Progressivism Is An Imposter
“What we’ve got here is a failure to communicate.” This became an often-repeated popular line after its use in the 1967 movie Cool Hand Luke….
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A Wealth Tax Consumes Capital
It seems one cannot make a name for one’s self on the Left, unless one has a proposal to tax wealth. Academics like Tomas…
Read MoreThe Ghost of Failed Banks Returns
Last week’s failure in the US repo market might have had something to do with Deutsche Bank’s disposal of its prime brokerage to BNP,…
Read MorePrice Controls Attack the Freedom of Speech
We increasingly live in a new “dark age” of economic ignorance, and even stupidity. Few things exemplify this trend as much as the call for price…
Read MoreFriends of Freedom, Do Not Despair
riends of freedom can easily become despondent when they look at what appear to be the ideological and political trends that fill the media…
Read MoreTake Shelter 2.0
“The most terrifying words in the English language are: ‘I’m from the government and I’m here to help.’” Ronald Reagan. “When Nobel Prize-winner…
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Serious advice
“Given all this, what do MPs do all day? Media manipulation, not operational planning on priorities. “Unsurprisingly, most senior MPs in all three parties…
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Obvious Capital Consumption
We have spilled many electrons on the topic of capital consumption. Still, this is a very abstract topic and we think many people still struggle…
Read MoreA mob of nasty, ignorant dwarves
“The first rule of compounding is to never interrupt it unnecessarily.” Charlie Munger. “[Ronnie Millar] was.. surprised to be ordered by [Mrs….
Read MoreCan expectations undo the validity of the Mises’s business cycle theory?
According to Ludwig von Mises’s Austrian Business Cycle Theory (ABCT), the artificial lowering of interest rates by the central bank leads to a…
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