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Michael DeVinney

Monster Slayer

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Category: Economics

The Flimsy Foundation

The Flimsy Foundation

Paper money is light.  It’s easy to carry and convenient for large transactions.  Unlike gold, it doesn’t weigh you down … Read the rest

Author Michael DeVinneyPosted on January 4, 2025March 21, 2025Categories Economics, Inflation, Money, Statism1 Comment on The Flimsy Foundation

The Illusion of Value

The Illusion of Value

Resistance to direct taxation is widespread, yet counterfeiting by another name—money printing—faces little opposition.  The truth is stark: printing more … Read the rest

Author Michael DeVinneyPosted on January 1, 2025March 21, 2025Categories Economics, Inflation, Money, Statism, Subjective Value1 Comment on The Illusion of Value

Strings Attached

Strings Attached

The idea that capitalism inherently causes business cycles is a persistent myth.  Critics often blame free markets for the economic … Read the rest

Author Michael DeVinneyPosted on December 30, 2024March 22, 2025Categories Economics, Business Cycle, Inflation, Money, Statism

Doomed Dollars

Doomed Dollars

When trust in fiat money collapses, the foundation of the monetary system erodes.  Governments running perpetual deficits and printing … Read the rest

Author Michael DeVinneyPosted on December 29, 2024March 22, 2025Categories Economics, Inflation, Money, Statism1 Comment on Doomed Dollars

Risk and Uncertainty

Risk and Uncertainty

Humans act because the future is uncertain.  Every decision we make is a response to the unknown.  Yet, not … Read the rest

Author Michael DeVinneyPosted on December 20, 2024March 28, 2025Categories Economics1 Comment on Risk and Uncertainty

The Eyes of the State

The Eyes of the State

Statism cloaks itself in the garb of science.  It does this through the relentless collection of statistics.  These aren’t just … Read the rest

Author Michael DeVinneyPosted on December 14, 2024March 28, 2025Categories Economics, Statism1 Comment on The Eyes of the State

Confiscation by Design

Confiscation by Design

The notion that seizing wealth or interfering with property rights has no consequences is a dangerous fallacy.  Stripping individuals of … Read the rest

Author Michael DeVinneyPosted on December 13, 2024March 29, 2025Categories Egalitarianism, Economics, Law, Statism1 Comment on Confiscation by Design

The Subjective Nature of Value

The Subjective Nature of Value

Value judgments reveal preferences unique to each individual.  Every action is an attempt to replace one state of affairs with … Read the rest

Author Michael DeVinneyPosted on December 12, 2024March 29, 2025Categories Economics, Subjective Value1 Comment on The Subjective Nature of Value

Innovation vs. Stagnation

Innovation vs. Stagnation

Critics often argue that capitalism stifles creativity and exploits resources, but this claim doesn’t stand up to scrutiny.  In truth, … Read the rest

Author Michael DeVinneyPosted on December 8, 2024March 29, 2025Categories Economics, Statism1 Comment on Innovation vs. Stagnation

Why Statism Is Doomed to Fail

Why Statism Is Doomed to Fail

Statism—encompassing both socialism and fascism—can’t work because it fundamentally lacks the ability to calculate.  Socialism, defined as the government owning … Read the rest

Author Michael DeVinneyPosted on December 7, 2024March 29, 2025Categories Economic Calculation, Economics, Statism1 Comment on Why Statism Is Doomed to Fail

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Be Prepared for the Modern Inquisition

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  • Did the Fed Achieve Independence During the Korean War? May 29, 2025
    Rumor has it that the Federal Reserve was able to resist the president‘s demands to enable funding of the Korean War. However, a look at the record demonstrates conclusively that the Fed bowed to Harry Truman‘s wishes to do what it has done for a century: finance America‘s wars.
    Jonathan Newman
  • The One Bloated Brobdingnagian Bill May 29, 2025
    President Trump's so-called “One Big, Beautiful Bill” is more of the same: big and bloated. It adds billions to the federal deficit and does nothing to deal with the government‘s ruinous debt. Naturally, the Republicans support it.
    Vincent Cook
  • The Immorality of Keynesian Economics May 29, 2025
    Keynesian “economics” is not just wrong; its precepts are not just based upon fallacies but also on lies. Since Keynes self-described as an “immoralist,” we shouldn‘t be surprised that his economics is immoral, too.
    William L. Anderson
  • About
  • Articles
    • Business Cycle
    • Economic Calculation
    • Economics
    • Egalitarianism
    • Ideology
    • Inflation
    • Law
    • Logic
    • Method
    • Money
    • New Idol
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