“Fast thinking” is a corrupting short-cut in mental processes which the late Daniel Kahneman identified by experiments in financial decision-making. Fast thinking plagues the market-place as it responds to the new threat of responses to Fed-led inflation. That threat had emerged even before the post-pandemic inflation starting in late 2022 cooled from its peak levels.

We are taught from a very young age; “Government works for you”, or “the Government is the embodiment of the populous.” We accept these slogans blindly and carry on day to day. However, reality does not match up with these catch phrases. This is painfully clear when looking at the incentives that face these officeholders. After examining just a few, it’s clear we ought to adopt slogans that align with reality like, “the Government works for themselves.”

The Prophets of Doom
by Neema Parvini
Imprint Academic, 2023; 227 pp.

Growing your own tomatoes can be rewarding far beyond the sweet taste of your crop.

The traditional extra benefits keep bringing many of us back season after season. If you’re a gardener, you know the great feeling of acting directly on nature to produce the food you eat. Raising tomatoes gets you outside and sweating, and usually provides a sense of accomplishment. It encourages discipline and planning and demands a bit of knowledge and a ton of patience.

Donald Trump last week said he opposes any national legislation on abortion, and said he supports state governments adopting their own policies.

Unsurprisingly, Javier Milei´s monetary reform plans are discussed intensively in libertarian circles. For the first time, a real libertarian reform of the monetary and financial system is in sight. One of the main issues of contentions is Milei´s plan to introduce a 100% reserve banking system. Such a move would be truly revolutionary. The Argentinian banking system would be sound and stable. Harmful credit expansion would be ruled out. Unfortunately, but perhaps not surprisingly fractional reserve bankers have come out to criticize Milei´s plan.

I do not hear much talk about world population these days, the way I did growing up in the 1960s and ’70s. People were supposedly starving, dying, with tens of millions more sure to die. The problem back then was that there were just too many, well, people.

Population numbers coming out of China and India were unthinkable, and projections indicated many more people were going to be born into this dire situation. There were over twenty thousand people in my hometown and as far as everyone was concerned, that was enough already!