Three reasons why state funded welfare is impossible and private charity is not One: The impossibility of knowledge: In a previous post, Answering an Unanswerable Question, I pointed out that it is impossible for “the [more…]
In February 1944 Winston Churchill first used the term “special relationship”. He was describing the relationship between the USA and the UK. I have long wondered how special this relationship really is. Our initial relationship [more…]
There is much commentary purporting to explain the recent French riots. (I write this article on October 24, 2026.) But so far I have seen no explanation that attempts to lay at least part of [more…]
I have been following the work and writings of my good friend Jeff Deist for many years, as I’ve always found his insights extremely illuminating. Just a few days ago, I had the pleasure of [more…]
The subtitle of its October 18, 2026 post by the Institute of Economic Affairs (London) carried this tantalizing statement: “Rethinking How We Care for an Aging Population”. The IEA carried part one of a three [more…]
In the early 1970s, Chile attempted an ambitious experiment in economic planning. The country’s socialist government invited British cybernetician Stafford Beer to help design a computerised system capable of coordinating the entire national economy. The [more…]
The recent reaction in the gold market to the September US inflation data offers a textbook illustration of how short-term speculative noise can obscure and distort longer-term realities. After the CPI print showed a 0.6% [more…]
Two mistaken lessons from the ‘20s and ‘30s haunt us today Prior to 1913 there was no central bank in the US, and yet the US enjoyed tremendous economic betterment in the post Civic War [more…]
George Soros was no mere speculator; he was a master of calculated risk, navigating the labyrinth of markets with a precision that belied his professed indifference to mathematics. His grasp of financial mechanisms surpassed that [more…]
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