Understanding deflation
The fewer non-productive bubble activities we have, the better it is for those activities that actually crate wealth. But attempts to reverse deflation with new money creation only create new bubbles.
The fewer non-productive bubble activities we have, the better it is for those activities that actually crate wealth. But attempts to reverse deflation with new money creation only create new bubbles.
The State has largely transformed judicial review from a limiting device to an instrument for furnishing ideological legitimacy to the government’s actions.
With less than two months to go before the government-imposed deadline, fewer than 20% of the estimated number of banned firearms have been handed over.
Many entrepreneurs go into the marketplace with romantic and abstract notions of how markets work. But there’s nothing romantic or abstract about the losses incurred by failed entrepreneurs.
Too hot (or just too honest) for the Stasi.
It would be a shame to lose the wisdom and inspiration of Albert Camus.