6. The Perfection of Exchange: Money
If not to make the world better, what is money for?
– ELIZABETH TAYLOR
5. The Driving Force of Civilization: Inequality
Reason is the principle of general equality, the mind is the principle of inequality among men.
– FRIEDRICH WILHELM JOSEPH SCHELLING
4. Interpreting History: The Role of Theory
But though all our knowledge begins with experience, it does not follow that it all arises from experience.23
– IMMANUEL KANT
3. What Is Indispensable for Human Action: Property
There can be no happiness without constancy and prudence.18
— LUCIUS ANNAEUS SENECA
Why Ron Paul Is Right
The great Dr. Ron Paul has been right about all the major issues that confront the world today. He is right about the Fed, the Ukraine war, the FBI, and so much else. How has he managed to do that? What has given him wisdom unique on the political scene today? The answer is simple. He has consistently applied the teachings of the greatest political thinker of the twentieth century, Murray Rothbard. Ron Paul is a consistent Rothbardian.
The Chinese Balloon Hysteria
Food and Shelter Prices Keep Climbing as CPI Growth Hits a Three-Month High
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in sixteen months. According to the BLS, Consumer Price Index (CPI) inflation rose 6.4 percent year over year in January before seasonal adjustment.
Confusing Economic Reports?
Money versus Monetary Policy
With all due respect to Niall Ferguson, whom I’ve heard of, and Huw van Steenis, whom I’ve not, this tweet is quite preposterous. I’ve personally met more than five people who understand money just in my own circles.
