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Central Bank “Stimulus” is Really a Huge Redistribution Scheme

Central Bank “Stimulus” is Really a Huge Redistribution Scheme When an economy turns from expansion to contraction there is an order of events. The first signs are an unexpected increase in inventories of unsold goods, both accompanied with and followed by business surveys indicating a general softening in demand. For monetarists, this is often confirmed […]

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The Aristocratic Illusion

The Aristocratic Illusion They’re not as smart as they think they are. If you draw your sustenance from the government—as an employee, contractor, or beneficiary of redistributed funds—the money you receive comes from someone who had no choice whether or not you got paid. Except for those jobs the government mandates, private sector workers’ compensation […]

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Is Capitalism Dead or Merely Dying?

Is Capitalism Dead or Merely Dying?  Alfred Wertheimer Elvis 1956  New Zealand’s new prime minister Jacinda Ardern calls capitalism a blatant failure. Former Greek finance minister Yanis Varoufakis says capitalism is ‘merely’ coming to an end because it is making itself obsolete. Mathematics professor Bruce Boghosian claims that without redistribution of wealth, our market economy […]

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Free Money Leaves Everyone Poorer

Free Money Leaves Everyone Poorer  Destroying Lives BALTIMORE – A dear reader reminded us of the comment, supposedly made by Groucho Marx: “A free lunch? You can’t afford a free lunch.” Groucho dispensing valuable advice     Photo via imdb.com He was responding to last week’s Diary about the national referendum in Switzerland on Saturday. Voters will decide whether to […]

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We need a new economic system

We need a new economic system As the 2016 election begins to come into focus, economic populism appears to be the order of the day. The Center for American Progress, the Campaign for America’s Future and National People’s Action,Hillary Clinton, Bernie Sanders, Bill de Blasio and the Roosevelt Institute have all in the last few months released programmatic calls to action highlighting […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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