Monday With regard to the quantification of a good’s value, with what is it measured? How is the subjective value of a good expressed? Well, with money of course; one of the jobs of money in the marketplace is to measure value. For most of the 20th century and at the beginning of the 21st century, the marketplace has used fiat debt notes, otherwise known … [Read more...]
Discrimination
Monday Different races have different genes, different characteristics and different IQs. That this is so is not, scientifically speaking, contentious. The differences are demonstrated in the median household income by selected ethnic groups in the US… Malcontents have re-defined racism away from the MLK ideal of equality before the law, to mean equality of outcomes. … [Read more...]
Four Years For Fighting Back
Wednesday Whether in Germany, the US, or elsewhere, the Antifa thugs are allowed free rein by the police, protected by the courts, encouraged by the mainstream media and excused by politicians. Two stories just came my way. The first is of Antifa thugs battering a young woman real estate agent in her own home. The second displays the determination of the US … [Read more...]
Fiat’s Value
Saturday Keith Weiner rightfully notes that it is the struggle of the debtors that gives the US$, or any other fiat, its value. But there is a little more to it than that. It is also the desire to gain and to hold dollars in order to secure a future that gives them value. Some people accumulate in order to invest, or simply in order to have something to draw on in … [Read more...]
Pol Pot
Friday Pol Pot was a stain on the 20th century. Not so much for the amount of slaughter that he perpetrated, but for the crazed rationale behind it. Socialist slaughters were common and some produced a far larger body count than Pol Pot (Hitler was responsible for around 70 million deaths, Stalin and Mao were not far behind), but Pol Pot killed all those that … [Read more...]