Mortgages Limited to 30 years and 50% of salary… more stupidity to come…
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Today the Israeli newspaper Yediot Aharonot reported on the new-and-improved stupidity that the Bank of Israel (a central bank) will impose on unsuspected people, presumably to protect borrowers risks and maintain the stability of banks.
Or more specifically, they are concerned about the continuing rise in housing prices, increase in mortgages and low interest.
Seriously? This is not a joke right? This is real, actual news, right? This guys at the…
Lesson #002 - What is the Master Contract?
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The Master Contract (or MC for short) for the Absolute Austro-Libertarian theory is a small set of rules that form the basis of the Absolute Austro-Libertarian way of life.
Think of it as a Magna Carta or a Constitution with a crucial difference: if one wishes to benefit from all the Absolute Austro-Libertarian system has to offer, one must voluntarily accept the Master Contract.
Let’s be clear and redundant. The Master Contractis a contract.…
Lesson #001 - What is Absolute Austro-Libertarianism?
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But first, a point of order: since Absolute Austro-Libertarianism is quite a long title to type and re-type, in this blog we may simply refer to it as AL.
Absolute Austro-Libertarianism is composed of two parts:
- Libertarianism and
- Austrian Economics
There are literally hundredths of books describing both concepts, but luckily enough, we don’t need them. At their most basic (this is, where it counts) they are quite simple. Let’s…
