Today marks the 105th anniversary of James M. Buchanan’s birth. Buchanan left a profound legacy with his development of public choice theory, transforming our understanding of political decision-making. Let’s celebrate his contributions to political economy!
if you find this man's critique of everyone else's explanation for interest attractive, you have a high IQ in a way that I can explain (given enough time).
“Don’t educate my stupid education policy holders”
I would highly recommend this Education Policy session for anyone holding an education policy…
Most insurance based education policies are probably the biggest regulated scam in the country today, fueled by consumer financial illiteracy which then enables the sellers to tap into the emotions around our children and their education.
Just buying a locked money mkt fund coupled with a term life policy will beat most education policies - you get a better return and protection in the event of death. When I suggested this to an insurance policy executive, they told me “please don’t educate my stupid policy holders.”
Information is power.
Actually, any monetary or macro economist worth his salt can answer Hoppe's question, which mainly succeeds in displaying his utter ignorance of monetary theory and hstory.