Rene

The New Deal was as American as jazz. Far from inspiring it, Keynes believed that much of it hampered the U.S. recovery. Roosevelt in turn rejected Keynes’s prescription for recovery. Attempts to link the New Deal to Keynes betray ignorance of both.

Many people claim the US blockade of Iran has failed, but that's absurd to say after 6 weeks. The truth is there's no alternative. Look at Russia, which for over 4 years exports oil through the Danish Straits under the nose of the EU. Where'd that get us? robinjbrooks.substack.com/p/the-us-block…

Last week at Rothbard University @mises released a book by @jtsale and I, “Murray N. Rothbard: The Making of an Austrian Economist.” We trace the intellectual development of Rothbard and his writing of Man, Economy, and State. Coming soon to an online bookstore near you!

@nicksortor I disagree.

🚨 IT’S OFFICIAL: The Late Show with Stephen Colbert is OVER, with its final episode airing last night And President Trump’s dancing on Colbert’s dead career 🤣 “You could take any person off of the street and they would be better than this total jerk. Thank goodness he's finally gone!”

NBC News, 1974. A reporter on a bus from Boston to New York asks passengers about the election. One man says voting is hogwash. The reporter asks if he ever voted. The man replies: a long time ago, but I learned later on that it was useless. That man was Murray Rothbard.

I saw some references to The Economist's glowing review of Chairman Mao in 1976 upon his death. It wasn't that easy to find the original, and no one had a PDF, however, here it is. "In the final reckoning Mao must be accepted as one of history’s great achievers: for devising a peasant-centred revolutionary strategy which enabled China’s Communist party to seize power, against Marx’s prescriptions, from bases in the countryside; for directing the transformation of China from a feudal society, wracked by war and bled by corruption, into a unified, egalitarian state where nobody starves; and for reviving national pride and confidence so that China could, in Mao’s words, “stand up” among the great powers." Where nobody starves.🤡 And this is an _economist_ magazine.

@scoopy_you40245 "You want that gun don't you Zed?" You want that capital don't you laborer?

stone cutting tools made by China

@sowelleconomics The findings of The Swedish Taxpayer's Association published in 1963 reached the same conclusion.

President Calvin Coolodge on lowering tax rates: "The first object of taxation is to secure revenue. When taxation of large incomes is approached with this in view, the problem is to find a rate which will produce the largest returns. Experience does not show that the higher rate produces the larger revenue.... I agree perfectly with those who wish to relieve the small taxpayer by getting the largest possible contribution from the people with large incomes. But if the rates on large incomes are so high that they disappear, the small taxpayer will be left to bear the entire burden." Thomas Sowell: "Trickle Down" Theory and "TAX CUTS FOR THE RICH"

@P_Kallioniemi Do you guys see the horse before the cart? I do too. Alice Weidel sees the cart before the horse. Pardon me Adobe Stock.

AfD Leader calls Russia a ‘great bear’ and blames Ukraine for being invaded. Again.

Das Kapital makes you more productive. It raises profits. Higher profits raise the demand for labor. Labor says I'll come if you pay me more. The capital owner says Do come in. I can afford it. Das Kapital raises wage rates.

@BohuslavskaKate Prussianism is raising its ugly head in Germany.

Alice Weidel: "I personally consider the war waged by Ukraine to be high security risk for Germany. You can’t keep poking big bear in the eye with hot iron, like drone attack deep into Russia, and expect nothing to happen." What a vile Russian shill. She lacks basic cognitive ability to remember that Russia started this war, Russia invaded Ukraine, and Russia is deliberately poking itself in the eye with hot iron every single day instead of just going home. ​Alice wants you to believe that imperial invasion is fine, but self-defense is wrong. Reject this Kremlin mouthpiece, dear Germans, do not vote for her!

LLM-powered AI agents are gonna be great! You should totally trust them!

Perspicacious. Bottom line - stay put? "O sprich mir nicht von jener bunten Menge, Bei deren Anblick uns der Geist entflieht! Verhülle mir das wogende Gedränge, Das wider Willen uns zum Strudel zieht! Nein, führe mich zur stillen Himmelsenge,"

Zucman fabricated the data behind that chart by intentionally leaving out the earned income tax credit for the poor and by intentionally misallocating 100% of corporate tax incidence onto the rich. Per his own numbers before those manipulations, the rich pay above 40% and the poor pay under 20%.

@JoshEakle Hm I don't know. We don't seem to have enough fiscal room to defend every nation on earth against their stronger neighbor. The US Treasury has to borrow money from the the great inflator the Fed to meet its basic obligations. How can we afford to fight for a small faraway nation?

Rubio: “I think China's preference is probably to have Taiwan willingly voluntarily join them.” This is the Trump administration laying the groundwork to abandon Taiwan, just like they did with Ukraine. Authoritarians around the world will celebrate.

Under the gold standard a citizen could vote every day. The following excerpt is taken from 'The Twilight of Gold' by Eugene Guccione published in @reason Magazine.

BOLTON: Trump's analysis of Ukraine is not what’s in America’s security interest, it’s about personal grievance. Putin plays on that in belittling Zelenskyy. He passes Russian propaganda to Witkoff, who passes it to Trump, who says it publicly. Putin exploits Trump’s weaknesses.

Keir Starmer defies calls to resign, says the NYT. Sir Stafford Cripps, Britain's Chancellor of the Exchequer 1947-1950, defied calls to devalue the pound at least a dozen times before he devalued it.

@lisaabramowicz1 Seems to me that BoE's abstention from buying the treasury's Gilts is a step towards the restoration of sound money. The onus is on the government to economize, to spend less so it doesn't have to borrow so much.

The "Liz Truss moment" of 2022 has turned into the UK's political reality, with 30-year yields soaring to their highest levels since 1998 and the pound weakening. "No matter who is in power, no matter their political leaning, there does not appear to be a credible plan to restore the country’s finances." bloomberg.com/news/articles/…

Hassett, translated: Now that we have fewer immigrants, we have fewer jobs. I know that contradicts what we told you when we said immigrants were taking your jobs. I just figured you rubes would fall for the lump of labor fallacy.