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"Wasting resources, capital and income on stuff nobody really needs," Charles Hugh Smith wrote in 2017, "is a monumental disaster on multiple fronts. Rather than establish incentives to conserve and invest wisely, our system glorifies waste and the destruction of income and capital, as if burning time, capital, resources and wealth on stuff nobody needs is strengthening the economy." I come across the "stuff nobody needs" argument frequently, from voices all across the political spectrum, for reasons ranging from economic to environmental to sp...
Americans pay more for our prescription drugs than other people do -- half again as much as Canadians or Germans, more than twice as much as Greeks or Italians. In recent years, those costs have become a major issue in the political debate over health care. Proposals to address drug prices range from allowing Americans to buy their drugs from abroad, to allowing government health programs like Medicare to directly negotiate lower prices, to having the government itself manufacture generic drugs. One suggestion I don't see very often is...
More than a year out from the 2020 presidential election, we're already starting to see "spoiler" fear-mongering from supporters of America's two largest political parties and their candidates. Will formerly Republican congressman Justin Amash of Michigan run for president as a Libertarian or independent in 2020? How about formerly Republican, formerly Democrat, formerly independent, former Rhode Island governor and US Senator, now Wyoming Libertarian Lincoln Chafee? Or former Democratic congresswoman and 2008 Green Party nominee Cynthia...