Documentary on Japanese crisis of the 1990s is an eye opener

Documentary on Japanese crisis of the 1990s is an eye opener

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https://youtu.be/p5Ac7ap_MAY?si=i1K7FYkLgXN9UXQA Princes of the yen is about how the central bank of Japan caused a financial bunnle so they could tank the Japanese economy till changes in the economic structure could be implemented. Thousands of businesses went bankrupt and people were committing suicide in droves and it was all done on purpose by the central bank of Japan. Its horrifying It is a brilliant book written by an investment analyst from Germany who worked at the Tokyo branch […]

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Milei’s Key Pending Task: Ending Argentina’s Currency Controls (Part I)

Milei’s Key Pending Task: Ending Argentina’s Currency Controls (Part I)

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Daniel Raisbeck In November 1881, Juan José Dardo Rocha, governor of the Province of Buenos Aires, passed a decree that forbade the use of a widely used torture device called the cepo. The Cambridge Dictionary defines a cepo thus: “formerly a wooden frame in which a criminal was fastened as a punishment.” The Spanish Royal Academy Dictionary goes into greater detail: Cepo: An instrument made of two thick pieces of wood, which when joined together form round holes in the middle, in […]

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41 Percent of Chicago Teachers Were Chronically Absent Last Year, Report Finds

41 Percent of Chicago Teachers Were Chronically Absent Last Year, Report Finds

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More than four in 10 public school teachers in Chicago were chronically absent last year, according to a new report released by the Illinois State Board of Education. Chronically absent teachers missed 10 or more days of school, including sick days and other personal leave, but not including most long-term leave, such as parental or medical leave, according to the report. The problem isn’t confined to Chicago. While 41 percent of Chicago teachers were chronically absent, 34 percent […]

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Fall of empires and inflation

Fall of empires and inflation

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I recently discovered that only 1 military empire, the Byzantines, was able to successfully use currency and not fall into the debt spending and eventual debasement or unstable inflation of their monetary system. There’s several other examples from the bronze age or from pre-colonial Americas, but they didn’t use money in the modern sense. Every single other example I could find was eventually put into a position where debt spending was necessary and the debt spiral that followed […]

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Nazis were Socialists

Nazis were Socialists

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The Edgy teen deleted their post after being confronted with undeniable proof that Nazis were, indeed, Socialists but I think it has a place here. The fact that the national socialists betrayed their origins doesn’t make them any less socialist because this is Standard Operating Procedure for every attempt that’s been made for more than a hundred years by more than a billion people. Same for murdering socialists that aren’t the exact flavor of socialism as the Ruling […]

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