Capital and Interest in the Austrian Tradition, Part 1 of 3
Ocasio-Cortez’s Selective Memory on the New Deal
Jeff Deist Talks Ray Dalio and Crony Billionaires
Bovard on the Assange Arrest
Unmentioned in Assange arrest coverage — the US government after 9/11 dropped an Iron Curtain around itself. Wikileaks exposed US government crimes no one else would touch.
Julian Assange is charged with “conspiracy to commit computer intrusion.” What about all the politicians and military officials who conspired to deceive Americans about the Iraq war?
Central Banks Are Propping Up Stock Prices
Financial markets seem to have a great deal of confidence in the effectiveness of central bank monetary policy — in the sense that by keeping interest rates low, or bring interest rates down, the economies will keep expanding and asset prices, in particular, will keep rising. There is, however, good reason for savers and investors alike to think very carefully about the truth value of such a proposition.
There’s Nothing Wrong with Buying Local — Except When Government Tells You To
There is something unique about walking into a mom and pop shop and being on a first name basis with the local business owner or feeling a sense of pride towards the rising entrepreneur from the same city or country setting their mark on the global market. The truth of the matter is, there is nothing wrong with purchasing local goods and services, even when it is more costly to do so. The value of a product is subjective to each individual and that sense of community or local pride make any additional monetary cost worth it.
Austerity Works — When the Market Is Freed
Trying to overcome a financial crisis with more debt is ineffective and a scheme of deceit. It would be just another step closer to final bankruptcy. In order to overcome a financial crisis, policies in favor of private business are required. Austerity need not be painful when the contraction of the public sector is accompanied by the expansion of the private sector. This way, the recipe for making austerity work requires to do away with the interventionist burdens and to ignite the entrepreneurial spirit.
Ray Dalio’s Hollow Lament
Hedge fund titan Ray Dalio is just the latest billionaire to call for government to save us from guys like him.
Ocasio-Cortez’s Selective Memory on the New Deal
Alexandria Ocasio-Cortez never misses the opportunity to bash capitalism.
At the 2019 South by Southwest festival, the Congresswoman derided capitalism, describing it as “irredeemable.” She says that the U.S. is currently facing the consequences of “putting profits over everything else in our society.” Curiously, the freshmen congresswoman pivoted her rant towards a critique of the New Deal.