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“Populist beneficence — using funds taken from the populace via taxation and/or inflation — is a favorite tactic of authoritarian and “banana republic” governments the world over.” ~ Raymond Niles
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“How a casual reference to a common and widespread conceptual tool from economics can be contorted into a conspiratorial design for malice by persons who present themselves as intellectual elites but lack familiarity with the subjects of their frenzied imaginations.” ~ Phil Magness
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“Many of the extraordinary policies we see governments wielding right now are not as unprecedented as some commentators may think.” ~ Joakim Book
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It has become common, in times of crisis, to ask: what will the government do to fix this? And there is certainly a lot that state and federal governments can do. The lesson I hope we will learn from this pandemic, however, is that there is much that can be accomplished locally as well.
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The world in which we presently live, unfortunately, demonstrates that we are still far from fully being those human beings developed in their character and senses of right and wrong to properly understand and defend our own freedom and that of others, as well.
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It took only 100 days to asphyxiate the world economy and the suggestion of possible sickness to render a nation once characterized by rugged individualism, personal liberty, bravery and industry into house-bound milksops.
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All leaders, not just generals, tend to fight the last “war.” All readers of Hayek know why: they feel compelled to promulgate a response but lack sufficient information to make optimal decisions.
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We should be concerned with truth and validity, not the expediency of to what democratic public opinion seems to confine discussion of a free society at a moment in time.
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For all our progress, it is important to remember that critics and regulators have still won a lot of battles. They could win more.
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Being correct about events in financial markets requires you to be qualitatively correct about the direction — the “what” — as well as financing your errors about the “when.”
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In the debates over wealth inequality that have followed the publication of The Triumph of Injustice (authored by Emmanuel Saez and Gabriel Zucman), there have been intense discussions of the methodological choices made in the book. There have been few …
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The city of money no longer includes the best, the largest, or the most innovative banks, but finance still runs deep in Edinburgh’s blood.
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