State Financing of Hydrogen Refueling Stations for Fuel-Cell Vehicles
By co-signing the loan for FirstElement Fuel Inc., the State of California has undermined prospective competition.
A Monetary Policy Primer, Part 5: The Supply of Money
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.
Speak Loudly and Carry No Stick
Theodore Roosevelt’s famous mantra “speak softly and carry a big stick” suggested that the United States should seek to avoid creating controversies and expectations through loose or rash pronouncements, but be prepared to act decisively, with the most powerful...A Monetary Policy Primer, Part 4: Stable Prices or Stable Spending?
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.
A Monetary Policy Primer, Part 3: The Price Level
What sort of monetary policy or regime best avoids the costs of having too much or too little money?
Businesses Makes the World a Better Place
Every day, businesses make the world a better place to live, profitably, by creating and trading material values, by mutual consent and for mutual benefit. It’s time we’d recognize it and appreciate business people for what they do. Such a cultural change would, in time, create business heroes also in Hollywood movies and spiritual fuel for all of us.
A Post-Brexit World
The recent vote within the United Kingdom to withdraw from the European Union has implicitly once again raised the issue of the right of self-determination through secession. In other words, do individuals have a right to determine under which political authority they shall live and have representation?
VanDamme Academy: A Documentary Project
This video is a glimpse into the world of VanDamme Academy – a world we hope to share even more, in a full documentary.
Defending Free Speech for Businesses
An important aspect of the freedom to exercise reason is the freedom of speech: the liberty to express opinions and to persuade others, whether to advertise one’s products, to raise capital, to contract suppliers, or to recruit employees. Taking this freedom away also severely undermines companies’ ability to create material values.
