Capitalism
Larry’s Diary Week Five
Monday Bozzie is still away this morning, at the G7, but he seems to have been upsetting a quite a few people. You might remember that yesterday he complained about the US not allowing our [more…]
Economics
Arts
Three years later: Willkommenskultur revisited
It’s been over three years now that Frau Dr. Angela Merkel, German chancellor, tried to turn Germany into a Willkommensrepublik (welcoming republic). At the height of the Syrian refugee crisis, the Islamic State’s (ISIS) multinational [more…]
America
Keeping Economics Simple
The US Department of Defence is a major customer of many private sector suppliers, including the Boeing Company. Although relationships between customer and supplier are mutually beneficial, that is by no means the only reason [more…]
America
Is There an Economic Justification for Tariffs?
A tariff is a tax on imports that is used to satisfy a policy goal. Before the federal income tax became law in 1913, the US federal government was funded almost entirely by tariffs and [more…]
Economics
The Road to Serfdom – by the example of Venezuela – Part I
“Venezuela is the current poster child of interventionist failure” When looking at the quality of the media coverage of Venezuela’s crisis and the interpretations of the factors that caused it, the superficiality of most analyses [more…]
Economics
We Are Presented With A Unique Opportunity
There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. On such a [more…]
Economics
“More of the same” at the ECB increases gold’s appeal
“The intellectual leaders of the peoples have produced and propagated the fallacies which are on the point of destroying liberty and Western civilization.” Ludwig von Mises, Planned Chaos It took multiple meetings and over 50 hours [more…]
Economics
“Sticking to Your Guns” – and Other Failed Strategies
There can be little doubt that tenacity is a great virtue. It means holding on to something important, something you believe in, no matter what. The trouble with tenacity, however, is that it does not [more…]
Capitalism