Search results

It's undeniably true that there are still adherents to "Austrian Economics" . In my view it is, nevertheless, mistaken policy. Even Hayek, to his great credit, acknowledged Keynes contributions. Keynes, who invented Macroeconomics, recognized the flaws in Austrian School thinking, believing...

von Mises was a sociologist and liberal thinker (classical liberalism, not libertarian thinking.) He contributed to what is now referred to as the Austrian School of economics which has been discredited many times over. His work has some value in an historical context but has little relevance...

Unless your living and other expenses are met from another source this cannot not work. Although one can trade both options and equities in a Roth Account, an excellent thing for an experienced trader to do, I am a little surprised your broker will let you day trade in a Roth. Not a good idea...

This is the conventional thinking. I agree with it; yet we must always stay in touch with our innate fallibility.

Maybe they should be, but let's hope not nevertheless.

Ha ha ha. Will this comedy ever end.

Same as asking if there will always be other Trumps and other Nixons; the answer to which is known by everyone. Is it karma that leads those who engage in such unseemly practices to a bad ending? It would seem so.

I'll be breathless waiting for the release of the final report from the Arizona Audit. I just can't wait to find out if bamboo fibers were found in some of the paper the ballots were printed on. :D

It seems harder to fix a problem than to prevent it in the first place. Perhaps it is time for good manners to be taught as part of the grade school curriculum, as manners taught by example at home seems to have produced spotty results. On a related note: I'm amazed at the money poured down rat...

You've never been particularly good at estimating probabilities.

You were responding to Sig here, but I wanted to comment on a couple points. If you want to understand why we have a central bank, studying the history of U.S. banking, and our many bank panics, will answer your question. It is true that the Federal Reserve was described as a "private"...

Could you read my post again perhaps? I thought I made it clear that the risk was inflation; not default.

exactly. and of course the U.S. could do the same.

Actually, it is the opposite. When the private sector primary dealers buy new issues of bonds via Treasury auctions, private sector bank reserve accounts are debited and government accounts are credited. The Treasury, however, always cash finances government purchases of goods and services. If...

The father's freedom has been infringed upon, eh, even though to give the father his freedom to infringe on his fourteen-year-old daughter's would infringe on his daughter's freedom to choose the gender that she/he identifies with. The daughter, although she is only 14 has a right in Canada...

Healthcare was mentioned. Absurd, chaotic, U.S. healthcare hangs like the Sword of Damocles over virtually everyone living in the U.S., except for the very wealthy and those who manage to reach the age of 65, where the risk of financial ruin is slightly less. Even then the possibility of...

The majority of U.S. citizens translate the message on those red hats as "Look at me. I'm an Idiot!" In the meantime, "The Orange One" is monetizing this message and taking the proceeds to the bank.

Waiting for ET's laissez faire capitalists to weigh in with their two cents.

Despite an order being given to clear the park well before the Ridiculous procession to the Church got underway, culminating in Trump acting like the JACKASS he is by holding a Bible upside down, the physical and timing proximity of the gassing of protestors to the Trump Stunt leaves me very...