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War is Bad For the Economy

A common trope of Societal Programming, particularly that of the USA, is that war is good for the economy. Examples range from the (largely false) economic prosperity during the George W. Bush Iraq War years all the way to how “World War Two got America out of the...

Millionaires Fleeing – A Sign of the Times

It’s not often that statistics surprise me, so when they do, it’s a jolting experience. Last week, a few of you sent me this article that presents some very interesting data. Last year, a record 82,000 millionaires moved to another country, according to a new study....

The Viking Ship Analogy

Our society is a Viking ship. 100 of us are in the bowels of the ship, with oars in our hands, tasked with moving the ship forward. In the front of the ship, about five people are constantly rowing very hard, sweating, sore, teeth gritted. They row endlessly,...

Circus Analogy of Economics

Several Austrian economists including guys like Peter Schiff have used what is now called the circus analogy. It goes something like this. A big traveling circus comes to a small town. All the circus people go have regular breakfast, lunch, and dinner at one of the...