timtas

17 ms·

121.
by timtas 11y ago
I disagree. I've seen firsthand the huge investment it takes to wire a neighborhood with underground fiber. A small company cannot do it. Okay, so what? Google is offering free internet forever for a one time $300 construction fee whic
122.
by timtas 11y ago
Wait...politics is part of the economy so we can pay politicians to be part of the economy? Seems tautological.
123.
by timtas 11y ago
> Read up on e.g. lives of miners in the United States We all know the about the suffering of industrial workers. What's less well known is the far greater suffering of the pre industrial revolution peasant. What's also less we
124.
by timtas 11y ago
> Politics and capitalism go hand in hand. Indeed, that's the problem. The state gains support of corporations by "partnering" with them. I will certainly not dispute that a free market system is often perverted by state c
125.
by timtas 11y ago
You must obtain food but not from any one specific provider. No company will long "exploit" you (Hmm, where have we heard that term before?) unless they are protected from competition by a coercive state.
126.
by timtas 11y ago
A corporation cannot kill me or put in a cage and call it legal.
127.
by timtas 11y ago
> the situation today is, that the big corporations are shaping the laws and the small players can not Indeed! How about we fix that and don't let big corporations shape the laws? Crony capitalism is not an inherent feature of capit
128.
by timtas 11y ago
Seems clear to me. The market consists of voluntary associations. An association is voluntary if it is entered into without coercion. The "political system" more properly called the state, depends on coercion. There is no purpose
129.
by timtas 11y ago
This oft told story is pretty clearly by now a myth: https://mises.org/library/myth-natural-monopoly Any day now, Google will knock on my door to install Google Fiber in my house. Funny how for 10 years I had the same
130.
by timtas 11y ago
This begs a question. Why are we listening to Stephen Hawking? Why do we think that destruction of jobs by technology is something new? Do we really think it's happening faster now than in times past? I call this presentism. The cotton
131.
by timtas 11y ago
Sure, but let's understand we've changed the subject. If the claim is that a state should not, by threat of violence, block a private firm from serving a voluntary customer, I could not agree more. That's entirely different f
132.
by timtas 11y ago
Internet connection, a "human right?" That's merely an empty slogan. The notion of positive liberties breaks down under the slightest scrutiny. What you're really saying is that somebody has a positive obligation to prov
133.
by timtas 11y ago
Except voluntarily purchasing an inexpensive product nohow "limits your freedoms." I purchase a lousy cup of coffee from a vending machine; am I a slave if it's inferior to Starbucks? Reductio ad absurdum.
134.
by timtas 11y ago
This is a pretty good introduction to the Austrian School's criticism of central banking. Seems to me it's getting harder and harder to ignore.
135.
Time to End Monetary Central Planning(cobdencentre.org)
1 points by timtas 11y ago|2 comments
136.
by timtas 11y ago
Free trade is not the primary force. It's secondary behind more foundational liberal economic policies, those being property rights, rule of law, fair enforcement of private contracts.
137.
by timtas 11y ago
"Indeed, the market top is in not just for the so-called recovery cycle since June 2009, but the entire central bank Bubble Finance cycle of the last 20 years." Yikes. Nobody wants to believe this, but he makes a pretty compelling
138.
Global Markets Down $13 Trillion Already(davidstockmanscontracorner.com)
2 points by timtas 11y ago|1 comments
139.
by timtas 11y ago
Science is in trouble. Before long we'll owe an apology to medieval astrologers and barbers. What’s wrong with Science ( http://www.economist.com/news/science-and-technology/2159154... ) How science goes wrong
140.
by timtas 11y ago
Newtoninan mechanics were once thought to be based on a set of laws. Settled truth, it was thought. A law is no longer a law when it fails to hold under particular conditions, although it might still be useful. The bulk of practical human k
141.
by timtas 11y ago
Relativity overturned Newtonian mechanics in the same way that Copernican cosmology overturned Ptotomeic cosomology. It's true that Newtonian mechanics remains useful despite being based on a now falsified premise: time is a constant.
142.
by timtas 11y ago
I recently read "Economics in One Lesson" by Henry Hazlitt [1], and I highly recommend it for anyone who wants a foundational understanding of economics. "One Lesson" is meant as a claim that the book is pure "signa
143.
by timtas 11y ago
If you think that insulates you (and me) entirely, you may want to read the article again. In particular: "The resulting deflationary spiral will suck the global economy into its vortex. And Wall Street will go down for the count beca
144.
The Great China Ponzi–-An Economic Trainwreck Which Will Rattle the World(davidstockmanscontracorner.com)
4 points by timtas 11y ago|2 comments
145.
by timtas 11y ago
Pull a $20 out of your wallet. What do you see? I see about $5 of purchasing power circa 2000. Yet the BSL says it's about $14. Does that even pass the giggle test?
146.
Lies, Damned Lies and the BLS Inflation Statistics(davidstockmanscontracorner.com)
2 points by timtas 11y ago|1 comments
147.
by timtas 11y ago
The new work is subtitled "A New Information Theory of Money."[1] But how new is it? I have not read the full work yet, but it seems quite similar to the Austrian school's long held and well developed explanation of prices as
148.
George Gilder Demolishes a Critical Myth About the Gold Standard(forbes.com)
1 points by timtas 11y ago|2 comments
149.
by timtas 11y ago
This is fun. I mean it's fun to ponder the legalities. Let's try to be explicit about what has happened here: 1. Publisher implicitly offers Syndicator a license to republish his content. 2. Syndicator accepts the implicit license
150.
by timtas 11y ago
"The Road to Serfdom" by Friedrich Hayek [1] "Novum Organum" by Francis Bacon [2] [1] https://en.wikipedia.org/wiki/The_Road_to_Serfdom [2] https://en.wikipedia.org/wiki/Novum_O

More ›