Igor Pararin has been in the news a lot the past two months for his remarks on the breakup of the United States. The recent report in the Wall Street Journal expands on Igor’s previous comments and sets his prediction for 2010 when the USA will finally collapse.
In September 1998, he attended a conference in [...]
Filed under: Culture, Economics, Economy, Geopolitics, History, Philosophy, Politics, Religion | Tagged: John Stuart Mill | 7 Comments »
I’m assigning some assigned reading on a way of thinking that was put forward by the Frankfurt School called Critical Theory. The Wikipedia articles give some insight into the main goals of the neo-Marxist ideas, but what people need to understand is how these have contributed to reshaping the culture of the West since the [...]
Filed under: Economics, Economy, Philosophy, Politics, Republicans | 1 Comment »
The really serious problems being decried in the current economy include:
People reducing their debt too much
People not doing enough Christmas shopping
People replacing the big ticket items (cars, major appliances, etc.) less frequently
People going for safer investments
People shopping at the discount stores rather than the mall stores
Call me a radical, but I used to call that [...]
Filed under: Economy | No Comments »
Today’s stock market rally was predicted by blogger Vox Day last week. I have read his blog occasionally for the past few years but only recently did I start seeing posts about Austrian economics and notice that he really does understand how the market works. The truth is the market has a long way to [...]
Filed under: Economics, Economy, History, News, Philosophy, Politics | 8 Comments »
A great article on the real meaning of Thanksgiving:
The less industrious members of the colony came late to their work in the fields, and were slow and easy in their labors. Knowing that they and their families were to receive an equal share of whatever the group produced, they saw little reason to be more [...]
Filed under: Economics, Economy, History, News, Philosophy, Politics | 2 Comments »
The government just promised $7.4 trillion dollars to bail out the financial mess. The government is already in debt. The bailout was already unaffordable. We are already teetering on the brink of destruction. Are our government officials trying to bring us down as fast as they can?
This number is staggering. Our entire “national debt” is [...]
Filed under: Economics, Economy, Politics | 5 Comments »
Ludwig von Mises wrote in 1931 a little essay on the causes of the economic crisis. It is perfectly applicable to today. Read it here.
The most telling part is to read the Role of Interest Rates section. Parts II and III are the most important to understanding why we are in the situation we have [...]
Filed under: Economics, Economy, Politics | Tagged: economic crisis, Interest Rates | No Comments »
Deflation is not the evil people and economists make it out to be. The same economists who say “inflate, zero percent interest rates now!!” are the ones who said everything was perfect in the economy during the 2003-2005 period.
The market is demanding inflation because the money supply has been too large. The supply of money [...]
Filed under: Economics, Economy, History, Philosophy, Politics | Tagged: Deflation, inflation | 2 Comments »
There are supposed to be “End the Fed” rallys held all across the United States this Saturday. Whether it will be covered by your local media or not remains to be seen.
Filed under: Economics, Economy | No Comments »
The Federal Reserve is the private central bank established by Congress in 1913. The Federal Reserve is often touted as the great savior of society—we’ve heard it called the “lender of last resort” or the “price stabilizer”, or perhaps the organ of the government that “controls inflation.” It is true that it is the heart [...]
Filed under: Economics, Economy, Politics | Tagged: Federal Reserve | 7 Comments »
A quarter century of economic growth has been wiped out worldwide in a matter of months.
Car sales at 25 year lows.
Unemployment at 25 year highs.
Retail sales overall at 25 year lows.
Stock markets at 25 year lows.
At every single step the government, businesses and economists have been completely wrong about the depth, breadth and speed of [...]
Filed under: Economics, Economy, Geopolitics, Politics | Tagged: business | 6 Comments »
Filed under: Economics, Economy | 2 Comments »
Murray Rothbard discusses the history of the gold standard before the Civil War.
Filed under: Economics, Economy | Tagged: Federal Reserve, Fractional Reserve Banking, gold standard | 1 Comment »
If anyone is interested in learning a lot about the Depression of the 1930s, the best place to go is to Vox Day’s blog Vox Popoli. He is about to start a systematic study of Murray Rothbard’s America’s Great Depression. I followed along with his last long on Thucydides’ history of the Peloponnesian War.
Keep visiting [...]
Filed under: Economics, Economy, Politics | No Comments »
Peter Schiff is dead on again.
We need higher interest rates because that is what the market dictates. Allow the market to set interest rates, not the Federal Reserve.
Filed under: Economics, Economy, Politics | 1 Comment »
Now we are seeing the benefits of the recession: $48\barrel oil. It’s at $63 right now and falling. Recessions mean lower prices, unless the government decides it needs to “keep prices high” by inflating (and they are trying to, see the Hinterlands’ latest post).
Filed under: Economics, Economy, Politics | 2 Comments »
In the Bitter Hinterlands the realization that the government is playing the taxpayers has finally begun to sink in with those that have claimed the economic fundamentals were strong. Back on July 3rd, 2008 we posted An Economic Model without the fancy clothes which made the claim that ‘M’ [money] is a liquid acting as [...]
Filed under: Economics, Economy, Election 2008, Politics | Tagged: Federal Reserve | 3 Comments »
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John Stuart Mill on nationality and representative government
This is a chapter from John Stuart Mill’s Considerations on Representative Government, taken from the University of Adelaide Library Electronic Texts Collection. An interesting read and particularly applicable to today’s America.
Chapter 16
Of Nationality, as connected with Representative Government.
A PORTION of mankind may be said to constitute a Nationality if they are united among themselves by [...]
Filed under: Commentary, Culture, Economics, Economy, History, Philosophy, Politics | 1 Comment »