The masses are inundated with propaganda. This begins at an early age and lasts the rest of your life. … Read the rest
Tag: economics
The Statist Economy
Capitalism is private ownership. Socialism is government ownership. Fascism is government control. Statism is some combination of socialism and fascism. … Read the rest
Subjective Value
Value judgments express preferences of the acting individual. Action is aimed at the substitution of one state of affairs for … Read the rest
Immoral Choices
Ethics and morals are not the same. Ethics are universal. Morals are not. However, all morals must adhere to ethics. … Read the rest
The Size of the Social Unit: Time Preference
An actor prefers goods sooner than later. Every action requires some amount of time to achieve any goal. Time is … Read the rest
Economic Science
Economics can have definite proof with the correct method. This doesn’t come from charts, mathematical formulas, game theory, etc. … Read the rest
The Size of the Social Unit: Total War
There can be no doubt that modern nation states give rise to total war. The market involves peaceful cooperation, … Read the rest
Price Spread
Price spread is the difference between their selling price and the aggregate prices. This translates to the difference between inputs … Read the rest
Crusoe Economics
Property is essential to justice and economics. It is impossible to come to a just decision without property. Likewise, … Read the rest
From Delusion to Destruction
Statism aims at the substitution of the rational for the irrational. If calculation were possible, we wouldn’t need overlords to … Read the rest