Category Archives: Economics

The Real Problem In Greece

The Real Problem In Greece

Greece’s largest public and private sector unions went on strike today to protest austerity measures, again. Flights were grounded, hospitals ran on skeleton staff, ships were docked at port and public offices stayed shut across the country. Demonstrators threw molotov cocktails at the nation’s central bank, and smashed the windows out of privately owned businesses, as Greece’s foreign lenders prepared to meet in central Athens to review compliance with its latest bailout. The nation of roughly 11 million people is sometimes referred

Dear Ethnostatist Neoreactionary

Dear Ethnostatist Neoreactionary

Listen. I get it. Us white folk, we got sold out by just about everybody. Our own people, most notably. The government was screwing us, so we voted for Republicans to reduce the government. The Republicans screwed us, so some of us went to the Libertarian Party. The LP was impotent, so many of us gave up on the State altogether, and went AnCap/Voluntaryist. Then we were inundated with social justice fanatics, and I figure that’s around the time you came to the conclusion

The Secular Reactionary Anarcho-Capitalist Revolutionary

The Secular Reactionary Anarcho-Capitalist Revolutionary

Libertarianism is often critiqued as having too limited a worldview, but libertarians are free to view the world anyway they see fit. Here is one such way.   An interesting, though not entirely unexpected phenomenon occurred as I sought out a thumbnail for this piece. I searched Google images for “ideology” and nearly everything that came up was decidedly negative. Hateful imagery that suggested anyone with a set of convictions was inherently evil. I shouldn’t be entirely surprised. Look at our

Open Borders, or Market Immigration?

Open Borders, or Market Immigration?

With Donald Trump at the forefront of the Republican presidential primary, and “refugees” pouring into Europe in record breaking numbers, immigration is a hot topic as of late. Reactions range from advocating giant walls be built, to amnesty, subsidy, citizenship, and voting rights. Whenever that great a chasm exists, there must be great controversy, and wherever such controversy exists, I must wade. For a libertarian, the answer may at first seem quite obvious, open borders. Governments have this nasty habit of

Donald Trump: A Reminder That The GOP Is Hopeless

Donald Trump: A Reminder That The GOP Is Hopeless

Donald Trump is dominating the news. Not because he came up with some kind of groundbreaking policy proposal, or said something really profound and awe inspiring, or even because anybody seriously expects him to become president of the United States. He’s dominating my news feeds because he is…. trolling Megyn Kelly on Twitter? Well, in all fairness to the media, it’s not entirely that. Not too many people would care that he was trolling Fox News personalities on Twitter, if he wasn’t

And Then The Market Crashed Anyway

And Then The Market Crashed Anyway

The Washington Post is calling it a “New day of carnage” as US markets open with the Dow Jones Industrial Average (DJIA) dropping more than 1,000 points, along with many other stocks and commodities in markets around the world. “Black Monday” is trending on twitter, referencing the phenomenon. It is the largest global sell off since the financial crisis of 2008. You might recall that incident, when George W. Bush said he had “abandoned free market principles to save the free market system,”

My New Bitcoin Pitch

My New Bitcoin Pitch

I just finished the last day of Bitcoin outreach at the Cheshire County fair just outside of Keene, New Hampshire. The event is a great opportunity to talk to people about Bitcoin, and Bitcoin provides a great opportunity to discuss a great many other topics. I try to work in as much propaganda into my bit as possible, and came up with the following pitch. As people walk by, I ask them if they like money. This evokes a lot

More European Integration: The Exact Opposite of a Solution

More European Integration: The Exact Opposite of a Solution

While debtors, creditors, and economists focused on the Greek debt crisis, a report by European Commission President Jean-Claude Juncker with the heads of four other EU institutions went almost entirely unnoticed. Juncker proposes a predictably awful strategy for solving economic problems, greater centralization of power over the currency union’s economies. It recommended “quick fix” steps that could be introduced in the next two years, such as setting up a common bank deposit insurance system and promoting competitiveness, as well as longer term ideas,

Voting Against Economics is Like Praying Against Cancer

Voting Against Economics is Like Praying Against Cancer

I remember I had an aunt once who was very sick with cancer. She had already been through one round of chemotherapy, during which the cancer had continued to spread, and so the doctors had recommended a more aggressive treatment which would have had harsher side effects. They assured my aunt that were she not to take this treatment, she would be dead in rather short order, but could provide her with no assurances that she would live any longer

Capitalism Gets Blamed For Everything, Even Greece

Capitalism Gets Blamed For Everything, Even Greece

When a welfare state run amok borrows in perpetuity to give free stuff to citizens who aren’t paying taxes, what do you call that? When anybody who has bothered to take a single lesson in economics can tell you that this is completely unsustainable, but banks, corporations, and governments continue to lend them money on the expectation that some other government will bail them out, what do you call that? When said bailout comes, the government is compelled into austerity, and the people who

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