What brought thousands of people together to create something as simple as a pencil? Some may be familiar with the late economist Milton Friedman’s popular analogy of how a mere pencil represents the effectiveness of a free market. No single human could create something as simple as a pencil. The phone or computer you are […]
Success is a punishable offense in Biden’s America. Joe Biden and his administration would like to implement a 44.6% tax on capital gains, the highest tax on capital gains in the nation’s history. Washinton says this tax is necessary to address the looming national debt, but they are simultaneously implementing measures to ensure that the […]
https://www.armstrongeconomics.com/wp-content/uploads/2019/01/Thatcher-on-Taxes-Duty-of-Government.mp4 Fed Chairman Jerome Powell essentially said he was unimpressed by the “strong” jobs report, and it certainly was not enough for the central bank to even consider dropping rates. I wrote how the BLS report was skewed; Americans are working more than one job and still struggling to keep up with the cost of […]
It took President Javier Milei of Argentina a mere two months to push his nation into a surplus. The Economy Ministry declared that the government posted a $589 million surplus, the first surplus in recent memory. Western media has been silent about Milei’s victory as his policies are pushing the nation back on the path […]
President Javier Milei has done an excellent job of restoring Argentina by removing useless government agencies that produce nothing. Milei, who has called the government “a criminal organization,” recently laid off an additional 24,000 public sector workers. There were 341,477 people in the public sector on government payroll when Milei took office, and his aim […]
The backlog at the US-Mexico border has surpassed 3 million. US Border Patrol processed over 225,000 migrants in the first 27 days of December. This does not include the thousands who bypassed the ports of entry, which in and of themselves is a complete joke as no one is required to prove their identity. American […]
Argentina’s new President, Javier Milei, is making headlines around the world for vowing to radically change Argentina’s failing political system. Milei campaigned on implementing a “chainsaw plan” that would swiftly cut useless bureaus that drain government resources with no or minimal benefit to the public. Milei stuck to his campaign promises and slashed the number […]
There is a rumor going around that people under socialism faced such severe food shortages that they were forced to break into zoos and eat the animals. Unfortunately, this is a fact. Reports were circulating in Venezuela of people consuming zoo animals around 2016 and 2017. The animals that remained in these zoos starved to […]
Politicians will always vote in favor of their self-interests. The invisible hand is fully visible here. The Supreme Court reminded Biden that he could not bribe voters with taxpayers’ funds to cancel student debt. The enormously unpopular president needs all the bargaining chips he can get and continues fighting for student loan forgiveness. Democrats in […]
Inflation has hurt everyone. It is no surprise that a recent poll by Rasmussen Reports indicates that US voters are now prioritizing economic growth of equality. The latest survey found that 64% of voters favor policies that contribute to economic growth, while only 27% said they prioritized economic fairness. In 2019, before the last election, […]
