According to Wikipedia, the Economic Calculation Problem as coined by Austrian economist Von Mises states:
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[…] pricing systems in socialist economies were necessarily deficient because if a public entity owned all the means of production, no rational prices could be obtained for capital goods as they were merely internal transfers of goo
Sometimes you wanna go..
Where everybody knows your name
And they’re always glad you came.
You wanna be where you can see,
The troubles are all the same.
You wanna be where everybody knows your name
The famous theme song of Cheers under today’s identity politics obsessed terms can be renamed to “nobody knows your name” (or don̵… Read more
Yesterday’s article, I concluded with the observation that Communism (and socialism to a lesser degree) rely on lethal force as their primary motivator:
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How exactly does one plan to move the Communist game theory optimum to one of maximum work yielding infinitesimal individual gain, from one that rewards laziness? It should be easy to see how “le
Communist sympathizers and supporters in western society who have lived a life of relative comfort under a non-Communist system have little to no knowledge of how regimes led by Mao, Stalin, Pol Pot and countless others come about, constantly coming up with rationalizations for their support of an ideology that never worked and will never … Read more
Scott Adams, Dilbert cartoonist, calls him a “master persuader”.
Perhaps it’s time to give credit to the fashionably unlikable president and acknowledge that Trump knows how to talk. It’s probably also time for most hardcore partisans, whether they are for or against Trump, to start looking at issues pragmatically rather tha… Read more
As a follow-up to yesterday’s article, let’s shift focus to the debt-spending tactics of the federal government, whose nefarious end goals are the same as the Ontario provincial government, but are much more transparent.
Finance Minister Bill Morneau is a little less careful with his words as the ulterior motive behind their so-called R… Read more
In academic level math courses, provided they are unencumbered by postmodern thought, you are generally given credit even when you don’t arrive at the right answer, but you showed your work to demonstrate a correct logical thought process for most of the way.
You would have earned partial credit because the answer was logically consistent up to a poi… Read more
Stock market falls 10% as Trump suggests trade tariffs.
Gold stocks rise on rumours of Federal Reserve looking to inject more stimulus into the economy.
Oil tumbles around escalating tension between Iran and Saudi Arabia.
BitCoin falls 20% amid Korea talk about cryptocurrency regulation.
Do these headlines sound familiar? Mainly becau… Read more
It’s time to brace for another hit to my search engine rankings, as I write yet another blog post on Silicon Valley’s brutal discrimination and identitarianism.
Wall Street Journal, famous for its misleading journalism to suit its own agenda, had the temerity to betray its own ideologues by pointing out the discriminatory hiring practice… Read more
In Canada, why is snow in Winter considered a special weather statement?
Nowadays, weather sites like theweathernetwork.com feel like they need to constantly issue a giant red warning icon to remind all of us that we do indeed live in Canada, and sometimes it snows in Winter.
We live in peak clickbait times. Everything is breaking news. Everything … Read more