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Given that so much of the world is in the grip of false ideologies, what can we do? Mises says that the answer does not lie in international organizations or treaties.

“It is futile to place confidence in treaties, conferences, and…bureaucratic outfits."

A store of value is not necessarily a medium of exchange, and in our current fiat money system, gold is not money. But it has most of the desirable properties of money, and there is much to learn form the process of how it became money in the past.

"We find no clear, significant beneficial effect of [lockdowns] on case growth in any country….In none of the 8 countries and in none out of the 16 comparisons [examined] were the effects of [lockdowns] significantly beneficial."

Both theory and the empirical research shows a competitive marketplace is incongruous with racism, but the Left insists capitalism is "inherently" racist.

Is freedom anything else than the right to live as we wish? Nothing else. (Epictetus)

On Thursday, the Nasdaq Composite rose more than 0.5% to a record high, yet fewer than 45% of securities on the Nasdaq exchange advanced. That's only happened 9 other times in the past 35 years.

Confidence abounds across markets, not just in stocks. Commodities and industrial metals have seen outsized optimism as well. Bets on copper are now among the highest in 25 years.

There is a high positive correlation between commodity markets and emerging market stocks, and the rally in the former has coincided with one in the latter.

Bloomberg's proprietary Fear/Greed indicator is now in the danger zone for emerging stocks.

Optimism does tend to percolate when a market has suffered only 2 losing weeks in 4 months.

Oj vad spännande det är!


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