terça-feira, 23 de julho de 2019

Walter Williams

"Western civilization was founded on a set of philosophies that focus strongly on the sanctity of individuals and their power of logic and reason. This belief led to a desire to trust things that could be proven to be true or legitimate, from government to science. Judeo-Christian morality has formed the basis of most Western notions of ethics and behavioral standards. Thus, the attack on Western civilization must begin with the attack on the church and Christian values, and, just as important, the family unit must be undermined. The reason why the church, Christian values and family are targets of the left is they want people’s loyalty and allegiance to be to the state. The church, Christianity and the family stand in the way. " Walter E. Williams, July 2019,
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Western civilization was founded on a set of philosophies that focus…

Macroeconomia da atualidade

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Apresentação do Antony Mueller sobre aspectos teóricos e políticos da…

New Deal


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Franklin Delano Roosevelt's New Deal is regarded today as the…

A impossibilidade de abolir mercados

«In contrast to the common perception, socialism has been unable to kill the market economy. The market went underground and turned into a black market. Black markets existed in capitalist countries as well, but they worked underground because they dealt in illegal commodities and services. The black market under socialism served the same purpose, but the list of commodities and services included mostly items of everyday and innocent consumption that people under capitalism could easily purchase in stores. Virtually all groups of personal consumption products found their way to the black market at some time and in some places. Everything from jar lids to toilet paper was subject to black-market relations.»

O colapso de 1931

"Germany's financial collapse in the summer of 1931 was one of the biggest economic catastrophes of modern history. It led to a global panic, brought down the international monetary system, and turned a worldwide recession into a prolonged depression. The German crisis also contributed decisively to the rise of Hitler. Soon after the crisis, the Nazi Party became the largest party of the country which paved the way for Hitler's eventual seizure of power in 1933.
"The reason for the financial collapse was Germany's large pile of foreign debt denominated in gold currency which condemned the government to cut spending, raise taxes, and lower wages in the middle of a worldwide recession. As the political resistance to this austerity policy grew, the German government began to question its debt obligations, prompting foreign investors to panic and sell their German assets. The resulting currency crisis led to the failure of the already weakened banking system and a partial sovereign default.
"Hitler managed to profit from the crisis, because he had been the most vocal critic of the reparation regime. As the financial system collapsed, his relentless attacks against foreign creditors and the alleged complicity of the German government resonated more than ever with the electorate. Sadly enough, Germany's creditors hesitated too long to take the wind out of Hitler's sails by offering debt relief.
"In 1931,Tobias Straumann reveals the story of the fatal crisis, demonstrating how a debt trap contributed to the rapid financial and political collapse of a European country, and to the rise of the Nazi Party."
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Germany's financial collapse in the summer of 1931 was one of the…