Wall Street’s latest poison: Leveraged ETFs
Just as Wall Street created products to participate in the housing boom (subprime mortgages, mortgage backed securities, credit derivatives), the industry now has triple leveraged ETFs to satisfy the public’s…
Are smart cities just another way to nickel-and-dime us?
When municipalities embrace new technologies, people often refer to them as “smart cities.” However, all too often these technological “revenue enhancers” are nothing more than shakedowns of local citizens.
United in economic stagnation and false fears
In the wake of the Labor Party’s huge win in Great Britain, one is reminded that Labor and Conservatives are far more united in their economic and policy viewpoints than…
Praxeology and Animals
Utopians are not satisfied with imposing DEI on humans. They also want the state to treat animals as “oppressed” minorities with positive rights.
Group interests and the ‘good of the whole’
Progressives promote civil rights viewpoints as being “good for the whole” of society. Yet most of the modern civil rights movements and accompanying legislation simply promote the “good” of one…
Though popular, nationalizations ruin economies
When governments seize private firms in the name of nationalization, the moves are usually politically popular. However, it doesn’t take long for the nationalized firms to turn into a financial…
Biden’s student loan gift SAVE is simply a wealth transfer
The Biden administration is determined to do an end run around the courts and ram through yet another student loan forgiveness plan. It is not real “loan forgiveness” but just…
The Reality of Human Action
Human action is not a figment of our imaginations, nor is it a social construct. Praxeology describes real and purposeful actions by people who act on what they know or…
Anarchy in the UK
With political turmoil creating anxiety in Great Britain, The Economist chose to describe the political situation as “anarchy.” In reality, this is political chaos, not anarchy, since anarchy is based…