VECKA 40
Onsdag
30
September
BT-annons
2020-08-28
photo


Guru Corner
Dr. Copper, Rothbard, marknaden mm.

GURU CORNER
Whether diversity is a social benefit depends on whether it creates excuses to fight each other for special treatment. Politicizing our differences is far more likely to make diversity a source of conflict. 

Our flawed economic measure called GDP leads to a flawed and skewed view of the economy in which consumer spending is the most important metric. 

Entrepreneurs are the reason consumers have come to expect new gains and innovations in products and services every year. Without entrepreneurs, we'd still be using rotary phones. 

Right now, stocks are EXTREMELY overvalued. As in, breaking records. This is one of those rare times when you sell stocks and turn it all into gold.

The demand for goods is not constrained by the amount of money, but by the production of goods and services available to trade for money.

Rothbard argues that egalitarian theory always results in a politics of statist control, because it is founded on revolt against the ontological structure of reality itself. 

The US's enthusiasm for sanctions means Europe is learning the price of doing business with the United States and with the dollar. They're now developing new ways to work around the the US-dominated financial system.

It's a paradox: never before has a government in human history assumed unto itself the power to regulate the minutiae of daily life as much as this one. At the same time the United States is overall the wealthiest society in the history of the world. 

From Jefferson to Madison, and on to Bastiat, Molinari, and Spencer, the "classical" liberals routinely denounced war as the enemy of freedom, prudence, and natural rights. 

The stock market is so important to government finances, if it starts to fall, the Fed will probably prop it up. Same with the bond market.

The asset it’ll sacrifice is the dollar. Trump’s already been advocating for this. And that’s why gold is the correct bet now.

If the small sample size of monetary history is any guide, the combination of asset market crashes and high goods inflation empowers sound money forces in the political arena. At the moment, neither of those factors are in play.

If Chileans are concerned about inequality, real solutions are likely to be found in combating the central bank and other anti-market institutions. 

Traders call copper “Dr. Copper” because he has a Ph.D in economics. In fact, most of the time, Dr. Copper forecasts recessions and recoveries, inflation and deflation, far more accurately than his colleagues in the “dismal science” so it pays to pay attention to his macroeconomic messages. 

 
Göran Högberg

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