Germany, 1948. The Reichsmark is worthless. Cigarettes function as currency. Factory output sits at half its 1936 level, and the Allied occupation runs a price-control regime so absurd that farmers feed grain to livestock rather than sell it at the dictated price. Then Ludwig Erhard walks into a radio studio on June 20 and tells the German people the controls are gone. He did not ask the occupation authorities first. He told General Lucius Clay afterward that he hadn't altered the regulations, he had abolished them.
What followed embarrassed every Keynesian planner watching from Washington and London.
The Deutsche Mark replaced the Reichsmark at brutal terms: roughly 100 old marks for 6.5 new ones. Hard money, scarce by design. The black markets emptied overnight because goods reappeared in shop windows the moment prices could speak. Industrial production jumped over 50 percent in the second half of 1948 alone. And here is the part the textbooks bury: through the 1950s, as the economy grew at better than 8 percent a year, the cost of living stayed remarkably flat. Germans got richer while prices held or fell. Productivity outran the money supply, which is exactly what's supposed to happen when a central bank keeps its greedy paws to itself.
Falling prices alongside roaring growth, rising real wages, and a currency people actually wanted to hold rewarded Erhard's Germany. Deflation is not the disease. It is the natural reward for producing more than you did last year.
The Bundesbank inherited this discipline and guarded the Mark with a stinginess that drove politicians to fury for forty years. That stinginess built the strongest economy in Europe. Then the same political class buried the Mark under the euro in 2002 and handed monetary policy to people who consider 2 percent annual theft a "target."
Erhard proved sound money and free prices rebuild a bombed nation in a decade. Every finance minister since has worked very hard to forget it.
Pennsylvania has declared INDEPENDENCE from Great Britain.
Pennsylvania is the fourth colony to unilaterally declare itself as independent from the crown.
In the audience of every 4th of July parade there is an old Mexican man wearing boots, jeans, a large belt buckle, several flannel shirts, and two coats even though it is 104 degrees outside and he loves America. I aspire to this level of power.
George Washington bred his own pack of hunting dogs and named them like a man with zero supervision. We're talking Sweet Lips, Tipsy, Tipler, Drunkard, and one named Vulcan who was so big a kid could ride him like a pony. Vulcan once stole an entire ham straight off the dinner table and bolted to the kennels. The General just laughed while Martha sat there furious.
But the dogs were only half of it. The man could DANCE. In 1779 he partnered with Kitty Greene at a ball and the two of them danced for over three hours straight without sitting down once. People at the time said he was actually elite at it. He called it "so agreeable and innocent an amusement."
And in his final years his big retirement hobby was building a whiskey distillery. Not a little hobby still either. By 1799 it was the largest distillery in America, cranking out 11,000 gallons a year.
So the real George Washington: breeds hunting dogs with names like Drunkard, dances for three hours straight, runs the biggest whiskey operation in the country. Founding Father behavior.
Believing that "people wouldn't do crimes if their basic needs were met" while also believing that "greedy rich people are stealing from everyone" never registers to the people who say this shit as inherently contradictory.
Stan Lee.
One of the people who inspired my love for comics long before I became a comic artist.
I wanted this piece to feel less like a portrait and more like a tribute to the worlds he created.
Created for Heroes and Villains.
#StanLee#Marvel#SpiderMan#ComicArt
Wait, were colonial settlers just illegal immigrants fleeing harsh conditions for a better life? And are natives simply supremacists who were afraid of diversity?
John Lennon wrote a beautiful song about socialism.
“Imagine no possessions” he told us.
He also:
– helped write his band’s anti-tax anthem, Taxman
– incorporated his IP holdings
– moved to a lower-tax country
– fiercely protected his royalties
- drove two Rolls Royce’s and had multiple luxury homes.
– made sure even the royalty cheques for Imagine were kept safe for his estate so his family would remain wealthy in perpetuity.
If he believed it, he’d have lived it. The trouble with socialism is that even the people who love the idea won’t run the experiment on themselves.
John Lennon writing Imagine while owning two Rolls Royce Phantoms and later having a law suit to protect his royalties tells you all you need to know about socialism in practice.
It doesn’t work outside of the imagination.