fee.org/articles/no-higher-nominal-wages-aren-t-a-silver-lining-of-inflation/

My latest: fee.org/articles/3-glaring-flaws-plaguing-the-bipartisan-push-for-2-000-stimulus-checks/?utm_source=email&utm_medium=email&utm_campaign=2020_FEEDaily

While famous economist Paul Samuelson lauded the Soviet Union as having the potential to catch up to (and pass up) the United States, lesser-known economist Murray Rothbard was noting the gains they had were illusory. Rather than illustrating economic growth,Soviet numbers reflected mass production. Production for its own sake has not value when divorced from the end users of products.The Soviet's own planning led to their eventual fall. Similarly, as I consider the upcoming problems for Communist China, I wonder if they too have sowed the seeds of their own destruction. The coercive one child policy has led to an unbalanced population pyramid, and a sex ratio well outside of normal limits. Visual Capitalist refers to an our world in data chart showing India will overtake China in population terms in 2026. Without the human hands and brains driving their economy, will China simply flicker out like the Soviet Union. My suspicion is yes. Their grand designs have anti-climactic ends. tinyurl.com/y8pwxks7