Black Swans

Impossibilities, Discontinuities and Black Swans

February 8, 2012

What if the following quote from Steve St. Angelo is correct? For the most part, Americans are completely oblivious of just how close the country is to a total disintegration of its fiat monetary system. As I mentioned in the… Read More »Impossibilities, Discontinuities and Black Swans

The Black Swan Armada Approaches

June 28, 2011June 27, 2011

The term “black swan” owes its popularity to Nassim Taleb. According to Wikipedia, a black swan is a metaphor that encapsulates the concept that The event is a surprise (to the observer) and has a major impact. Black swans are not… Read More »The Black Swan Armada Approaches

It is Impossible for this to be a Depression

May 29, 2010September 11, 2011

Our government and their esteemed economists tell us that we are coming out of the recession. Using their statistics, they claim we are on our way to economic recovery. According to them, there is no possibility of a double-dip or… Read More »It is Impossible for this to be a Depression

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes
Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.
Milton Friedman
The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government.
Milton Friedman
It will be found an unjust and unwise jealousy to deprive a man of his natural liberty upon the supposition he may abuse it.
George Washington
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
Alexander Hamilton started the U.S. Treasury with nothing, and that was the closest our country has ever been to being even.
Will Rogers
... every time the privilege of a subsidy is granted to a certain individual or group, someone else\\\'s right to their income is destroyed to pay for it. Every time the privilege of an affirmative action quota is granted to a minority group, someone else\\\'s right to free association is destroyed to implement it. Every time the privilege of price controls is established for certain corporations, someone else\\\'s right to trade freely is destroyed in the process.
Nelson Hultberg
Whoever thinks a faultless Piece to see,
Thinks what ne'er was, nor is, nor e'er shall be.
Alexander Pope