Boom-Bust in Microcosm
The key to avoiding "busts" is to avoid the credit expansion and "booms" that cause them. Booms are not periods of prosperity but of the squandering of wealth. The longer they last, the worse is the devastation that follows.
The key to avoiding "busts" is to avoid the credit expansion and "booms" that cause them. Booms are not periods of prosperity but of the squandering of wealth. The longer they last, the worse is the devastation that follows.
Other elementary texts will continue to be effective in conveying economic basics, but Peter Schiff and his brother, Andrew Schiff, have a story to tell, an extension of a tale first developed by their father, Irwin Schiff. There's nothing quite like a story to get people turning the pages.
Libertarians have given considerable thought to refining their basic principles and their vision of a libertarian society. But they have given virtually no thought to a vitally important question, that of strategy.
Tucker closes this compendium with a number of reviews of books and movies. The depth of his comprehension is sometimes astounding; he can remember more from watching a movie once than many can from watching it ten times, and his book summaries are so excellent that he might want to watch out for the IP police.
John T. Flynn was, if not the very first, then one of the very first few, of the revisionist journalists to write about the New Deal, focusing on both its domestic and its foreign policies. He is the beginning of historical revisionism where the New Deal is concerned.
The question of questions for the politician should ever be "What type of social structure am I tending to produce?" But this is a question he never entertains, even though vast evidence exists that all legislation expands beyond its original intent.
We are born into this world believing that success in anything will be met with praise and acclaim. We are not often told the truth that we see in this film: success is more likely to be met by envy, hate, disparagement, put downs, and loathing, sometimes from the most unexpected sources.
How would appeals work in a voluntary system of private law? Would defendants be able to appeal clearly outrageous convictions? If so, then what's to stop a murderer from indefinitely appealing his cases?
There are two fundamentally opposed means whereby man, requiring sustenance, is impelled to obtain the necessary means for satisfying his desires. These are work and robbery, one's own labor and the forcible appropriation of the labor of others.
Everyone knows something is wrong here. Everyone. Except perhaps for patent lawyers, federal judges, and Orrin Hatch. I take that back. I think even most patent lawyers know something is wrong.