presidential election on July 28.
According to Human Rights Watch, at least 24 people have been killed, including protesters and bystanders, as well as a member of the Bolivarian National Guard. The post-election turmoil hits hard in a country already suffering from a weak economy.
In recent years, Venezuela has faced runaway inflation, political upheavals and falling oil prices, creating an extremely difficult environment for businesses and workers. The Venezuelan economy has suffered a prolonged collapse, with triple-digit inflation and massive migration in search of better prospects.
“Venezuela has experienced a recession unprecedented for a Latin American country or globally for a country without war. The economic contraction between 2014 and 2021 exceeded 70 percent and reached its lowest point,” says Asdrúbal Oliveros, director of the consulting firm Ecoanalítica, in an interview with CNN.
The country has emerged from the hyperinflation period it experienced between 2018 and the end of 2019; however, as Statistas Anna Fleck shows in the chart below, it is still premature to consider it restored from the losses accumulated in the last decade.
You will find more infographics at Statista
Gross Domestic Product (GDP) at current prices is slowly recovering, with an estimated value of US$102.3 billion in 2024, but remains a fraction of pre-crisis levels.
The national public debt has risen to US$4.2 trillion in 2023, further exacerbating the economic situation. Although the unemployment rate is relatively low at 5.5 percent, this figure does not fully reflect the underemployment and informal work faced by many Venezuelans.
While Venezuelan inflation is no longer the highest in Latin America, with Argentina exceeding 200 percent, it remained above 50 percent in June 2024. This economic instability continues to affect Venezuelans’ standard of living. The minimum wage has remained frozen at 130 bolivars since March 2022, but its value has been devalued to approximately $3.50. However, in May 2024, President Nicolás Maduro announced an increase in state bonuses for the public sector, which include the minimum wage, a $40 food bonus and an “Economic War Bonus” that will increase from $60 to $90.
The deterioration of finances in recent years is evident too in everyday life, with over 80 percent of the population living in poverty and 53 percent facing extreme poverty.
Tyler Durden
Thu, 09/12/2024 – 04:15
“Paper or Plastic?” How One Market Intervention Requires Another to “Correct” the Original One
California’s 2014 ban on “single-use” plastic bags was supposed to lead to less waste of plastic, which hasn’t happened. Now environmentalists are demanding the state ban the same plastic bags mandated by the original legislation. One intervention begets another and another.
White House’s John Kirby Trashes Veterans on 9/11 in Email Accidentally Sent to Fox News
White House national security spokesman John Kirby trashed a group of veterans in an email sent in error to Fox News on the anniversary of the September 11, 2001 terror attacks.
The post White House’s John Kirby Trashes Veterans on 9/11 in Email Accidentally Sent to Fox News appeared first on Breitbart.
Carney on ‘Kudlow’: Harris Claim of a Manufacturing Boom Is Absolutely Untrue
On Wednesday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart News economics editor John Carney said that 2024 Democratic presidential candidate Vice President Kamala Harris is wrong when she says there’s been a manufacturing boom while she’s been in office and
The post Carney on ‘Kudlow’: Harris Claim of a Manufacturing Boom Is Absolutely Untrue appeared first on Breitbart.