Legacies of Injustice and Racial Inequality

2023-12-15

Diary of a Psychosis: How Public Health Disgraced Itself During Covid Mania. By Thomas E. Woods, Jr. Libertarian Institute, 2023.
In the Foreword to this outstanding book, the eminent Stanford University physician Dr. Jay Bhattacharya makes an arresting claim. He says that people often make mistakes in recollecting the past because they confuse having intended to do something with actually having done it. That confusion is more likely to occur under emotional stress, and what could be more stressful than the Covid nightmare that lasted the better part of four years? In these circumstances, it is especially valuable to have a contemporaneous record of what has happened, so that past events can be accurately reconstructed.
There is no one better able to provide such a record than Tom Woods,

2023-12-13

With a large regional market and youthful population, Africa should be on the cusp of greatness. Yet instead, it remains the poorest continent on earth. Analysts are conceding that Africa’s outlook is gloomy because the region is on track to miss poverty reduction goals. Successive African administrations have consulted multiple strategies to tackle the scourge of poverty with varying degrees of success; however, the plague of poverty has been persistent.
Combatting poverty in Africa is indeed a daunting task since some countries have yet to overcome geographical and environmental limitations. For example, the ravaging effects of the tsetse fly on the food market amount to an annual loss of $5 billion. Achieving developmental targets becomes even more elusive when corruption is added to

2023-12-11

The apartment investment industry has experienced severe malinvestment over the last several years, resulting in a massive bubble that has only recently begun to deflate with rising interest rates. A tidal wave of easy money—enabled by the Federal Reserve and four consecutive United States administrations, from George W. Bush to Joe Biden—drastically lowered the barriers to entry. As a result, even those with no investment acumen have raised and used other people’s money for complex, high-risk projects like buying, developing, and managing apartment buildings. Bridge loans, a natural outgrowth of enormous amounts of liquidity searching for yield in an environment with a zero-interest rate policy, have facilitated this process. The results should not be surprising, and to some they aren’t.