• Krugminator2's Avatar
    Yesterday, 05:41 PM
    I have the three book set of Human Action. The first 130 pages or so of the first book are unreadable. The actual economic reasoning is extremely impressive. He is very clear and logical. If you took something like equal pay laws or something like what is the role of the entrepreneur Mises is the best at breaking the issue down. I remember being pretty impressed with his reasoning on the gold standard even though I think it probably is isn't possible now. Mises is a very good defender of how capitalism raises standards of living.
    17 replies | 767 view(s)
  • Krugminator2's Avatar
    Yesterday, 03:13 PM
    You can safely ignore anything Hoppe says on any topic related to anything. As far as the rest, nothing on that list has practical value in how the world works. Rothbard is fine to read. He's like Noam Chomsky. Useful for mental masturbation on the internet. Not so useful for living in the real world. The best thing I have read by Rothbard was his book on the Depression and it was wrong about why there was a depression. Hayek is the most important liberty thinker for political philosophy. He is extremely thoughtful and his ideas are grounded in pragmatism. Constitution of Liberty covers the essentials to a free society. A Hayekian society actually works and prospers. Economics in One Lesson is good to understand microeconomics. Combine that with market monetarism for macro, and you get something that accurately describes reality and works in the real world. The Fountainhead for personal philosophy. I have three or four books by Mises. Human Action was worthwhile. The Law and other Bastiat stuff is good. Anything Milton Friedman and Thomas Sowell write are good and usually they apply to current issues. The Economic Way of Thinking is a very good textbook for economics that covers everything fairly and is for non-econ majors.
    17 replies | 767 view(s)
  • Krugminator2's Avatar
    08-03-2020, 10:49 AM
    Not surprising. He is neither libertarian nor conservative. He is a domestic terrorist who thinks laws don't apply to him just like BLM.
    72 replies | 1447 view(s)
  • Krugminator2's Avatar
    08-02-2020, 12:36 PM
    I just Googled to find out who the shooter was. He posted on Twitter about the need to be armed to protect against protesters. So he might have looked for a confrontation and people are hysterical about that. No one in any major media points out that the guy who was shot said in an interview hours before the shooting that he dared people people to stand up to him while he carrying. Seems like two idiots. But only one of those idiots initiated aggression by blocking the guys car while carrying a rifle. https://www.texastribune.org/2020/07/31/daniel-perry-austin-protest-garrett-foster/
    4 replies | 223 view(s)
  • Krugminator2's Avatar
    08-02-2020, 08:36 AM
    Krugminator2 replied to a thread Going Galt in Open Discussion
    https://en.wikipedia.org/wiki/Fountainhead_(yacht) The former CEO of Sears has a yacht named The Fountainhead. For some reason, he likes to say Mark Cuban owns it. https://www.bizjournals.com/boston/blog/startups/2016/07/mark-cuban-says-this-isnt-his-yacht-docked-in.html
    7 replies | 271 view(s)
  • Krugminator2's Avatar
    08-01-2020, 08:58 AM
    https://www.facebook.com/robert.higgs.568
    2 replies | 240 view(s)
  • Krugminator2's Avatar
    07-31-2020, 06:48 PM
    https://eugenicsarchive.ca/discover/tree/5233e4365c2ec500000000dc#:~:text=Keynes%2C%20John%20Maynard-,Keynes%2C%20John%20Maynard,the%20study%20of%20modern%20economy.&text=Keynes%2C%20however%2C%20was%20also%20a%20eugenicist. " Britain's economic plight, Keynes argued, was rooted in the hereditary weaknesses of its leadership. Successful technocratic liberalism would depend on control over the quality as well as quantity of human beings. Ultimately, in his essay “Economic Possibilities for Our Grandchildren,” Keynes predicted that effective eugenic management would bring about capitalism's end." https://www.cambridge.org/core/journals/journal-of-british-studies/article/keynesian-eugenics-and-the-goodness-of-the-world/1D1FE14255DA18E1DA28ED94E9680198 "He is a naughty Jew boy covered with ink–that kind of Jew–the kind which has its head above water, the sweet, tender imps who have not sublimated immortality into compound interest. He was the nicest, and the only talented person I saw in all Berlin. … Yet if I lived there, I felt I might turn anti-Semite. For the poor Prussian is too slow and heavy on his legs for the other kind of Jews, the ones who are not imps but serving devils, with small horns, pitch forks, and oily tails. It is not agreeable to see civilization so under the ugly thumbs of its impure Jews who have all the money and the power and brains." https://www.tabletmag.com/sections/news/articles/on-john-maynard-keynes-130th-birthday
    2 replies | 174 view(s)
  • Krugminator2's Avatar
    07-31-2020, 03:15 PM
    Wouldn't be stunned to see a rally in the dollar on all of the doomer sentiment. And the new highs in gold seem a little too obvious. Wouldn't be surprised if this breakout is really messy or fails.
