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In the world of private enterprise, business owners pay attention to costs already incurred that cannot be recovered, also known as “sunk costs.” Government...
The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to...
Like presidents before him, Donald Trump is using the IRS as a weapon against organizations he doesn‘t like. Richard Nixon did the same thing—and...
Lately, James Lindsay has burned much of his credibility in attacking largely non-interventionist right-wingers as “Woke Right.”
Considered centrist (by modern standards), not outspoken on political issues. Born American, but has been a Peruvian bishop for the past 11 years and...
In the name of fighting income inequality, pundits in the UK and US are calling for wealth taxes as magic bullets that will restore...
The bottom 80% of America is in recession and is starting to cut back on extra spending such as fast food.