Milton Friedman:
“Don’t look at what the proponents of one system or another say are their intentions. Look at what the actual results are.”
“Socialism, which means government ownership and operation of means of production, has appealed to high-minded, fine people, people of idealistic views, because of the supposed objectives of socialism.”
“But you have to ask the question: does the system, no matter what its proponents say, produce those results? Once you look at the results, it’s crystal clear that they do not. Social injustice is clearly greatest where you have central control.”
This is the first long-form piece I've written in a year:
Why this topic? Because, for starters, 250,000 girls were raped. Unimaginable and appalling though that is—the reality is much worse:
Geologist Ian Plimer demolishes the "climate science hysteria" underpinning Net Zero.
"You cannot run an industrial economy on sea breezes and sunbeams... It's totally ridiculous."
"Carbon dioxide is plant food... Without carbon dioxide you have no life on Earth."
Today's political climate is changing the way metals flow around the world, fundamentally changing the way investment decisions are made for metal extraction.
The strategic value of owning a metal's supply chain is now more important than the economic value generated from the metal's extraction and downstream processing.
Significant premiums are increasingly being placed on owning the each link of supply chain, especially if that supply chain is niche and the context involves national security.
Thomas Sowell on Barack Obama:
“Here’s a man talking about five different industries in none of which he has the slightest experience.
But because he has these degrees and people have told him how clever he is, he now thinks he can do this.”
In 1850, Frédéric Bastiat published his essay "Ce qu'on voit et ce qu'on ne voit pas," and in doing so handed you the sharpest tool you will ever own for dismantling economic nonsense.
Picture the scene he paints. A shopkeeper's careless son smashes a pane of glass. The crowd gathers, clucks its tongue, and then a helpful bystander offers consolation: think of the glazier who now earns six francs. Think of the money circulating. Think of the boost to industry. If nobody ever broke a window, whatever would the glaziers do?
You have heard this exact argument your entire life, dressed in nicer clothes.
Bastiat's genius was to insist you count what you do not see. Yes, the glazier earns six francs. That much is visible. But the shopkeeper intended to buy new shoes, or a book, or to save the money and lend it out. That transaction never happens now. The glazier gains what the cobbler loses. Society is down one pane of glass and no richer for it. Destruction creates activity, never wealth.
The lineage runs straight to Henry Hazlitt, who opened his great book "Economics in One Lesson" in 1946 with the broken window and built an entire treatise on the discipline of tracing consequences to everyone, not merely the man holding the six francs. Read that book once and you become immune to roughly ninety percent of what passes for economic commentary.
Watch how governments love the smashed pane. After the September 11 attacks, credentialed economists appeared on television to explain that rebuilding would stimulate the economy. Paul Krugman wrote as much. Every war, every hurricane, every demolished neighborhood summons the same chorus: destruction is good for GDP. Of course it is good for the crude accounting fiction of GDP, which counts the glazier's six francs and stays silent about the shoes.
Here is where the state reveals itself. It cannot create the six francs. It can only smash your window, hand the money to a favored glazier, and demand your gratitude for the employment. Taxation is the rock through the pane, laundered through legislation.
Bastiat saw the whole racket in 1850. Your credentialed economists still cannot.
TODAY'S LESSON IN IRONY…
THE FOOD STAMP PROGRAM IS ADMINISTERED BY THE U.S. DEPARTMENT OF AGRICULTURE. THEY PROUDLY REPORT THAT THEY DISTRIBUTE 40 BILLION FREE MEALS & FOOD STAMPS TO OVER 37 MILLION PEOPLE ON AN ANNUAL BASIS.
MEANWHILE, THE NATIONAL PARK SERVICE, RUN BY THE U.S. DEPARTMENT OF THE INTERIOR, ASKS US, "PLEASE DO NOT FEED THE ANIMALS". THEIR STATED REASON FOR THIS POLICY BEING THAT..
"THE ANIMALS WILL GROW DEPENDENT ON THE HANDOUTS, AND THEN THEY WILL NEVER LEARN TO TAKE CARE OF THEMSELVES".
THIS CONCLUDES TODAY'S LESSON.
ANY QUESTIONS?
🚨 BREAKING: Victor Davis Hanson Drops a Fiery Truth Bomb! 🔥
“We didn’t storm the beaches of Normandy… didn’t bleed and die in the trenches of World War I… didn’t sacrifice everything in World War II… JUST TO BE LECTURED BY NEWCOMERS on why America is ‘racist’ and ‘flawed’!”
Do you think Hamilton and Jefferson fought and died for YOU?
250 years of American blood—from Gettysburg to Belleau Wood to Iwo Jima—only for first- and second-generation arrivals to march in and declare:
“Your Constitution is garbage. The Founders were racists. When we take power, we’re tearing it all down.”
ENOUGH.
This is OUR country. We built it. We defended it with our lives.
If you come here, assimilate—or go home.
What do YOU think, America? Drop your thoughts below! 👇
@VDHanson #AmericaFirst #NoMoreLectures #DefendTheFounders
Milton Friedman:
“We want a society of variety and diversity. We want a society in which people can celebrate their ethnic backgrounds.
But that’s a very different thing from a society which somehow takes ethnic characteristics as a criterion for preference or lack of preference, or a society which moves away from the doctrine of color-blindness to the doctrine of so-called ‘affirmative action.’”
This is how the durable medical equipment (DME) fraud scam works:
- Operate around adult daycares
- Provide “equipment” for ghost clients (wheelchairs, knee braces, etc)
- Easier to open than a bank account
- Bill Medicare for millions
EXPOSE IT ALL.
Joseph Stalin murdered more human beings than almost anyone in recorded history, and he did it with a clipboard and a five-year plan.
Let me give you the numbers, because the numbers matter. The Holodomor, the man-made famine in Ukraine from 1932 to 1933, killed somewhere around 4 million people. Stalin engineered it. He confiscated the grain, sealed the borders so starving peasants couldn't leave, and let them die in the snow while the state exported wheat abroad.
He collectivized agriculture, meaning he seized private farms and forced peasants onto giant state operations. The productive farmers, the ones who owned a cow or two and actually knew how to grow things, he branded "kulaks" and shipped to Siberia or shot. He destroyed his best producers on purpose.
Then came the Great Terror of 1937 and 1938. Stalin's secret police executed roughly 700,000 people in about two years. Not battlefield deaths. Confessions extracted in basements, quotas handed down for how many "enemies" each region should find.
Quotas. For arrests. Somebody in Moscow decided your town owed the state 200 traitors, and the local officers went and found 200, guilty or not.
The whole thing rests on a simple lie: that a handful of men in a Kremlin office know how to run millions of lives better than those millions running their own. Stalin believed that lie hard enough to build a machine of corpses around it.
Property rights aren't some dusty legal technicality. They're the thing standing between you and a bureaucrat deciding your grain belongs to the collective and your life doesn't matter.
Stalin proved that 20 million dead is just a statistic to a central planner.
The left has another HORRIBLE goal: end capitalism because it pursues growth.
They claim: "A smaller, slower economy could also be a SWEETER economy.”
WHAT?
There’s nothing sweet about poverty:
“Mystical references to ‘society’ and its programs to ‘help’ may warm the hearts of the gullible but what it really means is putting more power in the hands of bureaucrats.”
— Thomas Sowell
Milton Friedman: “We are an overtaxed nation. Taxes are higher now than any time in history, higher than the peak in World War 2. We need an across-the-board tax cut very badly.”