Book discussion: the quest for cosmic Justice by Thomas Sowell. Worth listening to. Interesting that this book was published 1996. This has come a long way since then and suggests how long it could take to reverse.

Interesting to see how this is going to play out. The idea of Argentina becoming a beacon of freedom in Latin America is something I would wish for the world. The whole continent has been messed up by socialist ideas for so long. If they can start leaving it behind and the US get their act back together we are up for a really bright future. It will be a colossal uphill battle but one worth striving for.

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Ep. 24 Argentina’s next president could be Javier Milei. Who is he? We traveled to Buenos Aires to speak with him and find out.

Interesting thought to assume we are in Cold War II and money and the threat of total financial destruction being the equivalent of the A-Bomb this time between the US and China.

I read “the communist manifesto” long time ago and was puzzled by how logically inconsistent it is. I tried to read “Das Kapital” around the same time and failed miserably after a couple of chapters, because the obvious logical contradictions together with the appalling intellectual arrogance that was literally dripping out of every sentence was just unbearable… anyway… this is a so much better explanation why this school of thought is flawed than I ever could express.

These charts represent around 470 million people. Maybe stateless and neutral money isn’t completely useless after all.

Existence exists and reality is real. Your mind is your only tool to exist in this reality. The voluntary choice to not use it is the single cause of evil amongst men.

“Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to be the tool by which men deal with one another, then men become the tools of men. Blood, whips, and guns–or [Sats]. Take your choice–there is no other–and your time is running out.” Ayn Rand

One should ask Mr. Mosler: “How do you keep people playing the game if it is blatantly obvious that the referee is not following the rules anymore and is giving out points at whim?” I assume he would be honest to admit it’s by coercion at gunpoint… Warren Mosler explaining MMT: “Government spending is all done by data entry on its own spread sheet we can call ‘The US dollar monetary system’ . There is no such thing as having to ‘get’ taxes or borrow to make a spread sheet entry that we call ‘spending’. Computer data doesn’t come from anywhere. Everyone knows that! Where else do we see this happen? Your team kicks a field goal and on the scoreboard the score changes from, say, 7 point to 10 points. Does anyone wonder where the stadium got those three points? Of course not! Or you knock down 5 pins at the bowling alley and your score goes from 10 to 15. Do you worry about where the bowling alley got those points? Do you think all bowling alleys and football stadiums should have a ‘reserve of points’ in a ‘lock box’ to make sure you can get the points you have scored? Of course not! And if the bowling alley discovers you ‘foot faulted’ and takes your score back down by 5 points does the bowling alley now have more score to give out? Of course not!” Source:

Mosler Economics / Modern Monetary Theory

Innocent Frauds - Mosler Economics / Modern Monetary Theory

The 7 Deadly Innocent Frauds of Economic Policy Introduction The term ‘innocent fraud’ was introduced by Professor John Kenneth Galbrai...

What is money? I have come to believe that there are in essence two perspectives to understand money. Like the wave-particle duality two contradictory concepts seem to hold validity in describing what is actually going on. a) Money is a claim earned by creating value to get something of equal value back. b) Money is a public monopoly to allocate resources. Looking at the world it strikes me as obvious that only a) can lead to a free and civilized society while b) must lead into tyranny over a long enough time frame.

I would love to see Europe taking this warning seriously.