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When Will Congress Admit Its Mistakes?

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“I was wrong,” says a group of New York Times opinion writers. “Eight Times Opinion columnists revisit their incorrect predictions and bad advice — and reflect on why they changed their minds” is the statement that appears at the end of each of the articles. “I was wrong about inflation,” writes Paul Krugman. He “made a very bad call” when he said that the $1.9 trillion American Rescue Plan would not be inflationary. “I was wrong about Al Franken,” writes Michelle Goldberg. She regrets “calling for Franken to resign without a Senate investigation” when he was accused of sexual harassment. “I was wrong about capitalism,” writes David Brooks. “By the time the financial crisis hit, the flaws in modern capitalism were blindingly obvious, but my mental frames still didn’t shift fast enough.” “I was wrong about the power of protest,” writes Zeynep Tufekci. She concluded that “although today’s big protests look the same as those in the past, the different ...

Monetary Freedom Instead of Central Banking

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The United States and most of the rest of the world are, once again, in the midst of an inflationary crisis. Prices in general are rising at annualized rates not experienced by, especially, the industrialized countries of North America and Europe for well over 40 years. More than 50 percent of the U.S. population is under 40 years of age, meaning that half of the people in the country have never experienced in their life time a period of rising prices such as is now occurring. It is not surprising, therefore, the shock that it has had for so many. There was a period of time in the late 1970s when price inflation, as measured by the Consumer Price Index (CPI), was going up at an annualized rate of nearly 15 percent. That was the highest since during the American Civil War, more than a hundred years earlier. So, the nearly 9 percent price inflation in the summer of 2022 ...

How Police Use Public-Private Partnerships to Spy on Americans

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“We live in a surveillance state founded on a partnership between government and the technology industry.”— Law Professor Avidan Y. Cover In this age of ubiquitous surveillance, there are no private lives: everything is public. Surveillance cameras mounted on utility poles, traffic lights, businesses, and homes. License plate readers. Ring doorbells. GPS devices. Dash cameras. Drones. Store security ...

To Cure Healthcare, We Need to Kill Government Involvement

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Most Americans need not have seen the recent headline announcing that Connecticut healthcare insurers seek to raise premiums by over 20 percent to realize that America’s healthcare system is badly broken -- overly expensive and insufficiently healthful. What they have yet to fully grasp is that it’s almost entirely the government’s fault. Instead, many applaud socialized medicine, ...