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A friend of mine sent me the following link the other day. Shaffi Mather: A new way to fight corruption I have quite honestly, found it to be the most inspiring thing I have seen on the internet for quite some time. Shaffi Mather, a former employee of Reliance industries, has gone on to found 1298 for [...] Far from adding cozily to the private sector, the public sector can only feed off the private sector; it necessarily lives parasitically upon the private economy. - Murray N. Rothbard, The Fallacy of the “Public Sector” Hit the link to read the full essay here The drama of the PIIGS’ debt crisis continues to unfold, as some say it foreshadows what will happen to the US eventually. History is replete with countries that experienced economic crises which turned into fiscal crises. It appears that we may be in the beginning stages of this cycle. Check out the great post from bearishnews.com [...] Consider this fantastic summary of “The Fed as Giant Counterfeiter” by Robert Murphy: Ah, but we’re not done yet. Not only does the Fed’s accumulation of Treasury debt artificially push down the interest rate, but the Fed gives the interest payments right back to the Treasury! After all, interest is how the Fed [...] Milton Friedman published in 1966 an essay, which arguably, combined with Keynes’ General Theory were the two pieces of literature most responsible for shunting economics on to the wrong track, to use the same expression William Stanley Jevons used to describe the influence of David Ricardo on the science’s development. FA Hayek once said he [...] No doubt I may well be the thousand and umpteenth person to blog this, though I thought I may as well do my bit to help spread this noteworthy video: \”Fear the Boom and Bust\” a Hayek vs. Keynes Rap Anthem Aside from the inaccurate portrayal of both men’s personalities (I think Hayek was much more of [...] Just a quick, if obvious thought. I was watching a show on the history channel about US presidents. They showed the famous clip from George Bush, Sr.’s campaign promise “read my lips. No new taxes!” Fast-forward a few years and taxes increased. The Law of Economics demanded that taxes be increased. It’s very simple: there [...] If I were President, I’d have one simple rule: absolutely no bail outs. The bails outs that have saved the insolvent banks in the US have created such great problems and have served only to expand the reach of government. It is so predictable that the government cannot just bail out “systemically important” institutions smoothly; there [...] I heard on the radio yesterday, the latest in the long spate of “advertisements” which the UK government uses to educate its hapless citizens that leaving their valuables lying around the house in places that are easily observable is generally not a good idea. The general gist of their message can be gleaned from the [...] The truth, as is often the case in science has a real simplicity and [...] |
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