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The Delusion Of Democracy & Central Planners' "Fatal Deceit"

Authored by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),

Don’t Plan on Living in St. Petersburg…

When we left you last week, we were describing why neither democracy nor planning works on a large scale. Austrian School economist Friedrich Hayek described the problem with great thoroughness in his book The Fatal Conceit.

 

Mohammad Goes Trump


Another liberal eager to spread the gospel of America at gunpoint (a katz / Shutterstock.com)

Reader Mohammed, who lives in Iran, writes to draw attention to this Roger Cohen column in The New York Times, in which Cohen derides the Trumpistas as “know-nothings.” The key graf:

Senate Passes Bill That Would Expose Saudi Arabia's Role In Sept. 11: Obama Veto Imminent

Senate Passes Bill That Would Expose Saudi Arabia's Role In Sept. 11: Obama Veto Imminent

After a month-long scare campaign waged by Saudi Arabia, and in no small part the Obama administration, which went so far as to threaten it would dump its US Treasurys (which the NYT previously had quantified as $750 billion however which the Treasury just yesterday disclosed for the first time in 41 years as only $117 billion suggesting the Saudis would likely also have to sell US stocks and any other US-denominated assets), if the US were to pass a bill that would hold it legally liable for the Sept 11 attacks, it will be up to Obama to veto the bill because moments ago the Senate unanimo

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