MARKETS

IMF SDRs and The Illusion of Inflationary Prosperity

SDRs are simply a mechanism by which to increase global currencies to meet the demands of governments to spend more than they are able to either collect in taxes or borrow from domestic and international creditors. It is a way for governments to continue to live and spend beyond their means.

Why Do Business Leaders Appease Their Enemies?

Why Do Business Leaders Appease Their Enemies?

The fundamental reason for appeasing the critics of business is that company executives lack the moral argument for defense. As Ayn Rand argues in ‘The Sanction of The Victims,’ most business leaders have accepted the moral code of altruism.

Bitcoin Bests $100,000

Bitcoin Bests $100,000

If Bitcoin is someday supplanted by another digital asset offering indisputable improvements, its foundational role in seeding and anchoring the cryptocurrency asset class — and in driving trillions of dollars of investment into similar and related assets and enterprises — will remain as significant, if not more so, than its contributions to the present.

Free Market Fundamentals and NatCon Inconsistencies

Free Market Fundamentals and NatCon Inconsistencies

Endorsing individuals’ freedom to trade with foreigners is simply of a piece with the more general endorsement of individuals’ freedom to trade with whomever they please, whether fellow citizens or not. The protectionist position, in contrast, invariably relies upon arbitrary distinctions that ensnare protectionists in intellectual and ethical inconsistencies.

No spam. Unsubscribe anytime.

Pin It on Pinterest