The Most Important Lesson
- Category: Property
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Let’s begin with a harsh statement: people are stupid. Or brainwashed. Or stupid and brainwashed. We can’t actually decide but you get the idea. However, this state of affairs is not their fault, or at least it is not entirely their fault. To break free from generations of thought shaping by government agents through a lifelong learning process of so-called “education” followed by “messaging” and “information” campaigns is not easy.…
Let's Blame The Government
- Category: Health Insurance
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There was a tragedy in UK. This tragedy is in and by itself not important. What is important is its role as an indicator of what’s wrong with governments in general. Let’s go to the story.
You may know (or perhaps not) that in UK they are the happy owners of one of the best socialized medicine system in the world: the National Health System (or NHS). Well… at least…
Lesson #222 - Austrian Economics For Dummies - Purposeful Action
- Category: Austrian Economics
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Today we are going to expand on the concept of Purposeful Action. In the previous lesson we said that the most fundamental Action Axiom states that all human action is purposeful.
The concept of "purposeful"
We said that when it matters, i.e. when humans are trying to achieve a goal, humans act consciously to try to achieve said goal. In other words, they act with purpose. Stated in this manner…
Magic! The Euro Area Defies Monetarism
- Category: Keynesianism
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There is something very strange going on in the Euro economic area. According to all monetarist (or Keynesian) theories, the economic activity in the Euro area is floating in mid-air without any support or means of propulsion! Quick! Quick! Change reality as it does not coincide with the theory!!!
THE DOCTRINE
Monetarist (or Keynesian) doctrine states that in order for an economy to grow, it must be "stimulated" with an…
Political Progress: Action Through Inaction
- Category: Politics
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There is a new IPSOS MORI poll gauging the feeling of progress throughout the world. The question that many citizens from several countries were asked to answer was: "To what extent, if at all, do you feel that your generation will have had a better or worse life than your parents' generation, or will it be about the same?" The result? It was described as "surprising" by many commentators, political…
The Death Of Privacy
- Category: Privacy
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We have written about this topic in several other articles but very few people, if any, are aware as to just how much of our privacy is gone. No, we did not say going; we said gone. As in bye-bye. As in you don't have any left.
SNOOPING AS A WAY OF LIFE
Government bureaucrats, politicians and the power elite that control them have been salivating since the advent and…
The Great Barrier Reef - An Ecologic Disaster In Progress
- Category: Austrian Economics
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THE PROBLEM
There is an ongoing ecological disaster being produced by human means in Australia. The Great Barrier Reef, that wonder of nature, is being destroyed bit by bit. However, there is now a new threat; actually a certainty of massive destruction. A new coal mine. On July 29 the last OK to this destruction was given by the Australian government. The Carmichel coal mine which will cover 200 sqkm…
Argentine Default: J'accuse
- Category: Economic Conditions
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In our previous article The Default Shall Be Televised we mentioned that Argentina has reached yet another default cycle and that it will be fun to watch. Well… the comedy has begun and this is the first episode.
Introduction
Argentina is hopelessly indebted to, well, pretty much everybody. Because the debt is in effect unpayable, Argentina defaults every 5 to 7 years (approximately). The precise speed depends of the level of economic…
The Future Of Taxation
- Category: Taxes
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Some readers believe that our writings approach the level of ramblings or disgruntled babble because in many instances we display vitriolic hatred towards all the damage that governments have caused, continue to cause and will cause to peoples' lives. The point is well taken. We are livid and without speech. This much is unquestionable. However, having said that, we must also point out that everything in our writings is simply…
