Denying Reality Leads to Tyranny and Societal Failure
The common thread that connects failed societies, from Weimar Germany to the Soviet Union, is an almost pathological insistence on denying reality.
Power & Market
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Does an “Inflationary Problem” Exist?
How does one respond when a friend, colleague, professor, or one of the most decorated economists on the planet, claim they don’t foresee and infla
Two Invisible Hands: Politics vs. the State
In 1759, economist and philosopher Adam Smith wrote one of the greatest descriptions of the free market ever produced.
Thanks to Covid Stimulus, Employers Can’t Find Workers. Montana’s Governor Is Having None of It
Montana governor Greg Gianforte has had enough of President Joe Biden’s covid relief bills.
Decentralization and Political Satisfaction
As the State grows larger and more centralized, combat in the political arena will grow more desperate and extreme because there is more to be won and lost in each conflict.
Charlie Munger’s Oddly Desperate Attack on Bitcoin
Berkshire Hathaway's Charlie Munger is now badmouthing bitcoin because some criminals use it. But its rather odd for him to be targeting bitcoin when cash is used by criminals far more than bitcoin.
Joe Biden, Stock Market Hero
The CNN headline news article says it all:
The State Is Not Us
This definition is used by many historians of the state, and by many within the field of political science.
Will Special Interests Allow America’s “Longest War” to Finally End?
Even if “won,” endless wars like our 20 year assault on Afghanistan would not benefit our actual national interest in the slightest.
The Fed Finally Gets Some Tough Questions. And Fails to Answer Them.
Between various tests to determine policy, vague responses, and a general avoidance of answering questions directly, Powell didn't offer much other than a plan for providing perpetual liquidity injections under accommodative monetary conditions.
