The Fear Inside You
- Category: Free Market
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You are scared. You feel terrified. You know that you are a target. You know they are coming after you and there is nothing you can do unless you can find a white knight; a bodyguard that will protect you, a courageous and fearless fighter who will face them. All you need is a hero. Not too much to ask.
YOUR DEEPEST FEARS
This is how we all feel when…
How Not To Reform Economically - The Jordanian Example
- Category: Reality Check
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Yesterday the Minister of Planning and International Cooperation from Jordan (yes, we are not making this title up), mr Imad Fakhoury dazzled his hosts at the World Bank Group - IMF Annual Meetings in… drumroll please… Lima… Peru!
That's right. Let it never be said that the World Bank/ IMF apparatchiks are not all about equality. As long as there is a five star hotel and they don't have to pay…
Are Taxes Broken Contracts? - Part 2 of 2
- Category: Taxes
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ACCEPTANCE
The second element is the acceptance part. Obviously if contracts must be voluntary, then there must be a party that accepts an offer. But what are the legal conditions for an acceptance to be considered…well… legal and valid?
The rules of acceptance are not so clear, however the most important is:
There must be a communication of acceptance (unless the contract is unilateral)
This makes sense. If a contract must…
Are Taxes Broken Contracts? - Part 1 of 2
- Category: Taxes
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As you know, one of our favourite topics is taxes. There are many reasons for it, among them because as a matter of principle we deeply detest being robbed. However and more importantly, taxes are, to a large degree, the Achilles' heel of governments. What makes governments viable is money, and a great deal of it. Several decades back, when governments had not yet gone bat-shit crazy, taxes were all…
Warning
- Category: Libertarianism
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This website is a Health & Safety hazard. It may shred your old ideas to pieces.
You have been warned.
That it?
Yup!
For today.
Lesson #243 - Austrian Economics For Dummies - Market Prices - Part 2 of 2
- Category: Austrian Economics
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Minimum or Final Price
Through this process of profits and loses, it becomes clear that in a free market prices have only one way to go: down. However, it is also clear that for as long as there are people wanting a product, prices can only go one way: up. At some point in the marketplace prices will reach a point where they will remain steady should nothing else changes.…
Lesson #243 - Austrian Economics For Dummies - Market Prices - Part 1 of 2
- Category: Austrian Economics
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Today we are going to talk about how market prices are determined. At its most basic, market prices are determined by people acting and as such they do not happen mechanically. Prices are not "just there". They are dynamic and in constant flux, flux that it is determined by people acting with a specific purpose.
Basic Prices
When two people exchange goods or services, they are exchanging goods or services.…
Do You Think You Are Alone? Eh? Punk!
- Category: Libertarianism
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There is an old Green Movement motto which is no longer so much in favour but that clearly describes our point of view "Think Globally, Act Locally". We, this site, is not a "globalist" site but an "internationalist" site. There is a difference. Globalists want sort of a global so-called "free market" which in reality means a bunch of "free trade" agreements between countries. Which means moving from a local…
The OECD Hits Your Pocket Again
- Category: Taxes
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The OECD is going to establish a new "package" of treaties destined to clamp down on tax savings by multinational companies. That's right. You heard it right. The OECD will "clamp down" on perfectly legitimate tax savings strategies. This is nothing short of mindboggling. A supra-national organization of apparatchiks who you do not control but pay their salaries is outraged that companies are using fully legitimate means to pay less…
