Wednesday, April 16, 2008

It’s not that oil is becoming so much more valuable
It’s that fiat paper is becoming less so
NEWS FLASH: debasing a currency causes prices to rise!
The good needless wars
Were World Wars I and II — which can now be seen as a thirty-year paroxysm of slaughter and destruction — inevitable? Were they necessary wars? Were the bloodiest and most devastating conflicts ever suffered by mankind fated by forces beyond men’s control? Or were they products of calamitous failures of judgment? In this monumental and provocative history, Patrick Buchanan makes the case that, if not for the blunders of British statesmen — Winston Churchill first among them — the horrors of two world wars and the Holocaust might have been avoided and the British Empire might never have collapsed into ruins. Half a century of murderous oppression of scores of millions under the iron boot of Communist tyranny might never have happened, and Europe’s central role in world affairs might have been sustained for many generations.
I have been a financial adviser for 20 years. There has also been a change among my clients in their attitude about government in general. Many in the WW2 generation love big government. It is like they are slaves who love being slaves and love their master. Their children, on the other hand, are afraid of liberty, but resent their master.
From the LRC blog.

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