Greenspan Came Not to Save Consumers but to Bury Them
By 2004 and 2005, he gave speeches exhorting Americans to buy adjustable-rate, interest-only and negative-amortizing mortgages.
By 2004 and 2005, he gave speeches exhorting Americans to buy adjustable-rate, interest-only and negative-amortizing mortgages.
China in the formative centuries developed protoanarchistic ideas. The total, unsystematic application of those ideas created a system as rigid, as formalistic and tyrannical, as any we have today.
We have long known that Austrolibertarianism is the only truly international economic-political movement outside of Marxism.
No one would suggest that Marx was consciously dishonest, but a very great deal of intellectual disingenuousness has gone to the explaining (and the explaining away) of Marx. Accordingly, all things considered, I do not like the company of Marx.
"I have often been asked to add to my negative critique of Keynes's theory the positive exposition of an economic theory that offered a more correct explanation and description of economic reality. The present book is my answer to this request."
Even Marx did not contest the fact that private initiative and private ownership of the means of production were indispensable stages in the progre
Machiavelli was reviled throughout Europe during the 16th century and on into the next two centuries.
"Twenty-five percent of college-bound high-school students cannot name the ocean separating the United States from Asia. This happens despite the fact that education funding in the United States tripled from 1960 to 2000."
"The pensions/social security system is an intergenerational Ponzi scheme, the biggest scam ever invented."
For while the humanists would hear of no institutional check on state rule, one critical stumbling block still remained: Christian virtue. What was needed, then, to complete the development of absolutist theory, was a theoretician to fearlessly break the ethical chains that still bound the ruler to the claims of moral principle. That man was the Florentine bureaucrat Niccolò Machiavelli.