We’re all familiar with the term, “quantitative easing.” It’s described as meaning, “A monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply.”
Well, that sounds reasonable… even beneficial. But, unfortunately, that’s not really the whole story.
In 1961, Nazi executioner Adolf Eichmann was brought to trial for war crimes in Israel. At that time, there was worldwide discussion as to whether such a man could possibly be found not guilty, under the claim that he was “just following orders.”
I’ve been a holder of gold since the 1970’s. At that time, I was purchasing gold and silver for business reasons and found that, as the price was steadily increasing, I would be wise to buy more than I needed immediately, as I would most certainly profit from it in the near future.
Americans were taught about Paul Revere’s ride in school. He was said to have ridden from his home in the North End of Boston, to Lexington and Concord, to warn the people there that Federal troops had landed in Boston Harbour and would soon reach the townships.
Let’s say that you and several other shareholders owned a large building and you had reason to believe that its structure were faulty. Possibly you’d not maintained the building properly and you now realized that, if it were to fall down, you’d be liable for any damage caused.
Periodically, I’ll encounter someone who has read one of my essays and has decided not to pursue them further, stating, “You’re one of those ‘End of the world’ guys. I can’t be bothered reading the writings of someone who thinks we’re all doomed. I have a more positive outlook than that.”
In actual fact, I agree entirely with his latter two comments. I can’t be bothered reading the thoughts of a writer who says we’re all doomed, either. I, too, have a more positive outlook than that.
As Ludwig von Mises correctly stated, in a free state, no one is forced to remain within the state. Anyone who seeks to emigrate is free to do so. This is, in fact, one of the primary tenets of liberty – if you don’t like it, you can leave.
And so, it follows that, if the right to exit is curtailed in any way, the state has ceased to be free.
Whenever a movie has been a huge hit, the film industry tries to follow it up by doing a sequel. The sequel is almost invariably far more costly, as there’s the anticipation by those who create it that it will be an even bigger blockbuster than the original.
Roughly one hundred years ago, the people who “ran things,” – the drivers behind governments, big business and banking – formulated a concept called by a number of names, but, predominantly, the “New World Order.”
The sign above is located in the state of Chiapas in Mexico. In English, it says, “You are in the territory of Zapatista in Rebellion. Here, the people give the orders and the government obeys”.
Well, of course, what that really means is that the Zapatistas give the orders, not the people as a whole. Still, the people generally regard the Zapatistas as being more representative of their wishes (and less parasitical) than the government.