Institutions and rules matter. “By binding the Crown to honor commitments that Parliament had sanctioned, England created what modern economists would recognize as a credible commitment mechanism. The sovereign could no longer expropriate creditors through inflation, default, or arbitrary taxation… Read More »Financial Power And Imperial Rule
Education has many advantages, but fixing disputes isn’t one of them. “But education does not—cannot—produce agreement on contested values. It cannot bridge axiom gaps. It cannot compel belief in those who smell the compulsion. It cannot cure the biases of… Read More »Education Cannot Save Us
On Saturday I was not watching news feeds. I did not know that USA has started an attack on Iran. I found out just in the evening when my wife told me. If she did not tell me, I would… Read More »Not Knowing
Immigrants might be taking our crime jobs. And crime still goes down despite.
New info for me. We actually have a southern border wall in EU.
We are moving back to Serfdom.
It is not great powers competing, it is Game of Thrones.
World is changing rapidly and what is true today won’t be so in a few decades. “It’s difficult to state just how stark and catastrophic of a collapse this is. The number of births in China fell by 17% in… Read More »Let’s save the human species!
New Rome is in trouble. “Empires do not end because they want to. They end because the numbers leave no alternative.” https://nitishastra.substack.com/p/how-debt-bankrupted-the-british-empire
To despair is human. But it is not productive. “Liberalism may have lost the first French Revolution, but it ended up winning the world — at least, for a while.” https://www.noahpinion.blog/p/where-does-a-liberal-go-from-here