Monty Pelerin's World ► Economics, Politics and Investing

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Dependents and Dependency

09/10/2021

Do we have designated dependents in this country? Is dependency a goal of government? It is the 21st Century, 150 years after a Civil War… Read More »Dependents and Dependency

Death of Fiat Currency

09/05/2021

The Death of Fiat Currency Rarely is an article so thorough and well presented as this one by Alasdair Macleod below. It is a tour… Read More »Death of Fiat Currency

Victor Davis Hanson — Victimizers Quickly Become Victims

07/16/2021

I call Thomas Sowell a national treasure. His compatriot at the Hoover Institute, Victor Davis Hanson, also deserve for that title. The article below explains… Read More »Victor Davis Hanson — Victimizers Quickly Become Victims

The Black Hole of History

06/05/2021

I am always amazed when nuggets like these appear from the black hole of history. Ronald Reagan, denigrated and disliked by politicians and “elites,” is… Read More »The Black Hole of History

A National Treasure Comments on a Lost Cause

04/21/2021

Thomas Sowell is truly a national treasure. His contributions to economics, history, philosophy and race are monumental and unsurpassed by anyone alive today and most… Read More »A National Treasure Comments on a Lost Cause

The Rush to Vaccines

04/13/2021

Is the rush to vaccines starting to fail? Can anyone be trusted to tell the truth? The piece below is merely one of many, which… Read More »The Rush to Vaccines

Been Played?

03/20/2021

How does this information make you feel? Probably like you have been played! How many annual flu outbreaks “outrank our so-called crisis?” Looks to me… Read More »Been Played?

Tyranny Cannot Be Limited

03/18/2021

Our government has been described as “limited” with respect to its powers. That is no longer meaningful. Tyranny cannot be limited! The Founders knew that… Read More »Tyranny Cannot Be Limited

Wealth If You Want It

04/03/2021

I had thought the book “Wealth if You Want It” would be ready to be made available around this date. It is not, although for… Read More »Wealth If You Want It

Financial Bondage

01/31/2021

I am nearing completion of a self-help book that explains the principles of wealth creation. How that relates to financial bondage is explained below. First,… Read More »Financial Bondage

People Pushed Again Toward Revolution

01/06/2021

In a recent post it was suggested that the Kraken was on his way. The Kraken , in this case, referred to the US citizenry.… Read More »People Pushed Again Toward Revolution

The Kraken is Us

01/04/2021
1 Comment

Sydney Powell made famous the mythical beast known as the Kraken. But thus far Sydney Powell’s kraken has been a no-show. That is about to… Read More »The Kraken is Us

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Our tradition is one of protest and revolt, and it is stultifying to celebrate the rebels of the past while we silence the rebels of the present.
Henry Steele Commager
The excellence of the gold standard is to be seen in the fact that it renders the determination of the monetary unit’s purchasing power independent of governments and political parties.
Ludwig von Mises
Democracy is being allowed to vote for the candidate you dislike least.
Robert Byrne
If it were really possible to substitute credit expansion (cheap money) for the accumulation of capital goods by saving, there would not be any poverty in the world.
Ludwig von Mises
Taking the State wherever found, striking into its history at any point, one sees no way to differentiate the activities of its founders, administrators and beneficiaries from those of a professional-criminal class
Albert J. Nock
Everything will get better: I'll bet on it
Julian Simon
Regarding today's stock market, keep your expectations low and your stops high.
Monty Pelerin
It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.
Thomas Sowell

"Try this thought experiment. Pretend you're a tyrant. Among your many liberty-destroying objectives are extermination of blacks, Jews and Catholics. Which would you prefer, a United States with political power centralized in Washington, powerful government agencies with detailed information on Americans and compliant states or power widely dispersed over 50 states, thousands of local jurisdictions and a limited federal government?"
Walter E. Williams
There must be no barriers to freedom of inquiry. There is no place for dogma in science.
J Robert Oppenheimer
Austrian economics is free market economics in this very positive sense, and for good reason: in order to understand how an economy (specifically, markets) functions, one must first establish which processes are innate to markets and how they work. Only after this has been established can one introduce (theoretically) exogenous influences such as institutions (including but not exclusively interventionism).
Per Bylund
Inflation is taxation without legislation.
Milton Friedman
Economic science has shown that a modern industrial economy cannot survive indefinitely [under] draconian conditions. A modern industrial economy requires a vast network of free-market exchanges and a division of labor, a network that can only flourish under freedom.
Murray Rothbard
In order to become the master, the politician poses as the servant.
Charles DeGaulle
[On ancient Athens]: In the end, more than freedom, they wanted security. They wanted a comfortable life, and they lost it all – security, comfort, and freedom. When the Athenians finally wanted not to give to society but for society to give to them, when the freedom they wished for most was freedom from responsibility, then Athens ceased to be free and was never free again.
Edward Gibbon
Crowds are somewhat like the sphinx of ancient fable: It is necessary to arrive at a solution of the problems offered by their psychology or to resign ourselves to being devoured by them.
Gustave Le Bon