Market Theater, Gold, and the AI Bubble
Ludwig von Mises and the Feminine Liberation
It is worth recalling how, in his work Socialism, Ludwig von Mises explained—in the section regarding Contractual Marriage—that it was actually capitalism that enabled women’s emancipation; the greater financial resources made possible by capital accumulation allowed them to become independent of male domination:
The Hanse Was More Radical than You Think
During the Commercial Revolution—roughly from the 10th to the 14th century—medieval Europe experienced a demographic recovery, an improvement in agricultural productivity, a revival of its long-distance trade, and the diffusion of market institutions. In this context, the Hanse were merchants from Lower Germany and the Elbe river basin who found themselves scattered across a vast region around the North and Baltic seas.
A Return to Sound Money Will Fix Inflation
Americans are Falling into the Socialist Trap by Blaming Capitalism for the Damage of Statism.
Americans are falling into the socialism trap by not realizing that solving big government problems with an even bigger one is dangerous. Many blame capitalism for their affordability problems, when the true cause is statism. Statism is the gradual replacement of civil society, markets, savings, and individual choice by political control, public spending, regulation, taxation, and monetary intervention.
Why our $40 Trillion Debt Matters
The US hit a financial milestone a few days ago; the Federal debt reached $40 trillion. Some economists have argued that a large national debt isn’t necessarily problematic, and can even be beneficial. US GDP is also large, and as long as it grows at least as fast as growth in our national debt, we can finance this debt indefinitely.
Javier Milei escalates Falkland Islands feud after Trump questions UK backing
One wonders if Trump will try to hand Milei the Falkland islands as a reward for Milei’s fanatical support of the State of Israel.