history, economics, and current events

Civil Unrest

Civil Unrest

On January 1, 2021, House Speaker Nancy Pelosi (CA) had one of her houses vandalized. “Cancel rent,” and “We want it all,” were spray painted on her garage door, with a pig’s head left on the driveway.

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The following day, Senate Majority Leader Mitch McConnell (KY) had his house vandalized as well. “Were’s [sic] my money,” was spray painted across his front door.

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The government is stuck between a rock and a hard place. The USA cannot afford to pay the taxes for the stimulus cheques but there would be a depression if people don’t get their stimulus money.

So they’ll print money.

“The wavelike movement affecting the economic system, the recurrence of periods of boom which are followed by periods of depression, is the unavoidable outcome of the attempts, repeated again and again, to lower the gross market rate of interest by means of credit expansion. There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” -Ludwig von Mises, Human Action (1949), page 570

A photo from Venezuela sums it up.

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The Reichstag Is Burning

The Reichstag Is Burning

2000 vs 2020

2000 vs 2020