Tag: Economic law
-
Trump revolution and pre-war Germany
What understanding and use of economic law made it possible for Germany to advance from economic bankruptcy and 25% unemployment in 1933 to conquest of most of Europe and North Africa? What application does the answer have to today’s world. To the Trump revolution, the price of gold and the future of stocks and bonds?…
-
Does The Fixed System use Austrian Economics?
I prefer the approach Rothbard takes in Man, Economy, and State (written 1975), his one-thousand-page magnum opus and attempt to include all the laws of economics. He built on the work done by his mentor, Ludwig von Mises, in Human Action. Mises was from Vienna, Austria. The name Austrian Economics derived from a simple fact…
-
Can Governments Fix a Market Price?
The Silver Market was recently found to be rigged. Can Governments Fix a Market Price? [box type=”info”]HISTORIC EVENT: LBMA SILVER FIX BREAKS, JANUARY 28TH — Silver Markets in Disarray After Benchmark Price FIXED AT $13.58, FAR BELOW REAL WORLD Trades, Spot Price[/box] No, they cannot. Consider the fact that all currency pegs have ultimately failed.…
-
Economic Law vs the Law of Gravity
Q: You’ve said that economic law is just as binding as the law of gravity. It seems to me that economics is more loosely organized and less useful than physics. Would you care to comment? A: Yes. Your comment has merit. There are charlatans in both fields. Both can be used for good or evil.…
-
Value of a Diamond in the Rough
Q: I’m having trouble understanding your statement that all value is subjective. I can clearly see how it applies to a diamond, but not to food. Food is necessary for life. Its value seems to be inherent or fundamental to the food itself. But you cannot eat a diamond. Its value is determined by passing…
-
Offshore Investment Diversification and Specialization
Both diversification and specialization have a proper place and function for anyone — not just investors and speculators — who depends on an asset’s income stream or capital value. What’s comfortable for one person may be inappropriate for another. However, there are generalizations worth considering. Let’s start with a few fundamental economic facts. Man has…