Friday Crypto's virtue is that they have a degree of anonymity and can be used to shift funds to less unfriendly jurisdictions. A lot of 'money' was got out of China and into Australian real estate using cryptos. Apparently anonymity is no longer certain, though I don’t know that personally. My quibble with the Bitcoin aficionados is the claim that Bitcoin’s … [Read more...]
Capitalism Equals Wealth Creation – Socialism Equals Wealth Destruction
Monday Let’s not be too hard on the Venezuelan socialists. Yes, it’s been a disaster and has resulted in widespread hunger amongst the poor and untold deaths. But the people did originally vote for socialism, despite all the historical evidence for what would happen. Besides, Venezuela is a minor manifestation of the disease. From the national socialism of Hitler, Mao … [Read more...]