Given that Tesla is approaching lifetime highs…….
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Moral Bankruptcy
Has the fever broken? What people have been bidding up in recent days – – – cruise liners, airlines, and other utterly disastrous industries – – has been both insane and comic. But these all pale in comparison to the most recent financial fetish, which is gobbling up companies that declare bankruptcy. Let’s see how that’s working out:
Man, Economy, and State
After weeks of reading, I finally finished the nearly 1400 page tome written in 1962, Man, Economy, and State (with Power and Market) by Murray Rothbard. It is a remarkable work, but allow me to share one small morsel with you:
With the establishment of fiat money by a State or by a World State, it would seem that all limitations on credit expansion, or on any inflation, are eliminated. The central bank can issue limitless amounts of nominal units of paper, unchecked by any necessity of digging a commodity out of the ground. They may be supplied to banks to bolster their credit at the pleasure of the government. No problems of internal or external drain exist. And if there existed a World State, or a co-operating cartel of States, with a world bank and world paper money, and gold and silver money were outlawed, could not the World State then expand the money supply at will with no foreign exchange or foreign trade difficulties, permanently redistributing wealth from the market’s choice to its own favorites, from voluntary producers to the ruling castes?
(pages 1018-1019), emphasis added by Tim
This was written nearly 60 years ago. Does any of the above sound familiar?
