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“The full spirit and many of the practical steps that Manne recommended to business people nearly 50 years ago as rational responses to the unwarranted hysteria over fuel shortages apply today to the unwarranted hysteria over Covid-19. Today, I recommend such resistance, and not only by business people, but by all individuals.” ~ Donald J. BoudreauxREAD MORE
“The flash mobs, coordinated as they are by social media, have created disturbing and disruptive bubbles and may continue to do so. Bitcoin is probably not in a bubble. Above all, let’s not forget the ominous longer-term debt bubble.” ~ Warren C. GibsonREAD MORE
While data, statistics, historical allusions, and appeals to morality all demonstrate the disastrous nature of lockdowns, none show the devastation as vividly as personal stories from those suffering the most. In the second part of this series, we continue our interviews with working New Yorkers and found the situation to be just as suspected: businesses on the brink of shutting down for good, students struggling to learn, and unmatched frustration.READ MORE
“Efforts to create stability without collateral are ambitious. The evidence that Empty Set Dollar and Dynamic Set Dollar have provided over the last few months suggests they are too ambitious. An algorithmic stablecoin only works so long as its users’ self-referential beliefs persist.” ~ J.P. KoningREAD MORE
“Higgs’s virtuosity as an economic historian stems from clear and careful analytical thinking combined with an understanding of what the state is and what the state is not. He is not a romantic about war and the state, to put it lightly, and he has never shied away from calling a government exactly what it is: an organization that gets what it wants by threats and violence.” ~ Art CardenREAD MORE
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