"There are no causes of poverty. To ask what causes poverty is like asking what causes cold...it is the absence of energy. Similarly poverty is the absence of wealth. We should ask, “what are the causes of wealth?”
- Madsen Pirie
On Liberal and Conservative Origins
by Jason Riddle
To better understand and situate the current state of the American politics, we must first appreciate the origins and evolution of the liberal and conservative ideologies. Drawing on the insights of Murray Rothbard, Herbert Spencer, and Roderick Long, this week's commentary explores the twists and turns of the liberal and conservative movements. Spoiler alert: Both have histories of utilizing authoritarian power structures designed to centrally order society according to their respective visions.
Yesterday the Federal Reserve announced "QE Infintity", pledging to buy $40 billion of Mortgage Backed Securities every month until they feel like stopping. This will boost stock prices, but it doesn't bode well for the dollor or for the US economy. (Listen Here)
Atlas Shrugged– Ayn Rand (1957) - Atlas Shrugged is arguably the greatest novel ever committed to paper. Well worth the 1200 page investment, this book changes lives. According to a 1991 survey by the Library of Congress and the Book of the Month Club, Atlas Shrugged was second only to the Bible as having the greatest influence on readers. In this magnum opus written fifty years ago, Rand brilliantly outlines her philosophy of Objectivism in a fictional setting that is strikingly parallel to America today. I have yet to come across a better articulation of how the world works. This is a must read. (Read More)
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