There is something to Trotsky's vision of man under communism. From all historical appearances, man under a totalitarian state functions differently than a man under liberty. And degrees of man exist as society slowly turns from liberty to slavery.
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One year, at the beginning of spring, a duck built a nest in the moat, under one of the many bushes. As her ducklings hatched and grew, it came time for them to search for water. However, despite their repeated attempts, the ducklings could not jump from the moat to the walkway bridge.
Friday, May 28, 2010
KA-POW! #32 - Fedako
Thursday, May 27, 2010
Tuesday, May 25, 2010
KA-POW! #31 - Mises
A drop in the gross market rate of interest affects the entrepreneur's calculation concerning the chances of the profitability of projects considered. Along with the prices of the material factors of production, wage rates, and the anticipated future prices of the products, interest rates are items that enter into the planning businessman's calculation.
The result of this calculation shows the businessman whether or not a definite project will pay.
Thursday, May 20, 2010
Monday, May 17, 2010
KA-POW! #30 - Riggenbach
What Holt wanted, in a nutshell, was freedom for those being pushed around — freedom from interference by others. But, he wrote in Freedom & Beyond, "few of us really believe in freedom. As a slogan, it is fine. But we don't understand it as a process or mechanism with which or within which people can work and live. We have had in our own lives so little experience of freedom, except in the most trivial situations, that we can hardly imagine how it might work, how we might use it, or how it could possibly be of any use to us when any serious work was to be done."
Thursday, May 13, 2010
Tuesday, May 11, 2010
KA-POW! #29 - Tucker
I'm on a Sunday walk and a nice boy tries to sell me lemonade. A budding entrepreneur! Still, I decline. So he strengthens his pitch: "I'm donating the profits to stop child abuse."
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This proves that the traditional rap on capitalism is false. It is not only about private gain for the few. Business can be as enlightened as the individuals running them. Note that all this praiseworthy other-directedness is being accomplished within the matrix of exchange, which has wrongly been maligned as selfish. As we can see, there is no contradiction between doing good and doing well. All these innovations that merge the third sector of charity with the first sector of profiteering illustrate that capitalism can adapt itself to an age of broad-minded social concern.
Wednesday, May 5, 2010
KA-POW! #28 - Mogambo
“Nothing can be done and you are a moron for trying” is a snotty-yet-unshakable Foundation Stone of the Mogambo Grandiose Economic Theory (MGET), which, as a corollary, also says that you should always bet against the government using a fiat currency over the long term because that particular bet has always paid off, paying out unbelievable odds, which means you should be buying gold, silver and oil with Both Freaking Hands (BFH).