Previously excerpted on EPJ (check it lots!), Mises on raising taxes on the wealthy: The idea underlying all interventionist policies is that the higher income and wealth of the more affluent part of the population is a fund which can be freely used for the improvement of the conditions of the less prosperous. The essence…Details
There have been many times in my 26 years that I have run into things that make me speechless, at least temporarily. Most often, the force of an argument I hadn’t considered is the reason, but on very rare occasion, it will be because I am stunned at how ignorant people can be. This video…Details
Your lecture of the week this week is Marc Faber giving our current system a much-needed whipping:
I will post on Weds. Too busy of late!
Bastiat: This is the greatest and most common fallacy in reasoning. Real sufferings, for example, have manifested themselves in England. These sufferings come in the train of two other phenomena: first, the reformed tariff; second, two bad harvests in succession. To which of these two last circumstances are we to attribute the first? The protectionists…Details
The world keeps a’spinnin’: The U.N. seeks to control the internets this week. Innovation will always trump law, though, and you can be certain that if the New World Order succeeds, a new internet without any locus of control will arise. BUT, dear reader, Obama already signed an unprecedented secret cybersecurity bill that the NSA…Details