If One Wishes to Discredit Capitalism, One Should at Least Understand How It Works
2024-01-26
Socialism: A Logical IntroductionScott R. SehonOxford University Press, 2024; 268 pp.
This is a better book than I expected it to be, but it is not without its problems. Scott Sehon, a philosophy professor at Bowdoin College, is strongly inclined to believe that socialism is better than capitalism, but in the book, his main aim is to set forward some of the main arguments in favor of each system, indicating their strengths and weaknesses. He has an additional aim. He wants to teach people how to reason logically and believes that one way to do this is to state an argument in numbered premises and then discuss each premise. “My next philosophy teacher (at Harvard) Paul Hoffman, first showed me the amazing utility of breaking a philosopher’s argument down into numbered steps.” Sehon succeeds
If the Fed Goes, The State Will Soon Follow
2023-10-25
A central bank is not a natural product of banking development. It is imposed from the outside or comes into being as a result of government favors.
—Vera Smith, The Rationale of Central Banking and the Free Banking Alternative
Anarchy, the absence of coercive government, must not be confused with chaos.
—Robert P. Murphy, Chaos Theory
The Federal Reserve is dying from monetary mischief. The Fed recently made a woke mandate that will only accelerate its own demise. The Fed never should have existed. As a central bank, the Fed is a rogue institution that functions as a giant counterfeiter for hegemonic government and special interests.
Government signed off on the Fed long ago and soon found it indispensable for funding whatever politicians could dream up. Together they have destroyed the