How Economists Invented Austerity & Paved the Way to Fascism

Supply Chain Issues

 

Comic from Mike Stanfill

Find more of Stanfill's comics over at Raging Pencils

You had me at Hello

F.A. Hayek (1899 - 1992)

My Wife's a Keynesian

Henry Hazlitt (1894 - 1993)

The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector.
Henry Hazlitt

Friedrich August Hayek (1899 - 1992)

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions order, and adaptation to the unknown, can be achieved more effectively by decentralizing decisions and that a division of authority will actually extend the possibility of overall order. Yet that decentralization actually leads to more information being taken into account.
o The Fatal Conceit : The Errors of Socialism (1988), p. 76

Praxeology - Episode 4 - The Prerequisites of Action

Praxeology - Episode 3 - Purposeful Action

If you choose not to act, you still have made an action (/Hat Tip to Neil Peart).

China's Ghost Cities and Malls

Interesting documentary from Australia about the Chinese real estate bubble. China is one big "Bridge to Nowhere."

The Top Three Myths About Immigration

Mister Excitement sorta explodes some myths....



As my friend Neil pointed out to me elsewhere, Mister E doesn't explode the last one at all -- in fact he admits immigration suppresses wages, just diverts the argument from there saying it suppresses wages in the two extremes, while most homegrown Americans are in the middle.

How Obama "Creates" Jobs

The Onerous Compliance Cost of the Internal Revenue Code

Another terrific video from The Center for Freedom and Prosperity:

Seven Reasons Why Tax Increases Are the Wrong Approach

Nice video from The Center for Freedom and Prosperity