Mises Wire

America is plagued by mountains of debt, cheap money, and an out-of-control central bank. But the situation with the European Central Bank is even more dangerous. 

Major League Baseball's boycott of Georgia only makes any sense at all if we conflate every single Georgia resident with the regime itself. But in the real world the claim that "we are the government" has always been nonsense. 

Globalists know that so long as sovereign states have the ability to set their own tax rates, regimes are tempted to engage in “tax competition” in order to attract capital. The cure to this “problem” is a global minimum tax rate.

There is much talk these days about Fed "transparency" easing the effects of monetary policy. But it is not possible to deflate the present gigantic monetary bubble without a severe economic bust, and a policy of transparency employed by the Fed cannot prevent the inevitable bust.

Federal regulators are claiming "socially responsible investing" can be just as good as traditional investing in terms of gaining returns for retired workers. But if that's true there's no need for regulations pushing these investments at all.

Of course, scientists were never supposed to run our society. The technocrat class cannot possess all of the knowledge necessary to effectively run the lives of 330 million Americans. But that will not stop them from trying. 

Postmodernism lends itself to totalitarianism. Once beliefs aren't constrained by the object world, an idea can't be wrong, and the intellectual battleground becomes a political one, a struggle to impose certain ideas on all.

It's time to default on the national debt. It's the moral thing to do. We often speak of the problems with the effects of the debt. But the debt itself is an abuse and an imposition on taxpayers. 

The mental viruses Saad has in mind are to a large extent those that deny that human beings have a biological nature: “Many idea pathogens share one common thread, a deep desire to liberate people from the shackles of reality.”

"Because there's so much debt today relative to 10, 15 years ago, a small debt, a small move in yields, 50 basis points in yields today is equivalent to 2% 15 years ago."