Ethics for Liberty Seminar
Gold, Fiat, and the Fed
Entrepreneurship as Agreement Under Uncertainty
In entrepreneurship theory (and practice), uncertainty is usually treated as a backdrop—something founders must act within. But entrepreneurs rarely operate alone. They must enroll others, especially financial backers, into their projects. This simple observation shifts the analytical focus from decision-making under uncertainty to agreement under uncertainty.
Trump begs for ceasefire. Iran rejects it.
The country that is losing generally does not reject ceasefire proposals. Meanwhile, Iran demands an end to the Israeli war on civilians in Lebanon, etc.
Price Inflation and the Price of Oil
The yearly growth rate of the consumer price index (CPI) closed at 2.4 percent in February against a similar figure in January. In February 2025, the yearly growth rate stood at 2.8 percent. Note that, in June 2022, the yearly growth rate was 9.1 percent.
Trump’s Iran War: Worse Than Expected, But Better Than Hoped?
“Americans now know that the US government lives for war, is owned by Israel, and is completely beholden to and integrated with the military industrial complex...”
Thanks to Trump, rising fuel prices endanger Milei coalition
Rising prices, triggered by Trump’s Iran War (which Milei supports) endanger the political future of Milei in Argentina, as it does with other rightwing regimes in South America.
US Loses at Least Six Aircraft in Iran War Since Friday
“US officials said that the two C-130s and two Little Birds were destroyed at a makeshift airstrip after they got stuck in the sand...”
Mayor Mamdani Has Declared War on Gold
On the heels of a credit outlook downgrade for New York City, Mayor Zohran Mamdani and the state legislature have just declared war on the financial center’s vibrant gold bullion market.
Global credit ratings agency Moody’s dropped the Big Apple’s outlook from “stable” to “negative,” releasing a statement: