Mises obliterated the entire socialist project in 1920 with one devastating insight: "Where there is no free market, there is no pricing mechanism; without a pricing mechanism, there is no economic calculation." The socialists spent the next century pretending this problem didn't exist while their economies collapsed around them.
And yet here we are, watching politicians promise they can "fix" healthcare, housing, and energy markets through central planning. They can't even calculate the cost of their own programs correctly — how exactly are they going to allocate resources across an entire economy?
Every Venezuelan breadline, every Soviet grain shortage, every Chinese famine was just Mises being proven right in the most brutal way possible. But sure, let's try democratic socialism this time. What could go wrong?
That would be a great suggestion if you could assure that the industry you were representing wasn’t completely captured by heartless monsters who have a history of some of the biggest criminal fines in human history because their deception has cost hundreds of thousands of people their lives. It would be a great suggestion if the industry you were defending didn’t occasionally look at human beings as an opportunity to generate insane wealth regardless of the tragic consequences. But you can’t do that, so… maybe it would be a good idea to have a fucking debate.
Ghislaine Maxwell was found guilty of sex trafficking children. A judge refuses to release the list of who she sold them to. Up until the list is released, we have only one conclusion: all of them are on it. Every last damned billionaire, prince and politician. Have a nice day.
It’s impossible to overstate the earthquake this will cause inside the Court, in terms of the destruction of trust among the Justices and staff. This leak is the gravest, most unforgivable sin.
. @RWMaloneMD is suspended. “Trust science” they say…
@Twitter you are helping facilitate the erosion of public trust in our leaders, government and tech. YOU @Twitter will be partly responsible for the breakdown of our fragile democracy when all public trust is gone.
Due to the fact I am not working in academia and that academics are spouting such absolute self serving gibberish about the Lieber China case let's review the key points and lay ruin to the bull dung being slung. First, Lieber was not charged with "espionage" and the case 1/n
Emails reveal Fauci and Collins defrauded the public with their “takedown” campaigns against other leading scientists from places like Harvard and Stanford. Fauci isn’t science, he’s a political censor. We need REAL public health officials. #covid#China https://t.co/3rk2WWD5uq
Older people and people with high risk always need to be protected from severe disease. Life saving treatments - earlier the better. If you have vulnerable people in your life, be prepared. For the rest of us, we will be fine.
Omicron: with an R0 of 7-10, you might as well take those masks and recycle them for toilet paper.
Unfortunately, with an R0 that high - Omicron is likely to blow through communities like a hurricane -
This speech by @AbigailShrier is outstanding, inspirational and well worth listening to, not the least of which she makes a case for compatibilism in the free will-determinism debate: https://t.co/0wi9z1RgJ6
A few weeks ago, @AbigailShrier gave a speech at Princeton to an audience limited to 35 people. It’s a speech that deserves to be heard by as many people—especially young people—as possible. So we invited her on @thehonestlypod to share it: https://t.co/tyaiZ7FMbv