Contract Rights Are Not the Same as Natural Rights
Contracts are voidable and thoroughly changeable. They can be totally ignored with the consent of both parties. But natural rights are not like contracts and can't be abolished even with consent.
Contracts are voidable and thoroughly changeable. They can be totally ignored with the consent of both parties. But natural rights are not like contracts and can't be abolished even with consent.
The idea that supply chain problems are “driving inflation” gets the causation backward. It’s money supply inflation that’s causing the supply chain problems, not the other way around.
New tech shows some light at the end of the tunnel. But for decades, government bans on a market for human organs has condemned millions of people to early deaths and immense pain.
If a businessman pulls a gun on a customer and demands 20 percent more for a product, that is robbery. If a politician intervenes to the same effect, it is fair trade.
The One Ring of power stands for the particularly evil idea of creating a state of states, a world government, a world state. A one-world fiat currency is similarly dangerous.
Recorded in St. Petersburg, Florida on October 22, 2021.
Recorded in St. Petersburg, Florida on October 21, 2021.
Government healthcare is centrally planned healthcare. Innovations in the decentralized "digitalization" of medicine could finally move medicine back in the direction of markets.
Thanks to central banks' easy money policies, historically low interest rates and a desperate search for yield have created new danger zones for investors trying to stay out of trouble.
"Let's Go Brandon!" scored an early win in Virginia, and hurt Democrats in New Jersey.
Step 1: claim that only government can solve the problem of "externalities." Step 2: claim that externalities are everywhere. Step 3: send in bureaucrats to solve every "problem" caused by externalities.
The more an economy is centrally planned, the more chaotic are the relationships within it. The freer people are to make their arrangements in the market, the more coordinated things become.
Whether through taxes, debt, or inflation, government spending is about ripping off the productive taxpayers. Argentina's inflation and runaway deficits provide a cautionary tale.
It is not possible to replace productive credit by means of the easy monetary policies of the central bank. If this could have been done, then the world would have already ended poverty.
The Biden administration will use the SEC to squeeze oil and gas companies on "climate risk." As is typical for progressive schemes that drive up the cost of living, the working classes will suffer the most.
Policy normalization—defined as closing down the nonconventional toolbox and restoring a well-functioning price-signaling mechanism to the bond market—is difficult but possible.