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History Repeats Itself
Inflating the money supply (aka creating massive inflation) during a crisis and going into massive debt is like trying to dig your way over a mountain. History should be our guide, not Keynesian vudu. Actual transcript from Powell during his interview on 60 Minures below: https://www.cbsnews.com/news/coronavirus-economy-jerome-powell-federal-reserve-chairman-60-minutes/#app Scott Pelley: Where does it come from? Do you […]
Osama Bin Laden and Cost-Benefit Analsis
Suppose you are a home owner and some punk decided it would be a fun time to throw stones through all of your windows. Also, suppose the cost of hunting this criminal down through private investigators, as well as the cost of lawyers and court fees were all yours to burden (no help from the […]
You might be a libertarian if you believe…
If you think 99 percent of politicians give the rest of them a bad name, you might be a Libertarian. If you think taxes are ridiculously high, you might be a Libertarian. If you think that the problem with civil servants is that too many of them are neither civil nor servants, you might be […]