    8 replies | 624 view(s)
  • Krugminator2's Avatar
    07-28-2020, 06:13 PM
    Stocks have returned 6.8% after inflation since 1800. Gold has returned -.4%. https://en.m.wikipedia.org/wiki/Stocks_for_the_Long_Run Buffett has returned 26,000,000% since 1965. More if you include his partnership. https://www.google.com/amp/s/www.barrons.com/amp/articles/berkshire-hathaways-investing-returns-a-breakdown-by-numbers-51582633800
    34 replies | 1863 view(s)
  • Krugminator2's Avatar
    07-28-2020, 04:57 PM
    All you did was take the the very top of an equities bubble and the trough in gold. Dow Return since 1920 1,885,591.529% https://dqydj.com/dow-jones-return-calculator/ That's right. Holding the Dow and reinvesting dividends has returned 1.9 million percent Let's see how gold has done 1920 Closing Gold price- 20.68 Today's closing Gold price - 1951
    34 replies | 1863 view(s)
  • Krugminator2's Avatar
    07-28-2020, 03:54 PM
    Owning physical metal has been an awful idea forever. You have storage costs and it is a pretty illiquid market that you take a huge hit on buying and selling. If you are bullish on a metal buying the futures or an etf is much better. And if you the world rapidly does go to hell and you think the physical metals are necessary then you can always convert your etf position to metals. Long story short, the physical metals are expensive insurance policy that has been a terrible bet. Dealers like Peter Schiff will thank you for your donation to their nice lifestyles though.
    34 replies | 1863 view(s)
  • Krugminator2's Avatar
    07-27-2020, 05:59 PM
    A large percentage of Jews in this country came here after WWII with nothing. The Nazis took their property. And yet Jews are by far the wealthiest. And it isn't like there aren't a ton of anti-Semites. Jews were blackballed from tons of jobs. Yet thrived in the US. Blacks on the other hand have done less well (but have still done very well relative to what they have done in the rest of their world). So why is that? They are only 5% of physicians despite having extremely low academic standards to get into medical school. https://www.aei.org/carpe-diem/new-chart-illustrates-graphically-racial-preferences-for-blacks-and-hispanics-being-admitted-to-us-medical-schools/ I would be less likely to use a black doctor knowing the results of this chart. They are 2% of college engineering students. https://www.post-gazette.com/opinion/2018/03/21/STEM-the-shortage-of-black-engineers/stories/201803210030 They make up a tiny percentage of business owners."whereas only 3.8 percent of black workers are self-employed business owners" http://ftp.iza.org/dp1292.pdf And the ones who are significantly less successful.
    16 replies | 425 view(s)
  • Krugminator2's Avatar
    07-27-2020, 05:36 PM
    Relevant poll to this topic from the other day. Americans Say Blacks More Racist Than Whites, Hispanics, Asians https://www.rasmussenreports.com/public_content/lifestyle/social_issues/americans_say_blacks_more_racist_than_whites_hispanics_asians
    51 replies | 1327 view(s)
  • Krugminator2's Avatar
    07-26-2020, 06:40 PM
    Never? How about with ebola? You think people have the right to walk around potentially giving something that will kill another person in a couple of days?
    9 replies | 546 view(s)
  • Krugminator2's Avatar
    07-26-2020, 05:21 PM
    1287396378407243777 Love reading about these peaceful rioters.
    75 replies | 2738 view(s)
  • Krugminator2's Avatar
    07-26-2020, 05:14 PM
    Yeah. Fuck that guy. If you are walking to a car like that, bye bye.
    75 replies | 2738 view(s)
  • Krugminator2's Avatar
    07-26-2020, 05:00 PM
    First of all, I always thought AK-47s were illegal outside of purchasing them from collectors. I thought they had to be made before 1986 or something like that. Nothing positive comes from carrying something like that to a rio-errrr, protest. Unless the British are trying to quarter soldiers in your town, open carrying an AK-47 is retarded. I watched the video from the dash cam of a car. The streets were filled with people blocking traffic. They weren't obeying walk signs. They were making the flow of traffic very difficult. The shooter turned down a street and he was swarmed by people like locusts pounding on his car. If some guy in a bandana has an AK-47 and is approaching a car in a mob of people, he no longer needs to be living. That is an aggressive action.
    75 replies | 2738 view(s)
  • Krugminator2's Avatar
    07-26-2020, 11:05 AM
    Basketball is planning on using audio from the NBA2k video games. Thought this was a little odd when I heard this a month or two ago but I guess everyone is doing. I think even golf was piping in cheering sounds last week. Crazy.
