Other Schools of Thought

The tragedies of 20th-century socialism are made more horrible by the fact that some people understood, predicted, and warned.

What they don't understand: aggregation, relative prices, interest rates, capital structure, money pumping, and regime uncertainty.

Governments and bankers hate gold because its supply cannot be inflated on command.

A recorded mini lecture and video display purported to explain this mysterious phenomenon (mysterious to the Old Lady of Threadneedle Street, anyway). I knew that I was going to hear either a self-critical explanation or, more likely, some hogwash. Hogwash won, hands down!

Did you even know it’s International Mother Earth Day today, citizen?

Debasement in the service of the state is not a fairytale. This is not a conspiracy theory. This is real life.

The balanced budget passed away definitely in 1911, not to return again until a  revolution had swept from the people of Italy their freedom.

A DUI is one of the infractions that can cause a de facto iron curtain to fall across the Canadian-US border, separating friends and family; other infractions include possession of marijuana or even a medical-marijuana card, shoplifting, and an arrest for attending a rally.

Political upheaval has hit Finland, and it's merely a foreshadowing of bigger changes ahead.

Japan’s economy has not been stagnant; it has in fact been growing in real terms.