#16 Hoarding is NOT Dangerous

If you recall, in the past we spoke about a different kind of hoarding, more specifically the hoarding of money like assets. We covered how this is dangerous and unproductive for society. Now it is…

#15 The Real Cost of Debt

Some economists have claimed that transitioning away from the Gold Standard under Bretton woods has had no impact on the growth of debt in the current economy. But is this really true? This claim should…

#13 Minimum Wage Does Maximum Damage

Progressive political pundits will often push for mandatory higher “living wages”, which tends to be a very popular political strategy… And certainly, why wouldn’t it be popular? After all, what man doesn’t seek to improve…

#12 The Essentials of Private Property

Private property seems to be a subject of growing contention in today’s political climate. The clamorous demand for socialism grows louder as wealth inequality becomes increasingly stratified between the have’s and the have not’s. It…

#11 Hoarding is Dangerous

Keynesians conflate saving with hoarding. “We must have inflation”, they proclaim, “without it, the economy would grind to a halt as every man turns into a greedy hoarder of his money”. But these Keynesians fail…

#10 The Cantillon Effect

Richard Cantillon was an Irish French Economist born in the late 1600s. It is to him we owe our coining of the modern aphorism “The Cantillon Effect” used to explain the disproportionate nature by which…

#9 The Asset Inflation Ponzi

Asset inflation is a ponzi scheme that concentrates wealth and exacerbates income inequality. Hear me out here. Productive entrepreneurship has long been a calculable measure of opportunity cost relative to the discount rate and the…

#8 Broken Money Broke Investing

Stocks serve an important function in our society, but that function was fundamentally broken by the distortion of the medium-of-exchange, unit-of-account, and store-of-value that underlies our economy. Money Historically, money (gold), was an excellent store…

#7 The Profits of Financial Engineering

Financial engineering is a symptom of soft money and cheap credit which often gets mis-attributed as a cause of inequality. In order to fully explain all the factors that go into making financial engineering possible,…