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Today’s Contemplation: Collapse Cometh XXXVI–On Narrative Control and ‘Fact Checking’

December 5, 2023

Today’s Contemplation: Collapse Cometh XXXVI December 21, 2021 Tulum, Mexico (1986) Photo by author On Narrative Control and ‘Fact Checking’ One of the areas of interest for me as I weaved my way through my ten years of formal post-secondary education (yes, I spent the entire decade of the 1980s pursuing four degrees at several different universities; […]

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Today’s Contemplation: Collapse Cometh XXI–Loss of Trust in Government: A Stage of Collapse

October 24, 2023

Today’s Contemplation: Collapse Cometh XXI June 16, 2021 Tulum, Mexico (1986) Photo by author Loss of Trust in Government: A Stage of Collapse Today’s contemplation is prompted by an online media article that argues for cancelling Canada Day, our national ‘celebration’ for the day the nation state of Canada was ‘born’ (July 1, 1867). I raise […]

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Do Conspiracies Really Exist? Murray Rothbard Thought So

Do Conspiracies Really Exist? Murray Rothbard Thought So It is also important for the State to inculcate in its subjects an aversion to any “conspiracy theory of history;” for a search for “conspiracies” means a search for motives and an attribution of responsibility for historical misdeeds. If, however, any tyranny imposed by the State, or […]

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What is the Relation Between Supply and Demand for Money?

November 14, 2018

WHAT IS THE RELATION BETWEEN SUPPLY AND DEMAND FOR MONEY? For most economists there is the need to keep the so-called economy along the path of a stable economic growth and a stable price inflation. One of the reasons for the possible deviation of the economy from the stable growth path is a change in […]

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Misesians gather as ghost of dead economist haunts the planet

November 1, 2018

Misesians gather as ghost of dead economist haunts the planet Growing stock market volatility is increasingly reminding investors of downturns that twice crashed valuations by more than 50% since the turn of the century. Many Americans remain perplexed as to why the economy appears to teeter perennially on the brink. A small group of radical […]

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Statistical Analyses and Facts of Reality

October 24, 2018

STATISTICAL ANALYSES AND FACTS OF REALITY According to modern economics, various ideas that we have established about the world of economics emanates from historical data. By inspecting the data, an economist forms a view regarding its behavior. As long as the theory seems to explain the data, it continues to be regarded as valid. Once […]

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Political Corpses as Propaganda Props

September 3, 2018

Political Corpses as Propaganda Props The week-long deification of the late John McCain was quite the deep-state performance: Three “state funerals”(in Phoenix, D.C., and Annapolis) accompanied by the constant clucking of the “mainstream” media about how the epitome of a deep-state insider — son and grandson of U.S. Navy admirals, mass murderer of Vietnamese peasants, […]

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Krugman Dismisses That an Increase in Money Supply Causes Inflation

KRUGMAN DISMISSES THAT AN INCREASE IN MONEY SUPPLY CAUSES INFLATION In the New York Times article on March 27, 2018 – Immaculate inflation strikes again – Paul Krugman argues that those economists who are of the opinion that the key factor that causes inflation is increases in money supply are very wrong. According to Krugman, […]

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Is the Fall in Prices Bad News?

January 23, 2018

IS THE FALL IN PRICES BAD NEWS? Contrary to the popular way of thinking, we suggest that there is nothing wrong with declining prices. What signifies industrial market economy under a commodity money such as gold is that prices of goods follow a declining trend. According to Joseph Salerno, In fact, historically, the natural tendency […]

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America’s Great Depression and Austrian Business Cycle Theory

January 10, 2018

AMERICA’S GREAT DEPRESSION AND AUSTRIAN BUSINESS CYCLE THEORY When Murray Rothbard’s America’s Great Depression first appeared in print in 1963, the economics profession was still completely dominated by the Keynesian Revolution that began in the 1930s. Rothbard, instead, employed the “Austrian” approach to money and the business cycle to explain the causes for the Great Depression, and […]

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America’s Great Depression and Austrian Business Cycle Theory

December 27, 2017

America’s Great Depression and Austrian Business Cycle Theory The capitalist system is a great engine of human prosperity. When Murray Rothbard’s America’s Great Depression first appeared in print in 1963, the economics profession was still completely dominated by the Keynesian Revolution that began in the 1930s. Rothbard, instead, employed the “Austrian” approach to money and […]

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‘Patriotism’ and Manipulation of it by the State

September 30, 2017

‘Patriotism’ and Manipulation of it by the State The notion that we must ‘support our troops’, that we must be ‘patriotic’ towards our nation state and its military because they are fighting for our freedoms and democracy is at a minimum misguided and more egregiously a manipulated conditioning by the state. The idea that military […]

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What Should Be the Correct Money Supply Growth Rate?

WHAT SHOULD BE THE CORRECT MONEY SUPPLY GROWTH RATE? Most economists believe that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money, which must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and […]

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Money Creation and the Boom-Bust Cycle

January 11, 2017

Money Creation and the Boom-Bust Cycle A Difference of Opinions In his various writings, Murray Rothbard argued that in a free market economy that operates on a gold standard, the creation of credit that is not fully backed up by gold (fractional-reserve banking) sets in motion the menace of the boom-bust cycle. In his The Case […]

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Expectations and Business Cycles

December 16, 2015

Expectations and Business Cycles According to the Austrian Business Cycle Theory (ABCT) the artificial lowering of interest rates by the central bank leads to a misallocation of resources because businesses undertake various capital projects that prior to the lowering of interest rates weren’t considered as viable. This misallocation of resources is commonly described as an […]

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