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John Maynard Keynes is the grandfather of all modern mainstream economic thought. Richard Nixon was famously attributed as saying, “We are all Keynesians now” whilst slamming shut the gold window and launching the era of global fiat money. (Nixon didn’t really say this, it was actually Milton Friedman)
The phrase came back in vogue in the aftermath of the Global Financial Crisis when neo-Keynesians like Paul Krugman called for, and got, massive government and Central Bank intervention into the global economy in order to “save it”.…
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Cronyism in the 21st Century
This article originally appeared in The Dollar Vigilante and was soon after run on ZeroHedge.
Gandhi was once asked, “What do you think about Western Civilization?” to which he famously replied “I think it’s a good idea.” He may as well have been talking about free market capitalism.
Capital in the 21st Century has hit the world like a new teen idol sensation.…
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(This is a) Multi Media World
My band, The Parkdale Hookers, just released this video off our new record Echo Bubble Overdrive.
BoingBoing called it “A great punk anthem”. If I get hit by a bus tomorrow I won’t have to worry about “dying with my music inside me”, as this song and the video pretty much says all I have to say.…
Read MoreHow could the destruction of the single, largest chunk of the bitcoin economy be good for bitcoin, and good for free markets?
How can a market value of anywhere between 20% and 30% of the dollar value of entire bitcoin economy going up in smoke prove, finally, beyond a shadow of a doubt that purely free markets, unregulated from government intervention are superior in all ways to government regulated, centrally planned economies?…
Read MoreIt sends a chill down your spine when you hear the news that somebody you had just met at a conference a few months ago, a like minded individual representing a global movement you are in complete alignment with, was just arrested on federal money laundering charges,
The crime? Charlie Shrem, CEO of Bitinstant and Vice Chairman of the Bitcoin Foundation allegedly sold bitcoins to Silk Road users and then they used them to buy illicit drugs.…
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