The word “money” comes from the Latin moneta, which is where coins of precious metal were made and stored. Precious metals naturally rose to the top of money markets because they are scarce, long-lasting, and valued by weight. Gold in particular became the standard for money because it is uniquely suited to serve the purposes of money.
One of my favorite words is orthogonality — perhaps because it is found only rarely. I owe my ownership of the word to my mentor from Kentucky State University, Dr. Terry Magel, formerly head of the Computer Science program.
Episode 454 has Skyler giving his commentary on the following topics: Section 230 of the Communications Decency Act of 1996 and what is and is not libertarian about it; Amazon Web Services cancelling their contract with social media platform Parler without the contractually specified notice of 30 days; what should happen to contracts in the future; examining our dependencies and building alternatives; and more.
Unsurprisingly, not all economists agree on how to approach what used to be called “political economy”. Adam Smith in 1776 defined it as “an inquiry into the nature and causes of the wealth of nations”. It was understood that the default state of mankind was poverty, so the question was how people become wealthy.
Let’s face it. There is no single stroke of governance that will make the homeless campers of Austin, TX go away. You cannot put toothpaste back in a tube.
Episode 444 welcomes back Alex R. Knight III to chat with Skyler on the following topics: teaching social studies, English, and Spanish at a private sports academy; teaching future Olympic medalists in winter sports; why his social studies curriculum probably wouldn’t fly in public schools; the Tuttle Twins (and ATKE.org); “Great Myths of the Great Depression” by Lawrence Reed; the level of propaganda around COVID-19; why government parasites are always short-term thinkers; the fact that most people simply don’t care, and why should they?; the Voluntaryist vs. the Stoic in each of us; finding liberty in physical, entrepreneurial, and technological frontiers; finding helpfulness and community in relatively freer rural areas; his lamentations on a Biden presidency instead of 4 more years of Donald Trump; and more.
The Goldmans won their case on a “preponderance of evidence” standard rather than “proof beyond a reasonable doubt.” In Trump’s case, there is no reasonable doubt: He’s on the hook for billions.
If you’ve ever filled out a Form 4473, you’re familiar with the Question 11e: “Are you an unlawful user of, or addicted to, marijuana or any depressant, stimulant, narcotic drug, or other controlled substance?” In case you thought there was any ambiguity with regard to medical marijuana, you were wrong.
Did you just feel a little breeze of extra freedom? I felt it. Why would I feel a bit freer than I did a couple of months ago? How could this happen? It’s mental freedom. Freedom from caring what government does or says.
“Congress,” The Hill reports, “is barreling toward a veto showdown with President Trump over the mammoth must-pass annual defense policy bill.” At issue: The annual National Defense Authorization Act, which as usual has little to do with actual defense.