The Fed’s Fatal Conceit

In my experience, the Federal Reserve is guilty of what F. A. Hayek (1989) called “‘the fatal conceit”–that is, the belief that smart people can do the impossible. I don’t care how smart you are or how great your mathematical models are, you cannot coordinate the economic activity of seven billion people on this planet.

The Invisible Hand at Sea

The Azorean case shows that sustainability arises more from local responsibility than from distant centralized control.

Andrew Bernstein’s The Capitalist Manifesto

Andrew Bernstein’s book is “among the best single presentations of the case for capitalism. (It is) amazingly good.” – Harry Binswanger

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Tea Parties, Then & Now

In the past, it was the Boston Tea Party. This was a way for early American citizens to raise a ruckus against the oppression of the British Big Government. Ironically, those same Americans went on to create their own government, checked by a Constitution that would…

Reagan Budget Director Cries Tax The Rich?

On Sunday night, October 31, CBS 60 minutes reported, “David Stockman, Ronald Reagan’s budget director who once preached tax cuts, is now in favor of putting a one-time surtax on the rich.” Mr. Stockman said more. He remarked “both the…

Why Low Taxes are Good for Everyone

?Here are some additional arguments for Republicans seeking to not raise taxes: “The rich” are people too. Your rights don’t arbitrarily end at a certain income level. It’s bad enough that tax rates are higher for people who make more money….

Obama's Dirty Health Care Secret

One of the dirty little secrets of Obama’s health “care” debacle is that Medicare reimbursement rates are set to go down for all health care providers effective December 1. This means that the medical professionals to whom you trust your health, and,…

Why Tax Cuts are Good for Everyone

Here are some additional arguments for Republicans seeking to not raise taxes: “The rich” are people too. Your rights don’t arbitrarily end at a certain income level. It’s bad enough that tax rates are higher for people who make more money….

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