    27 replies | 656 view(s)
  • Krugminator2's Avatar
    07-25-2020, 02:37 PM
    If you have a mortgage, who owns the house? The bank or the person who owns the house? Whoops. Gave the answer away.
    33 replies | 1327 view(s)
  • Krugminator2's Avatar
    33 replies | 1327 view(s)
  • Krugminator2's Avatar
    07-25-2020, 07:56 AM
    Bondholders don't own a company. Equity holders do. . The number he cited was false. I addressed the point directly and then called the groups he cited as Communist, which they are.
    33 replies | 1327 view(s)
  • Krugminator2's Avatar
    07-24-2020, 05:45 PM
    Not really sure how to respond. You keep posting data from Marxist front groups. This is Ron Paul Forums. Corporate tax cuts aren't giveaways. A corporate tax probably doesn't even make sense because of how inefficient it is. And of course, corporations should exist. As Mitt Romney would say, corporations are people my friend. Corporations don't pay taxes. People do. If you lower the corporate tax rate one of only three things can happen. They pay workers more which is taxable. They pay a dividend which is taxable. The lower the price of their product which is an income increase for the consumer and will likely be spent else where which will be someone else's income which is taxable. I guess start by reading Economics in One Lesson.
    33 replies | 1327 view(s)
  • Krugminator2's Avatar
    07-24-2020, 10:44 AM
    Yeah. They don't. That is a completely made up number used by Communist propagandists.Not even a kernel of truth in it. Disgraceful. https://www.politifact.com/factchecks/2018/nov/16/bernie-sanders/bernie-sanders-digs-old-figure-fresh-attack-walmar/ It is a number put out by a group called Americans for Tax Fairness to demonize Wal-Mart because they have employees who get Medicaid and food stamps. http://www.msnbc.com/msnbc/walmart-government-subsidies-study#51652 Wal-Mart is free enterprise at its finest.
    33 replies | 1327 view(s)
  • Krugminator2's Avatar
    07-23-2020, 04:14 PM
    I hope I don't need an organ transplant but I agree. People should be able to buy and sell organs. If you live a subsistence life in India or Cambodia, selling organs to US citizens is good for the US citizen and good for the Cambodian. Trade is win-win.
    33 replies | 1327 view(s)
  • Krugminator2's Avatar
    07-23-2020, 02:02 PM
    Not sure why you would call it WalMarx. Wal-Mart is probably the single best example of the free enterprise system working. I marvel at how efficient and innovative they are. Headed to go there right now to get some groceries.
    33 replies | 1327 view(s)
  • Krugminator2's Avatar
    07-22-2020, 06:06 PM
    https://en.wikipedia.org/wiki/Swedish_financial_transaction_tax Probably the dumbest tax imaginable. You can get away with a very low rate but these rates like .1% and Bernie's .5% are insane. Math illiterate dunces. Collected less than 1% of projected revenue and led to financial collapse in Sweden in the late 80s/early 90s.
    3 replies | 261 view(s)
  • Krugminator2's Avatar
    07-22-2020, 06:01 PM
    One thing the video gets right. Monetary policy is driven by expectations. If people expect inflation they will spend now and it will be a self fulfilling prophecy. The Fed could create inflation by just credibly saying they will do WHATEVER it takes to get 2% inflation. That is perfectly congruent with the Milton Friedman view that inflation is forever and always a monetary phenomenon. Milton Friedman said when interest rates are ultra low you can print a lot of money and inflation won't follow a strict quantity theory of money. Amazing how ignorant all of these economists are of what Friedman actually believed. https://www.hoover.org/research/reviving-japan
    6 replies | 674 view(s)
  • Krugminator2's Avatar
    07-22-2020, 03:03 PM
    This can be argued both ways. It is always ridiculous when people get worked up one way or another on these marginal topics. That said, government's role is to protect people. If the federal government passed laws banning segregation in public places, states can't nullify those laws. Being a state isn't a license for tyranny. It is the federal government's job to make sure rights are protected if the state isn't doing the job. Same goes for rioting. If you own laundromat and a local government prevents you from defending the business and the cops are told to stand down, the federal government has a duty to step in protect the rights of the business owner. It is the reason government exists.
    32 replies | 1073 view(s)
  • Krugminator2's Avatar
    07-22-2020, 07:21 AM
    I couldn't think of a worse choice for the challenges the country faces right now., A gold standard is not happening (and probably an idea that is somewhere between suboptimal to terrible if you were designing money from scratch) and Trump puts someone on the Fed who wants America to end up like Japan because o of bad monetary policy.
    24 replies | 2924 view(s)
  • Krugminator2's Avatar
    07-21-2020, 03:02 PM
    I am a big Margaret Thatcher fan. I only know of Michael Brooks from him smearing the Iron Lady the day she died. He was a trash Communist sympathizer. Link to the video.
    10 replies | 327 view(s)
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