Why Are We Libertarians?
- Category: Libertarianism
- Hits: 22637
User Rating: 0 / 5
Yes, yes, we know. We have drilled into your head our response. It has to do with standards of living, with the stupidity of governments, with the idiocy of political systems and the inalienable right to be sovereign over our own properties.
And all this is just fine and true.
But why are Libertarians? Because in the end, all those lofty goals are just side effects of one simple human…
Naked In The Wind
- Category: Economic Conditions
- Hits: 1352
User Rating: 0 / 5
Over your lifespan you will experience what we call the "Naked In The Wind" effect. And you will feel so probably several times until you die.
But what is this effect?
In vernacular terms, it would seem that everything is going to shit.
We are all, collectively, traversing through one such period in human history. Think about it.
The Chinese are advancing their plans to dominate the world (as we…
North Korea - The Blackmail Machine - Part 2 of 2
- Category: Austrian Economics
- Hits: 1499
User Rating: 0 / 5
THE ISSUE
Over the last few decades people have been thinking and developing all kinds of strategies to so-call "deal" with "the North Korean problem". So far, nothing works. The only thing that works is to play their game and pay blackmail.
Military threats do not work because Dear Leaderand his band of apparatchiks know that no country would launch a preemptive strike without a massively good reason. People simply…
North Korea - The Blackmail Machine - Part 1 of 2
- Category: Austrian Economics
- Hits: 1548
User Rating: 0 / 5
As of lately North Korea has been acting up again. First yet another rocket launch followed by the usual diatribe against the Imperialists and the need to build up Democratic People's Republic of Korea's (DPRK's) "capability for preemptive strike" until said Imperialists (that would be US) and their puppets (that would be the Republic of Korea - ROK) "stop their war games they stage at our doorstep".
This rocket is…
The Investment Barrier
- Category: Libertarianism
- Hits: 22971
User Rating: 0 / 5
This article will be short but nevertheless very important. Some time ago we published The Time Preference Barrier as one of the multiple barriers preventing Libertarianism from surging and becoming main stream. Today, we are going to make reference to a related barrier which is even more important. However, the difference is that this barrier exists not in the mind of people, but in the actions of governments.
We have mentioned…
Turkey vs. Singapore - Keynes vs. Free Markets - Part 2 of 2
- Category: Free Market
- Hits: 1514
User Rating: 0 / 5
UNEMPLOYMENT
This entry shows, in essence, the amount of people that could work but are unable to find work. Take a look at the overall trends (i.e. the black lines)
As you can see, despite the Turkish government exercising all the key controls over their economy and despite debasing their currency and spending their unemployment level continues to rise. Why? How is this even possible? According to Keynes this can't…
Turkey vs. Singapore - Keynes vs. Free Markets - Part 1 of 2
- Category: Free Market
- Hits: 1615
User Rating: 0 / 5
Over the last few days we published the articles Turkey - A Study In Keynesianism and Singapore - A Study In Free Markets where we provided an insightful, in-depth and comprehensive analysis of the methodologies and consequences of following the Free Market philosophy or the Keynesian non-philosophy.
Really?
No. Not really.
We simply took one real-life example of each method and showed you what happens in real life, redundantly redundant.
Today, in…
Singapore - A Study In Free Markets - Part 2 of 2
- Category: Free Market
- Hits: 2178
User Rating: 0 / 5
THE EXPLANATION
In order to understand what's going on, we must submerge ourselves deeper into data. For that, we have prepared the following chart which plots the debt chart above (as %GDP) as well as the percentage growth YOY (year over year) of the GDP per person corrected for inflation but not for public debt.
We know.
This is difficult to take in, but don't despair. Allow us to simplify.…
Singapore - A Study In Free Markets - Part 1 of 2
- Category: Free Market
- Hits: 1543
User Rating: 0 / 5
Last week we published the article Turkey - A Study In Keynesianismin which we highlighted the Turkish economy as an example of Keynesianism and the consequences it brings. Today we are going to contrast that study with its opposite, a study of an example of Free Markets… And herein lays the problem. There are no free markets. As such we need to pick a country, any country, which is as…
