No Cigar For MAGA—But The 1% Did Get Their Yachts!

Market capitalism isn’t working according to the texts penned by Adam Smith, and hasn’t been for decades. Still, there is a reason why today’s bailout-ridden crony capitalism is not remotely the real thing: To wit, free markets can’t function efficiently and productively when they are flooded with cheap credit printed by the central bank. The […]
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