Those who voted for the omnibus to avoid a shutdown fail to grasp that the consequences of blindly expanding government are far worse than the consequences of a temporary government shutdown, writes Ron Paul.
This audio Mises Daily is narrated by Dianna Keiler.
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2024-01-23
Last month, Democratic Congresswomen Rashida Tlaib and Alexandria Ocasio-Cortez proposed a bill that would allow the incorporation of financial institutions controlled by states and municipalities. These banks would be not-for-profit, tightly regulated, and given special government subsidies. The Congresswomen claim that public banks are necessary because the private sector has been “rigged” against “those grappling with the costs of simply trying to participate” in the economy. “The Public Banking Act ends the era of privileging unaccountable private banks over the public interest,” said Michael Brennan, a progressive lobbyist.
Calling private banks “unaccountable” is more than a bit disingenuous. Financial institutions are among
the most heavily regulated businesses in the country. Not
2024-01-21
Spreading civilization and human rights has long been used as an excuse for state-building through colonialism and imperialism. This idea dates back at least to early Spanish and colonial efforts in the New World, and the rationale was initially employed as just one of many. The importance of the conquest-spreads-civilization claim increased, however, as liberalism gained ground in Europe in the nineteenth century. Liberals were more skeptical of the benefits of imperialism, so, as political scientist Lea Ypi notes: "During the late nineteenth century and early twentieth century, the purpose of colonial rule was declared to be the ‘civilizing mission’ of the West to educate barbarian peoples ." The residents of these colonies were deemed to be "unsuited to setting up or administering a
2023-10-28
Ibram X. Kendi, the controversial author of How to Be an Antiracist, has been revealed as not only a hustler of horrid ideas but also a poor businessman. Kendi was appointed the head and founder of Boston University’s Center for Antiracist Research in 2020 following the aptly named “summer of love,” which saw riots in most major cities over calls for “racial justice.”
Now, Boston University is committing mass layoffs of employees, as the Center has lost the $43 million that was donated to it at its opening. There have also been several complaints about management practices. The Center is laying off much of its staff as it switches to a new model that it hopes will keep it alive. It is another profound case of fiat academia being inefficient and unproductive, as well as peddling half-baked
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