On November 21, European Central Bank President Mario Draghi announced that the ECB would be pumping more money into the euro bloc to fight what he called “excessively low” inflation.
Violence. Rioting. Looting. Economic collapse and civil unrest. This isn’t a dystopian movie plot, but something else according to an economist with a good track record for prognostication: America’s dark future.
“Don’t let anyone tell that, ah, you know, it’s corporations and businesses that create jobs,” Hillary Clinton proclaimed to loud applause at a political rally in Boston on October 24.
“You know that old theory — trickle-down economics,” she continued. “That has been tried. That has failed. It has failed rather spectacularly.”
The Congressional Budget Office offered no solutions as to how to pay off the burgeoning national debt; it just reports the facts.
There are many lessons to be learned in the International Monetary Fund report claiming China's economy has surpassed that of the United States. First, not every number is to be believed. Second, not all numbers were considered.
So-called “Certificate Of Need” laws in the healthcare sector prevent new competitors from entering the market and reward the current dominant players. It is a corrupt cartel system that prevents innovation and competition, denies consumers choices in healthcare, and guarantees ever-rising prices.
These two authors of the recent article on the economy in Foreign Affairs magazine suffer from a complete disconnect from the real world.