Author's posts
Jul 09
Britain proposes fiscal restraint
Socialism is a curse that should be wished only on one’s enemies. Any society that embraces it will become sick and weak. In the wake of the default of Greece and the loss of one-third value of the Chinese stock market, world financial advisers appear to be proposing some rare fiscal restraint. In Britain, the …
Jul 08
Rousseau: Only those who “seek command” can be reduced to obedience
The great Enlightenment writer and thinker Rousseau once wrote in his DISCOURSE ON THE ORIGIN AND FOUNDATION OF INEQUALITY that “[I]t is very difficult to reduce to obedience one who does not seek command.” In order to be free, in order not to be a slave, one must first renounce the desire to be a …
Jul 08
Economies are being corrected around the world
Ludwig Von Mises was one of the most far-thinking and insightful economic thinkers in history. Mises studied the economy of Russia when communism was riding high; and Mises concluded it was only a matter of time before its Soviet economy melted down. Mises correctly calculated that below-natural-interest-rate lending by government central banks created unhealthy business …
Jul 07
Chinese Government-Owned Newspapers Telling Readers: “Don’t Panic!”
Here’s a tip: When governments give investment advice, you should generally do the very opposite. Governments worldwide are gorged on massive debt and teetering from decades of Keynsian economics. There is not a currency on earth that is backed by anything but paper. Now the government-owned newspapers of China are loudly telling readers not to …
Jul 07
Analyst: To become a “one percenter,” get into heavily-regulated industries!
Analyst Sam Wilkin, who studies the habits of the super-rich, was interviewed for an interesting piece in THE TELEGRAPH. Read it here. Having studied the habits of billionaires and “one percenters” for years, Walkin offers a list of seven general principles for becoming super-wealthy. The most interesting tip–6th among the 7 appearing near the end …
Jul 05
YES, THE GREEK GOVERNMENT HAS AN OFFICIAL PLAN TO RAID THE SAVINGS ACCOUNTS OF ITS SUBJECTS TO PAY FOR ITS EXTRAVAGENT SPENDING
Socialism is a curse we should wish only on our enemies. Any society that embraces it will become sick and weak. You know you are a prisoner—or a slave—when your prison administrators can reach out and rob your savings account to pay for their lavish lifestyles. It appears that backroom deals being negotiated by bankrupt …
Jul 05
Obamacare Causing 20- to 50-Percent Annual Insurance Rate Increases.
If Americans only had the courage to do nothing, and unleash the power of capitalism on health care, prices would come quickly down so that the poorest consumers could afford quality health care. Hobos, bums and vagabonds could afford quality health care if the government got out of it. Just look at the telecommunications industry …
Jul 04
Rising atmospheric carbon dioxide levels are bolstering plant life worldwide.
Forget what you may have heard from your teacher, your professor, your politician or your pope. Rising CO2 levels in the atmosphere are greening the planet–not desertifying it. Environmental scientists report in a newly published peer-reviewed study that satellite measurements of global plant life contradict assertions by governments that global warming is causing deserts to …
Jul 04
Professor: Jail Climate Skeptics
Professor Lawrence Torcello an assistant professor of philosophy at Rochester Institute of Technology, has called for the arrest and prosecution of doubters of the government’s manmade-carbon-dioxide-driven-global-warming hysteria. Torcello says there is “an organised campaign funding misinformation” regarding climate change which “ought to be considered criminally negligent.” See here. Torcello is not speaking of the well …
Jul 04
The Average Retiring New York Firefighter Costs Taxpayers About 2 Million Dollars.
Today’s federal and state government employees are often lavished with luxurious pensions and salaries. In many counties, the largest and most expensive mansions are owned not by business leaders but by government employees. New York City firefighters are greatly overpaid. And when they retire, a very high percentage (80 percent or more) declare they are …
