John Maynard Keynes, The Father Of Modern Bad Economics & Bad Politics

I know, I know… economics is boring, confusing, and makes you want to take a nap—that is precisely what most of today’s professional economists want you to think, and politicians too. It enables them to control your life and your wealth with little opposition. Here is another brilliant and brief essay to whet your appetite and open your eyes to the damnable damage done by the economic theory that currently rules the Western world, and is wreaking global havoc. The plague of our time Read more […]

Another Liberal Tries To Teach Readers That Austrian Economics Is Evil

A lot of Austrian Economists are Libertarians, but the truth value of Libertarianism as a social ethics theory is completely independent of the value of “Austrian” Economics. The term “Austrian” refers to Carl Menger and other economic thinkers who first articulated (or re-articulated from some medieval scholastics) a theory of economics that demonstrated why markets work and why socialism is impossible. Two of the best known “Austrian Economists” were F. A. Hayek and Ludwig Von Mises. Their Read more […]

Prosperity: The Three Questions That Really Matter

Tune in to financial TV, read financial news, listen to financial radio and most of what you watch, read and hear is noise. Cable TV increased the number of channels from several to hundreds, and new media increased it from hundreds to tens of millions.  More channels means more space, more space means more need for content, more need for content means more noise. But when one takes a step back and looks at the broad sweeps of economic and financial history, then speculations about whether this Read more […]

Does History Repeat Itself?

History is unpredictable. So says Nassim Taleb in his book, The Black Swan. This may seem to be a paradoxical statement at first because history, by definition, is an attempt to explain events after the fact. “Of course,” most astute readers would say, “history is unable to be predicted for the simple reason that it is not in the business of predicting, but of recording and analyzing.” Perhaps, but this misses Taleb’s point, which is, that “these [historical] events were unexplainable, Read more […]

Unlimited Power and Absolute Corruption

Power is a familiar topic with conservative writers and thinkers. In 1944, Ludwig von Mises published his book, Bureaucracy, which may very well be considered the authoritative work on the (in)effectiveness of centralized power. Mises wrote: The bureaucrat is not free to aim at improvement. He is bound to obey rules and regulations established by a superior body. He has no right to embark upon innovations if his superiors do not approve of them. His duty and his virtue is to be obedient. Mises Read more […]

Is Immigrant Amnesty a Conservative Policy?

Latinos are religious, morally conservative, and tend disproportionately to join the military. They also tend to be hard working and entrepreneurial. Do we really have too many of them? Do we really want to pack them up, forcibly, by the millions in the greatest forced migration in human history? How many are there, 15, maybe 20 million? No one has ever moved 15 million people against their will. No one has ever moved half that many without concentration camps, forced marches of one form or another Read more […]