Monty Pelerin's World

Economic Adjustments

economy, Government Tagged with: claude rains, economy, Government Numbers, Pretence

Jul 312010

I am shocked, shocked! Just as Claude Rains was in Casablanca. That is my reaction to Mish’s post regarding revisions in government numbers: The BEA has finally admitted something anyone with a modicum of common sense already knew: The recession

The State Against Blacks and Other People

Econ 101, economy, employment, Government, Williams Tagged with: Central Planners, Dr Walter Williams, Economic Insights, Economics Course, Elementary Economics, Pbs Series, State Against Blacks, video

Jul 312010

Many years ago Dr. Walter Williams wrote a book entitled The State Against Blacks. It was a book that I believed would be excellent required reading in an elementary economics course. I especially thought this for the brief time when

An American Future: Introduction

AmericanFuture, economy Tagged with: American Future

Jul 302010

I am very pleased to present a guest post from Kevin at 20smoney.com. Kevin brings a different perspective than I. He is much younger and just starting his journey into a career. I am impressed by his knowledge and commitment.

Our Feckless President

humor

Jul 302010

From lucianne.com: Share/Save Download article as PDF

Another Comparison to Rome

History, Insolvency Tagged with: Decline of Empire, Domestic Corporations, Rome, Social Disintegration, Superpower Status, Uncanny Resemblance, Washington

Jul 302010

Rocky Vega opines on the Daily Reckoning about the similarities of Washington and Rome. How Washington is Far Worse off Than Rome by Rocky Vega While there have been many comparisons of how the US’ current descent from its solitary

Jul 292010

The “Pretence of Knowledge” was the title of economist Friedrich Hayek’s 1974 Nobel speech. In his first few sentences, he described the then-prevailing economic condition in words appropriate to today: … [this economic condition] has been brought about by policies

What Recovery?

economy, Media Tagged with: Consumer Confidence Index, Fullcourt Press, James Quinn, Joe Isuzu, Keynesian Theory, Lack Of Confidence

Jul 292010

If you are old enough to remember the Joe Isuzu commercials, then you will realize what the media full-court press is attempting. Of course, Joe was great fun while our media desperately want you to believe there is a recovery.

Likely Government Revenue Raising Measures

Favorites, Government, Insolvency, taxes Tagged with: Class Warfare, Deficit Problem, Insolvency, IRA, National Sales Tax, Revenue Increases, Underground Economy

Jul 292010

I am not endorsing revenue increases for the government. My position is for government spending cuts, a lonely preference in terms of Washington-think. Washington’s Pavlovian response, always, is that more revenue is required. That is the response for government all

A Political Activist

all other, humor, politics Tagged with: Big Picture, Concerned Citizen, Political Activist

Jul 292010

A likely accurate representation of what might be called a “political activist.” This “concerned citizen” leads a useless existence, at least with respect to effecting change in what matters to him. From The Big Picture via via Windowless Van: Share/Save Download article

Repent: The end is near

economy, ethics, Favorites, Government, law

Jul 282010

It was a lazy afternoon. At least it was until I came across a blog by Mish. There was little in the post that I didn’t know or suspect, but this quote triggered a reaction: “It hides the economic substance

The Economics of Obamacare and Obama

economy, healthcare Tagged with: American Association Of Medical Colleges, American Osteopathic Association, Cookbook Medicine, Disincentives, economy, Future Health Care, Medicare Patient, Obamacare, Orange County Register

Jul 282010

The article below was posted by An Objectivist Individualist. It is interesting on two levels. First, it clearly shows the adverse impact of ObamaCare on your future health care. Second, while dealing with healthcare, it is a perfect example of

More on Rome

Government, History, law Tagged with: American Principle, Democracy In Athens, Fall Of Rome, Liberty And The Pursuit Of Happiness, Life Liberty And The Pursuit Of Happiness, Teddy Roosevelts

Jul 282010

Two immediate responses on the previous post regarding Rome are worthy of special attention. The first by Charles Anderson from whose excellent website The Objectivist Individualist most of the material was obtained. [Correction: The original material was from 20smoney.com ]

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Random Favorites

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Random Quotes

A half-truth is equivalent to a half-virgin. Neither one exists! Monty Pelerin
Intellects whose desires have outstripped their understanding. Friedrich Hayek
Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies, The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for own good will torment us without end, for they do so with the approval of their own conscience. C.S. Lewis
History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government. Ludwig von Mises
Let freedom reign. The sun never set on so glorious a human achievement. Nelson Mandela
Every man is equally entitled to protection by law; but when the laws undertake to add… artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society -- the farmers, mechanics, and laborers -- who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their government. Andrew Jackson

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