In a recent Spectator article, Niall Ferguson worried about the infatuation that the ruling class of the West have for the Chinese system of governance & their clear desire to imitate it. Unfortunately, he fails [more…]
“You cannot reason with a tiger when your head is in its mouth.” Winston Churchill. I love a lot of Winston Churchill’s sayings, but the one above fits the subject of this blog today pretty [more…]
Chatham Rule Named after Chatham House (the Royal Institute of International Affairs), which introduced the rule in 1927: “When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to [more…]
A good definition of the Tragedy of the Commons is that “Resources that are un-owned and/or un-ownable will be plundered to extinction”. Consider the fishes of the seas, especially those that migrate such as whales [more…]
A well-designed tax policy would extract from citizens’ wealth what’s needed by the government to protect their lives and civil liberties. It would not be designed to achieve purely political objectives, no matter how dressed [more…]
I went to a bookstore and asked the saleswoman, ‘Where’s the self-help section?’ She said if she told me, it would defeat the purpose. George Carlin! The above has nothing to do with this blog!! [more…]
I have long thought about and written about the incredible opportunities that decentralized digital technologies have brought forward, especially when it comes to solving financial and monetary problems. The more these technologies and their applications [more…]
Prior to becoming interested in precious metals I had never visited the inside of an auction house, let alone placed a bid. However, during the last lockdown I discovered that auctions can be a rich [more…]
The common thread that connects failed societies, from Weimar Germany to the Soviet Union, is an almost pathological insistence on denying reality. Weimar Germany denied that masses of printed money would destroy civilized society. The [more…]
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