In her history of liberalism (both classical and otherwise) Helena Rosenblatt relies on a caricature of liberals as radically individualistic and concerned only with material gain. This is an unfortunate mistake.
Allowing short selling increases the number of people with an incentive to discover valuable information about firms’ prospects by providing an added mechanism to benefit from information that turns out to be negative. This makes markets more responsive and honest.
Suddenly the champions of stakeholder theory, like the predictably despicable Washington Post, find themselves singing a new tune about vulture capitalists, deciding that hedge fund short sellers are now the good guys.
Laws against incitement—much like defamation laws—are direct attacks on basic human rights and the freedom of speech. Both place nonviolent people in legal jeopardy merely for the "crime" of expressing opinions.
Although it is important to recognize that massive price inflation is always the result of massive monetary inflation, there isn’t a stable relationship between the two.
When small investors lose their shirts by placing unwise investments, do brokerage firms, hedge funds, big banks, etc., come to their rescue? Not a chance. But there was plenty of talk of "rescue" when hedge funders lost money in the GameStop short squeeze.
America has grown accustomed to decades of "too big to fail," which means making sure the Wall Street elite never has to endure any real pain. It's because of this that pundits were quick to claim the GameStop affair was a grave threat to America.
Claiming they are "deregulating" housing, some California politicians want to make it illegal for private homeowners associations to restrict the construction of accessory units. This means more regulation and more centralization of power.
As more people get censored or removed from the platform, more prominent voices seek out alternatives that are in the more early stages and don’t censor as heavily. Fragmentation starts to make the service less useful and interesting rather than being a source of affirmation and good feelings.
It should be clear by now that the unbacked paper money system is not only a cause of crises, it is also the central instrument of control for the oligarchic party elites and their supporters.
