Harry Binswanger’s How We Know – Epistemology On An Objectivist Foundation (TOF Publications) is aimed at exposing the root causes of bad epistemology, and bringing clarity to the crucial questions: What is knowledge? How is it acquired? How is it validated? To a large extent, the material that Binswanger has presented was originated by Ayn Rand.
The multiplier’s significance to monetary policy is, or used to be, straightforward: it indicated the quantity of additional bank deposits that monetary authorities could expect to see banks produce in response to any increment of new bank reserves supplied them by means of either open-market operations or direct central bank loans.
There is, after all, at least one impulse among humans that’s more deep-seated than their “propensity to truck, barter, and exchange.” I mean, of course, their propensity to let themselves be thoroughly bamboozled.
In their book, Equal is Unfair, Don Watkins and Yaron Brook refute the muddled arguments that are being used to drive the utopian vision of income equality. They apply rigorous empirical validation to essay a devastating assessment of the campaign against income inequality, and they show that inequality is the fundamental by-product of freedom and it is a good thing. They point out that freedom, prosperity, and opportunity aren’t guaranteed for all times, and that if the campaign for income equality succeeds, the impact on the country will be overwhelmingly detrimental.
“It’s a whole other thing if you’re encouraging and cheering on the proposed murder of Americans who are standing in defense of the freedom of speech, and then not doing anything about it. Why did the FBI only have one agent there? And not a team waiting for them to shoot back?”
Government has been the cause of monetary disorder in our society. A free market in money and banking would be the solution to our “age of inflation.” Government central-planning of money has been tried and it has failed. It is now time for monetary freedom to be given a chance.
In economics Hayek is a radical; but in philosophy, unlike Ayn Rand, Hayek is a conservative.
The enemies of capitalism indicted the society of liberty; they distorted the reality of capitalism and its brilliant triumphs in freeing man from poverty; and they imbedded in the minds of many the conception of political entitlements that serve the power ends of political paternalists and which requires the plundering of the peaceful and productive members of society.
What was Khrushchev’s role in Stalin’s mass terror campaigns against the Communist Party members and the general population?
May the Olympic Games always shine as the torchlight of and for the human mind.
The concept “enemy of the people” actually eliminated the possibility of any kind of ideological fight or the making of one’s views known on this or that issue, even [issues] of a practical nature
Free banking and monetary rules were rival ideas for guarding against abuses of discretionary monetary policy, today they are properly seen as complementary schemes, one for improving the performance of the banking system, the other for reforming the base-money regime.
On the Fed’s “instruments of monetary control,” which include devices for regulating the total quantity of bank reserves and circulating Federal Reserve notes, and also for regulating the quantity of bank deposits and other forms of privately-created money that will be supported by any given quantity of bank reserves.
A better alternative, if only it can somehow be achieved, or at least approximated, is a monetary system that adjusts the stock of money in response to changes in the demand for money balances, thereby reducing the need for changes in the general level of prices.
Aiming to establish a classless agrarian utopia where there was complete rejection of capitalism, the Khmer Rouge destroyed all the cities, all the industries, hospitals and schools, and every speck of modernity in Cambodia.