2011 documentary by Johnson & Johnson heir Jamie Johnson about wealth disparity in the US. There is an unflattering interview with Milton Friedman in there, along with a clip with Warren Buffet’s grand-daughter which paints the folksy billionaire in a not-so-benevolent light.

At the end of the day, this is where a jerry-rigged cronyist system gets you to, a hockey-stick shaped graph of wealth distribution with a protected aristocracy at the top.…

Being a contrarian is never glamorous. Even the word itself seems to be ostracized by the various word processor dictionaries as I’m often used to seeing it underlined with red dots signifying a spelling error when I type it online.

Wikipedia defines a contrarian as “a person who takes up a position opposed to that of the majority, regardless of how unpopular it may be.”…

In response to Joe Weisenthal’s utterly moronic “Two Most Stunning Things About The Movement To Mint A Trillion Dollar Coin” over on Business Insider, isn’t (as Joe Weisenthal asserts) that:

Despite the supposed absurdity of it, and despite the fact that it flies in the face of everything everyone thinks about money, there are virtually no good arguments against it.

For some reason I’ve always had a soft spot for Adbusters, despite the obvious socialist leanings. Probably because they are aligned against the same forces we here at Wealth.net are: the monetary elite and the crony capitalists. Further, the “anarcho” part of us anarcho-capitalists means that other people can subscribe to whatever kind of social(ist) structures they want.…

The first thing about modern markets, the thing that must never be forgotten, is that most of the “trading” which goes on in them is untouched by human hands – or brains. To an overwhelming extent, modern markets are “automated”. By “automated” we mean that at least eight out of ten (some estimates put the ratio higher) of all transactions are controlled exclusively by means of computers and the programs built into them.…