A common talking point: it is the private sector that actually pays for the public sector, and hence all public services ultimately. This argument is heard so often on the right, and considered such a [more…]
This is precisely what the State is doing. The idea of war, mayhem and destruction being economic boosters is exactly what has supported the thin facade that politicians like to place over their greed and [more…]
For any reasonably well read adult, any amateur student of history or any responsible citizen for that matter, the idea that ”war is the health of the State” should be adjacent to a truism. After [more…]
President Ronald Reagan said the nine most terrifying words in the English language are: “I’m from the government and I’m here to help”. We wonder whether he appreciated their full truth. The role of government [more…]
What Is Legal Money? Before delving into the dangers of eliminating cash and mandating that all transactions be conducted by digital means, let us briefly discuss the legal aspects of money. In the United States, [more…]
“Whom the gods would destroy they first make mad”. This ominous observation, made by nineteenth century American poet Henry Longfellow, confronts rulers riven by internal discord so deep that it immobilises any capacity for coherent action. [more…]
If this kind of theoretical reasoning seems too abstract, let us think about it more practically: Any public servant, any member of government, and even the leader of a nation, has very different motivations than [more…]
For decades already, one of the most popular and commonly employed attacks of Keynesians and other left-leaning economists was the one against the idea of “trickle down economics”. They ridiculed the notion that a rising [more…]
A good start Whatever one might think about which currency is better suited to be used in trade or as a benchmark or as a central bank reserve, the fact remains that the USD’s days [more…]
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