We know all too well that when it comes to bureaucratic mission creep, it’s incredibly difficult to put the genie back in the bottle. That’s why we must work to right the Fed’s course starting now. Its roles in fighting recessions and preventing financial panics are too important to be hijacked by partisanship.

We already knew that the coronavirus pandemic resulted in a bigger burden of government, and none of us should be surprised that we also wound up with record levels of waste. Remember, "more government" is not the answer to any sensible question. At some point, we will run out of "other people’s money."

The premise for the modern administrative state is the dubious notion that the federal government can scientifically plan the lives of hundreds of millions of people. The practical outcome is a regime of sheer incompetence and counterproductive policymaking that is fundamentally at odds with the normal functioning of society. It is a system meant not for a nation of pioneers and entrepreneurs, but hall monitors and clerks.

With public opinion lining up with the practical advantages of competitive energy markets, deregulating energy markets and promoting competition among energy sources and producers is a no-brainer – both for consumers and the planet.

We must separate government completely from science for the same reason we separate church from state and press from state. Don’t force our scientists to become supplicants to government bureaucrats in order to pursue truth. That will be the death of reason, science, and truth, and lead to disasters, such as misunderstanding the origins of deadly viruses.

Seven Deadly Economic Sins is a must read for the general public, policymakers, and students of economics who wish to gain an understanding, at a philosophical level, of the economic fallacies that continue to circulate in common thought and among certain policymakers, along with a convincing rebuttal of each, placed in the context of why getting it right matters for human progress.

What matters now is whether California will do anything at all to make it a more palatable possibility for people who would be inclined to live there. If not, we’ll see continued erosion of the tax base, as it is only people who pay taxes who are inclined to leave, and a smaller congressional contingent with each passing census.

The work of Scott provides a powerful illustration of the importance of the qualification proposed by defenders of the super-rich. It is not wealth that is problematic, it is wealth generated by muting the forces of the market process (i.e. by rent-seeking). In other words, the policies that produce inequality matter!

To stabilize the economy, informed citizens must study the faults of discretionary central banking and call for reforms to protect against them. "Money and the Rule of Law" accomplishes the first goal. The second is up to us.

By making precious metals a more integral part of citizens’ lives, state gold depositories are key to a return to sound money.