You don’t have to be rich to start practicing the mindset. Generosity is the willingness to share what you have to offer with confidence that someone will be enriched even by your smallest contribution.
Tag: money
Some Men Just Want to Watch Mexico Burn
If you share this romantic vision, you might even welcome my analysis: “Yes, I’m inspired by revolutionary idealism. At least they tried.” Yet calmly considered, this romantic vision is inexcusable. Launching a bloody war without even asking, “How likely is this war to improve the world?” is as “romantic” as drunk driving at a playground. Giving revolutionaries credit for “trying” is ridiculous. If you combine brutality with wishful thinking about the consequences, your real goal isn’t to make those consequences a reality. Your real goal is just to exercise brutality.
Hypocrisy and Hyperbole
So how hypocritical are people, really? Exceedingly so. Why? Because humans love hyperbole. When they moralize, they gravitate toward strong versions of their moral positions.
Inconsistency is a Hallmark of Statism
I’ve seen statists hallucinate that the right of self-defense somehow justifies their support of an armed gang of badged government employees, funded with stolen money, imposing counterfeit rules at gunpoint, with little or no accountability.
Jeffrey Herbener: Demystifying the Federal Reserve (26m)
This episode features an interview of economics professor and department chairman Jeffrey Herbener from 2016 by Jeff Deist, host of the Human Action podcast. They cover the basics of central bank mechanics: how commercial bank reserves are created, the difference between the monetary base and the money supply, and how the Fed Funds rate impacts lending and the structure of production. They consider how Austrian business cycle theory describes the distortions created by artificially low interest rates, and how interest rates ought to operate as price signals. Finally, they discuss how early recipients of newly created money and credit benefit in ways that ordinary citizens don’t.
I Win My European Unemployment Bet
In 2009, the U.S. unemployment rate exceeded Europe’s for the first time in decades. Apologists for European labor market regulation rejoiced, so I publicly bet that European unemployment would exceed U.S. unemployment over the next decade. The original authors I targeted turned me down, even after I offered a 1 percentage-point spread. But noted economist John Quiggin took the bait.
Aircraft Carriers: Give Truman and Ford a Burial at Sea
The US Department of Defense wants to retire an old aircraft carrier early while building two new ones (and adding other goodies to their shopping list). Surprise, surprise — politicians from states with the shipyards and naval bases that employ their constituents want to keep the old carrier AND build the new ones.
Divided (Artificially) by Government
This town in which I reside straddles the state line between Texas and New Mexico. So, it is “officially” considered two towns. But why?
The Great Pretender
The score now stands at 45 attempts, 0 successes. That is the POTUS scoreboard. Some POTUS were worse failures than others. Some came to the job with evil in his heart, others were just incompetent.
The Philosophy of Poverty?: My Opening Statement
The default view is that the government should dramatically expand redistribution programs, forcing the well-endowed – especially business and the rich – to provide a decent standard of living for everyone. I strongly reject this default view.