Absolutely must listen: with @PhilWMagness and @yaronbrook providing clarity re history, economics and morality of tariffs and protectionism: https://t.co/WhMqcwwRBV
“If you saw Atlas, the giant who holds the world on his shoulders, if you saw that he stood, blood running down his chest, his knees buckling, his arms trembling but still trying to hold the world aloft with the last of his strength, and the greater his effort the heavier the world bore down upon his shoulders - What would you tell him?"
"To shrug.”
@wesbury@Redmond80Chris THIS is one of the simplest things that many Americans in either party evade. The moral equivocation between economic power (creativity, producing, trade) and political power (threats and force) is a big source of our problems. They are not only different, they are opposites.
We may not even know who won but I’m hosting a really intersting conversation I’m calling “Beyond the Ballot” on Nov 7th. You should join us.
Register NOW for Beyond the Ballot Live Stream event on Thursday, November 7, 6:30-8:30pm – an evening with Yaron Brook, Tom Krannawitter, and myself. This event promises to be a night to remember as we explore the future with optimism and clarity. Register at this link:
https://t.co/cIpqJbhNSl
#defendersofcapitalism #2024election
@yaronbrook@TomKrannawitter
This morning’s CPI number shows a stronger-than-anticipated rise in core inflation in August. Yet the Fed plans to cut interest rates at its meeting next week.
While the Fed pats itself on the back for 2.5% annual inflation, consider what that means for achieving its mandate of “stable prices” over, say, the length of a two-term presidential administration. We could be celebrating another 20% increase in the general price level—or to put it another way, a 20% loss in your purchasing power.
Of course, you could engage in 8 years of continuous wrangling with your employer, or continuous raising of your own business if you sell goods or services, trying to get cost-of-living adjustments. You will pay taxes on the nominal increase in the price of your house, if you own one, at some future point—even if its real value discounted for inflation means you had no gain.
Citizens should demand more from their government than this sort of expropriation through the deliberate debasement of our money unit.
@Martina@BillAckman@marinasmigielsk@KamalaHarris@realDonaldTrump Of course he doesn’t want Trump. No one does. He’s just saying, I think like many Americans, “hey, it’s a binary choice and good god, you must vote AGAINST this”
….and, of course, he’s right…no matter which one you vote for.
I’m not sure why you qualify things with “almost always”. Censorship, properly defined, is always wrong. Some people get confused about who can censor but it’s only a government using legalized force that can. Private citizens or organizations have a right to speech or silence (though not defamation or fraud).
Censorship ALWAYS erodes/kills free speech.
The only case that’s marginal is “censorship” of certain information relative to national security but that is way overblown and used far too often. A free people deserve transparency from their government and have an absolute right of free speech. It’s first for a very good reason: speech is thought and humans survive by thinking. And of course, all of this supports your point of the need for critical thinking. That’s why we should have no such thing as government schools….a different but related topic…
More importantly, the Founders intended INDIVIDUALS to be sovereign over their own lives. Self government was the goal and the electoral college was one of many instruments to protect the smallest minority from the gangs. The whole end of the Constitution is to serve the moral view of the Declaration: inalienable rights of the individual.
@XChardain@AJAskey@nedryun You likely would have been in the majority voting to kill Socrates. Voting in a gang may make you feel safe and just because someone is committing the argument from tradition fallacy does not make your vicious views just.
Even President Obama needs a refresher course in the economic way of thinking. What do you think the consequences of these policies are going to be for the very people they say they will help? This isn’t a question of free market or market failure thinking, this is a question of basic economic reasoning; means/ends; constraints/trade offs; choices/consequences. Economic illiteracy seems to be running rampant with Trump calling for trade restrictions and controls on the mobility of labor and capital, and Harris looking to implement price controls. Such a sad state of affairs. Lets make this as easy as possible: bad ideas lead to bad policy and bad policy results in bad consequences. You know what word is repeated in that statement? BAD