Category Archives: Economics

Quantitative Easing is Bad

Quantitative easing (QE) is an inflationary strategy. The FED basically creates and adds more money into the economy. Creating this new money devaluates all the existing money as more money becomes available. This is pretty much the same thing as when previous civilisations debased their coins by using less silver and more copper in them.

A The consequence of this is that the money you currently have buys you less than it previously would. Thus savers become losers when money loses in purchasing power. This basically discourages savings. But savings and investments are what fundamentally drive production and the economy.

That is roughly why I believe that QE is bad.

Blue text: edits made 2020-12-27

Learn Good Economics – George Reisman

I think that George Reisman is the best living economist today.

Reisman was a student of both Ayn Rand and Ludwig von Mises. Reisman’s magnum opus is “Capitalism: A Treatise on Economics“. It is available for free in pdf format on his website.
He has also written many great shorter essays on different economical subjects which are all available on Amazon for pretty much $0.99 a piece as far as I am aware.

A few days ago Reisman posted a series of lectures that he delivered between 1967-2007 on his blog which can help in understanding “Capitalism: A Treatise on Economics” better.

If you want to learn good economics, I recommend you to start reading Reisman and listening to these lectures.

Who is destroying the world?

You might not think that the economic views you hold are promoting socialism, but many of you would be wrong.

70 years ago, Ludwig von Mises, wrote an argument against the Middle-of-the-Road Policy that is very prominent in many self-proclaimed capitalist countries today.


It doesn’t have to be this way. You should read Mises, and other champions of reason, and make an effort to understand good ideas better.

If you chose not to care, to ignore it, I echo the words from Atlas Shrugged:
