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Fredag 26 april 2019
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2019-04-15

A tall order

A tall order (men tankestimulerande).

VECKANS MISES
What the international trade and monetary system needs in order to grow healthy are free markets, sound money, and entrepreneurs to maintain, accumulate, and employ capital for best satisfaction of consumers around the world.

Thanks to entrepreneurs, markets are dynamic and constantly expanding. Attempts by governments to manage prices through the bureaucracy are sure to hinder this dynamism and drive to serve customers. 

Objective reporting in journalism has always been based on a myth. Happily, the facade of objectivity is now breaking down.

Being resentful about a business transaction after the fact isn't the same thing as being exploited or abused. 

The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.  

Equalization of incomes can be accomplished only by moving down the road toward serfdom. 

American politicians used to "think big." Americans nowadays seem to have lost their enthusiasm for that sort of thing. And that's a good thing. 

The Fed has given up on "normalizing" monetary policy, and it's going to keep on with its ultra-low-interest-rate policy which has led to growing inequality while also failing to drive much growth.

The effects of inflationary currency are not limited by government borders.

By tinkering with interest rates, central banks tinker with the way human beings see the present and the future, and their value systems overall.

MMT basically holds that governments have control of unlimited amounts of real wealth — thanks to money-printing power. But if this were really true, countries like the USSR and North Korea could simply create money until they became wealthy nations. 

When debt turns to junk, ETFs and institutional holders will desperately be looking to sell at any price.

When a capitalist invests in a business — thus increasing worker productivty and earnings — he's performing a humanitarian service to the community. 

Bastiat’s great themes — harmony rather than equilibrium, property versus spoliation, and property and value — have been almost completely neglected in professional economic science during the unfortunate twentieth century.

It doesn't look like French populism is going away, and this may be an opportunity to finally chip away at the country's paralyzing bureaucracy.

Only Capitalism Will Save the Millennials

The endpoint of the existing system of party democracy, social welfare, and state capitalism is state bankruptcy, misery, and suppression.

Some pseudoeconomists thinks its enough to look at data in order to understand the economy. But without theory, how should the data be interpreted?

A tall order (men tankestimulerande)

Trevlig vecka, 

 
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