America
The Dollar Price to Redeem an Ounce of Gold
In a recent article I pointed out that the surest path to saving the fiat dollar from destruction was to make it fully redeemable in gold at whatever that price happened to be on a [more…]
Inflation
Economics
Inflation as a moral hazard
As I have argued many times in the past, the corruption of money itself and its purposeful devaluation is by far the most important problem facing not just investors and savers, but virtually every single citizen on [more…]
Economics
How to Compare Prices and Progress over the Years
We often scoff at supposedly how cheap things cost in decades gone by. For example, my wife and I recently watched a stage play of Jean Shepherd’s A Christmas Story, set in 1940’s America. (The [more…]
20th Century
Kill not cure: the economic prescriptions that failed
Introduction In my essay ‘From Socialism to Welfarism: the Betrayal of the Working Class’, I observed that the early socialist thinkers developed their ideas at the peak of the industrial revolution. Socialist theory was therefore [more…]
Economics
Saving in gold is the only reliable way to save
For the longest time, according to conventional and widely embraced wisdom, all responsible and prudent members of society had to have a savings account. All those hardworking taxpayers and all those forward-thinking and sensible individuals [more…]
Communism
Why dramatic change is overdue
In a totalitarian regime with a single ruling party, people know that all the churned-out propaganda is a pack of manufactured lies – and, what’s more, the leaders know that the people know! Everyone knows [more…]
Economics
2023: A year in review
After the catastrophic covid crisis of 2020 and 2021, the extremely impactful and consequential Russian invasion of Ukraine in 2022, many hoped that 2023 would break this terrible bad spell and finally present us all [more…]
Communism
Intentional Causes and Unintentional Effects
Ursula Von der Leyen, Chief of the European Commission, complains bitterly that the Chinese are keeping the price of their electric cars artificially low by “giving their manufacturers huge state subsidies, and this is distorting [more…]
Animals
Larry’s Diary – Week Two Hundred
Monday Good morning everyone, and welcome to my 200th diary entry. Wow, 200 editions, that means I have been writing this diary for over four years (if you count all those holidays my scribe goes [more…]