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With all the talk about government efficiency, it would be useful to remind ourselves why bureaucracies differ radically from for-profit businesses. Ludwig von Mises devoted a short but enlightening volume to this subject in 1944, Bureaucracy. Elon Musk and Vivek Ramaswamy, who will co-chair the nongovernmental Department of Government Efficiency, should do some homework by reading that book. Mises, as an advocate of limited government, did not argue that bureaucracy has no place in a free society. In […]
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On December 14, James Harr, the owner of an online store called ComradeWorkwear, announced on social media that he planned to sell a deck of “Most Wanted CEO” playing cards, satirizing the infamous “Most-wanted Iraqi playing cards” introduced by the U.S. Defense Intelligence Agency in 2003. Per the ComradeWorkwear website, the Most Wanted CEO cards would offer “a critique of the capitalist machine that sacrifices people and planet for profit,” and “Unmask the oligarchs, CEOs, and profiteers who […]
It is pretty clear that an economist, like a poet, uses metaphors. They are called ‘models.’ The market for apartments in New York, says the economist, is ‘just like’ a curve on a blackboard. No one has so far seen a literal demand curve floating in the sky above Manhattan. —Deirdre McCloskey, If You’re So Smart: The Narrative of Economic Expertise, 1990.1 In 1966, Martin Bronfenbrenner pointed out that the critical question about economic models is whether or […]
Lembre-se: há decisões que só se toma uma vez na vida, mas que acabam influenciando todo teu percurso. Não se precipite nas suas escolhas, porém, lembre-se que só a pessoa ousada vive o inimaginável
Conservative politics in 2025 faces a defining moment. The long-standing fusion of moral traditionalism and political libertarianism has lost its once dominant influence, with the risk of becoming irrelevant. Under Vice President-elect J.D. Continue Reading…
By Financial Sense Jan 14, 2025 – As we move through 2025, the global economy and financial markets are facing a critical juncture. Jim Puplava, founder and president of Financial Sense Wealth Management, recently covered the consensus forecasts…