President Biden says he is going to unleash regulators to bring more "competition" to the economy. This is an oxymoron.
Original Article: "Government Imposed "Competition" Harms Competition"
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Housing Prices Are Falling As Reality Sinks In
2023-06-28
The local paper’s headline posed the question, “Do renters have the upper hand in Las Vegas right now?” “[The apartment project] offered us two weeks of no rent to get us moved in on the timeline we wanted,” said a renter who was also given passes to the Life Is Beautiful music festival as part of the deal. “They also throw resident events every month providing food and entertainment,” she added.
Las Vegas Review-Journal business reporter Patrick Blennerhassett reports deals like this are not uncommon. Websites for Las Vegas apartment projects indicate apartment owners “are doling out a multitude of perks.” Besides the perks, rents decreased 2.2 percent in this year’s first quarter.
“Rents are definitely falling,” said Shawn McCoy, director of the Lied Center for Real Estate and an
The Money Supply Keeps Falling After Its Biggest Drop Since the Great Depression
2023-06-24
Money supply growth fell again in April, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. April’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.
Since April 2021, money supply growth has slowed quickly, and since November, we’ve been seeing the money supply repeatedly contract—year-over-year— for six months in a row. The last time the year-over-year (YOY) change in the money supply slipped into negative territory was in November 1994. At that time, negative growth continued for fifteen months, finally turning positive again in January 1996.
During April 2023, the downturn accelerated even more as YOY growth in the money supply was at
Is It Real Money or Just Artifice?
2023-03-29
In his 1884 article “Mind as a Social Factor,” Lester F. Ward attacked the laissez-faire doctrine in an “inversion of values” that would have made Friedrich Nietzsche blush. “But how shall we distinguish,” Ward asked,
this human, or anthropic, method from the method of nature? Simply by reversing all the definitions. Art is the antithesis of nature. If we call one the natural method we must call the other the artificial method. If nature’s process is rightly named natural selection, man’s process is artificial selection. . . .
The fallacy [in the laissez-faire doctrine] is a non sequitur. . . . [E]very mechanical invention proves that nothing is easier than to interfere successfully with the operation of . . . uniform natural forces. They have only to be first thoroughly understood and
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