Tweet … is a repeat from ten years ago, but one whose relevance today is too great not to reprise; specifically, it’s from pages 476-477 of the 5th edition (2015) of Thomas Sowell’s Basic Economics:: At one time, it was believed that importing more than was exported impoverished a nation because the difference between import and exports had to be paid in gold, and the loss of gold was seen as a loss of national wealth.  However, as early […]

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Tariff supporters claim that implementing tariffs will result in new jobs at home. What they fail to point out is that many people depend upon imports for work. The tariffs on Canadian aluminum imports are a case in point.

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I’m taking an econ class at my local community college and it’s pure Keynesian slop. The prof played a great depression documentary and all it did was suck FDR’s cock and paint the picture that laissez-faire markets are bad. submitted by /u/Cr4bc0re_F4n [link] [comments]

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Court Confirms That, If Proven, DOGE’s Ongoing Access to Personnel Records Is Illegal NEW YORK—A lawsuit seeking to stop the U.S. Office of Personnel Management (OPM) from disclosing tens of millions of Americans’ private, sensitive information to Elon Musk’s “Department of Government Efficiency” (DOGE) can continue, a federal judge ruled Thursday.  Judge Denise L. Cote of the U.S. District Court for the Southern District of New York partially rejected the defendants’ motion to dismiss the lawsuit, which was […]

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submitted by /u/NoticerofPatterns [link] [comments]

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