In their quest to avoid reality, our parents tried to re-establish the medieval practice of guilds to protect their own interest from our generation In medieval time’s workers formed associations or guilds to control the practice of their particular craft. A guild was basically a state granted privilege designed to keep potential new comers from…

The Europeans tried austerity, the act of reducing budget deficits, and they did not like it. It was no fun, so they decided to focus on growth instead. We have no idea what that means, but apparently they believe they can go back to the heydays when consumption had nothing to do with actual production….

Ludwig von Mises allegedly said that “government interventions create unintended consequences that lead to calls for further intervention, and so on into a destructive spiral of more and more government control” We agree with von Mises as this is exactly what has happened in labour markets. Our parents felt it was their right, given by God…

Inflation is another word that has become completely confused in everyday conversation. Inflation used to mean an undue expansion of the money supply. By undue, one would refer to an increase in the money supply over the supply of gold. Today, on the other hand, our parents refer to a general increase in consumer prices when they speak of…

We could write volumes on the western world’s obsession with their beloved welfare systems and volumes have been written. The reader is obviously familiar with most of this history and the glaringly obvious unsustainability of the systems enacted. We will therefore only make a couple of observations that are novel to the debate. When the…