economics - Michael DeVinney

Insanity

There’s not much more unpopular than capitalism today. That means, there’s not much more unpopular than the individual. That means, … Read the rest

There is only one economics. This is known as the Austrian school. It’s referred to that because the founders were … Read the rest

The market is characterized by human cooperation. Statism is characterized by violence. The two can’t exist simultaneously. Therefore, statism is … Read the rest

The statist idea is to establish a coercive monopoly in a territorial area. Particularly, in the area of law and … Read the rest

Gold has been chosen as a medium of exchange for thousands of years. A medium of exchange is necessary for … Read the rest

The market doesn’t exist in statism. It’s nothing more than a pseudo-market. The statists will claim its better, they … Read the rest

War only benefits the political class, or the elites as they now openly call themselves. The average citizen is harmed.… Read the rest

It’s impossible to ever achieve equilibrium. Equilibrium is a goal entrepreneurs strive to. However, this goal is never reached. … Read the rest

Statists contradict themselves one after another. They attempt to justify this nonsense with the reasoning of a sorcerer. They are … Read the rest