You know what’s funny? When Trump fans act like they hate communism and socialism while supporting policies straight out of The Communist Manifesto.
“China is destroying their currency? Quick, let’s destroy ours faster!”
It doesn’t surprise me, Republicans and Democrats who know nothing about economics. What does make me scratch my head is seeing a few libertarians entertain ridiculous ideas like Universal Basic Income.
If you want to know why free markets produce far better results for more people than central planning does, take a look at Economics in One Lesson by Henry Hazlitt.
First published in 1946, at a time of rampant statism in the US and abroad, this brilliant and concise book taught millions the bad consequences of putting politicians in charge of economies.
Hazlitt’s focus on non-governmental solutions---strongly reasoned---along with his general emphasis on individual liberty, and the dangers of state intervention makes his work every bit as relevant and valuable today as it was 70 years ago.
One of the most prolific intellectuals of our century, Mr. Hazlitt was born in 1894 and died in 1993, at the age of 98. In his final years, he often expressed surprise that Economics in One Lesson had become his most enduring contribution.
He wrote it to expose the popular fallacies of its day. He didn’t know that those fallacies would be government policy for the duration of the century.
With over a million copies sold, this book is an essential guide to the basics of economic theory. It brilliantly breaks down fiscal and monetary misconceptions that are so prevalent, they’ve almost become a new dogma.
While trying not to get distracted by the beautiful people on the beach, I covered all of this and more in my latest video from Sorrento, Italy.
I also talked about the stock market, why Trump is crying for lower interest rates, the purchasing power of the dollar, minimum wage laws, and more.
But like OMG, wouldn’t 1,000 FREE Federal Reserve Notes every single month be like, totally awesome? Who cares what happens when they increase the money supply, amirite?
Watch the new vlog here:
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