Is Trump a Genius or a Fool?

The singular question on Trump has always been is he a genius or a fool — I think we can all agree there’s no chance he’s neither. If he’s a genius, then the outrageous talk was a master strategy to … Read More

Precisely How Risky is the Dakota Pipeline?

On the Dakota pipeline, Wikipedia lists 29 oil spills in the past year, along 305,000 miles of hazardous liquid pipeline in the US. Average leak is 55,000 gallons, which is 1/10 of an Olympic pool, or 5 large tanker trucks.

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Progressivism and Eugenics, Down the Memory Hole

Progressives’ slickest trick is that every time their policies fail they claim “No, that wasn’t ‘real’ Progressivism.”

It’s the “No True Scotsman” fallacy. The fallacy that “your people” would never do something bad and, if they ever do, well those … Read More

Monetary Stimulus as History’s Weapon of War

Throughout history armies have used counterfeit currency as a weapon of war. Interestingly enough, the method used is nearly precisely what central banks do today to their own economies. The history of monetary stimulus as weapon of war informs … Read More

Bubble Bursting? Look at Bankruptcy Rates

Credit indicators are important in the Austrian understanding of the business cycle. Today we’ll look at one of the more important: bankruptcies.

First, why bankruptcies matter. It seems obvious — bankruptcies come in bad times — but let’s trace … Read More