A bunch of bureaucrats at the utterly pathetic Ministry of Finance have come up with a draft bill basically banning any economic activity using bitcoin or other cryptocurrencies. Well, good luck. It might be hard for these bureaucrats and ministers to get this in their heads, but we repeat: SIMPLE ENCRYPTION 1 = message 4... Continue Reading →
Tom Woods : SJWs Say They’re Saving Bangladeshi Kids, and Accidentally Starve Them
From Sane Space : Libertarian Dispatches From Bizarro America In response to something I'd written about labor unions, a critic started badgering me about child labor. What a terrible feature of capitalism, he said. No, it was a terrible feature of all of world history, I replied. Thank goodness for people who passed laws against... Continue Reading →
Mises India : Behavioral Economics is the New Excuse for Modi’s Tyranny
By Madhusudan Raj on Mises India Chapter 2, Vol I of the Economic Survey of India 2018-19 begins with this title: Policy for Homo Sapiens, Not Homo Economicus: Leveraging the Behavioural Economics of “Nudge”. It starts with the following Sanskrit stanza: We cannot rely totally on rational thinking to gain information, as it is not... Continue Reading →
Gold Smuggling to India & Japan is a Symptom of Governments’ War on Gold
From BullionStar.com on Zerohedge Smuggling gold to India and Japan has become a lucrative business for many dealers and middlemen across Asia. It is widely known that demand for physical gold by Asian populations is insatiable. From the estimated 25,000 tonnes of gold held by India’s population to the more than 20,000 tonnes of gold calculated to be held... Continue Reading →
Fiat money is more inflationary than you think
By u/Zladtmohican1 on Reddit Listening to the Fed chair speak today has helped me organize this thought I have had for awhile. We know that USD and all fiat currencies are inflationary, but many people do not understand to what degree when you account for deflation. We live in a deflationary world. Deflation defined here... Continue Reading →
Inconvenient Energy Realities
By Mark Mills on Economics21.org The math behind “The New Energy Economy: An Exercise in Magical Thinking” A week doesn’t pass without a mayor, governor, policymaker or pundit joining the rush to demand, or predict, an energy future that is entirely based on wind/solar and batteries, freed from the “burden” of the hydrocarbons that have... Continue Reading →
