I found this in a comment on youtube:
One negative of capitalism is it requires cyclical consumption, corps have to reproduce the same junk over and over with minor changes just to keep it going.
Another is ‘technological unemployment’, meaning machines take jobs and there are NO replacements. So everyone without work is just supposed to die.
The[se] [...]
Will somebody please tell me why this guy is wrong?
Whenever I hear him talk about the fiat monetary system heading for the tubes, I get this incredibly strong urge to go buy more gold. I think I could use some balance in my perspective! What’s the best fundamental, rational argument for why we’re not headed [...]
I was listening to Principles of Economics on Librivox recently and was delighted to hear this little gem:
Man cannot create material things. In the mental and moral world indeed he may produce new ideas; but when he is said to produce material things, he really only produces utilities; or in other words, his efforts and [...]
From a recent Daily Reckoning article:
“If you had purchased $1000 of shares in Delta Airlines one year ago, you would have $49.00 today.
“If you had purchased $1000 of shares in AIG one year ago, you would have $33.00 today.
“If you had purchased $1000 of shares in Lehman Brothers one year ago, you would have $0.00 [...]
As tax season rolls around again, it’s a great opportunity for principled libertarians to carefully consider their relationship to taxes. I like to compute the percentage of my income that goes to taxes. For most working people, that’s somewhere between 25 and 40 percent or more (not including sales taxes). When you get on up [...]
I’ll warn you up front: I don’t have anything useful to write today, but I’m writing anyway. There, now it’s not my fault if you keep reading.
Here are the highlights from a few of the articles I read today.
From Money and Our Future, by Lew Rockwell:
The government today is marshaling every resource and every means [...]
I had the pleasure of seeing James Grant of Grant’s Publication give a talk over the summer, where he stated something to the effect of “banking will still be profitable in the future.” His point was, bank stocks have been getting sold like crazy, and at some point they’ll probably be oversold and undervalued, [...]
Here is the source for a lot of what I’m reading on the bailout. It’s the most consistent explanation I’ve come across. It breaks things down without getting caught up in fuzzy abstract things that are all mysterious.
Warning: you may find that reading this carefully and with an open mind is a lot like taking [...]
On the way home tonight I passed by the local Washington Mutual branch. It was late, so it was closed of course, and there was this memorial someone had constructed on the corner of the building, complete with candles and personal messages. I thought it was pretty funny.
The active approach
diving in and out
trying to get ahead
sometimes it works
sometimes it fails
sometimes it fails badly
The passive approach
staying the course
accepting the status quo
symbiotic
active ones maintain
balance
passive ones maintain
sanity
indistinguishable
when the shit
hits the fan