[This article is excerpted from volume 2, chapter 11 of An Austrian Perspective on the History of Economic Thought (1995).] Typically, determinist schema leave convenient implicit escape hatches for their creators and advocates, who are somehow able to rise above the iron determinism that afflicts the rest of us. Hegel was no different, except that his escape hatches were all too explicit. While God and the absolute refer to man as collective organism rather than to its puny and negligible individual members, every once in a while great individuals arise, “world-historical” men, who are able to embody attributes of the absolute more … Continue reading →

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The present federal tax code allows deductions for state income taxes. This is as it should be. Why? Because we should not have to pay taxes on what the locusts consume before we harvest the crop. This should be obvious. Let’s consider the doctrine of the tithe. A farmer should pay a tithe on that portion of the crop that he harvests, not counting the replacement seeds saved from the previous year. He pays on his net return. If he benefits from a harvest, he pays the tithe. What about that portion of the crop that is eaten by locusts … Continue reading →

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JOHANNESBURG – Step away from the crowd, look, see what no-one else is noticing – and that is where you can find what everyone is searching for. This is Jim Rogers’ key to success. He should know, he is a US dollar billionaire, one of the world’s foremost financial analysts and commentators and an author. Rogers is increasingly bullish about investing across Africa and emerging markets. Rogers, 74, has investments in many countries. One of his most recent is into a Hong Kong-listed coal mine in Indonesia. He was scoffed at, while the rest of the world is moving away … Continue reading →

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The “Field of Dreams” slogan for America’s NGOs should be: “If you pay for it, we will come.” And right now, tens of millions of dollars are flowing to non-governmental organizations if they will buttress the thesis of Russian “meddling” in the U.S. democratic process no matter how sloppy the “research” or how absurd the “findings.” And, if you think the pillars of the U.S. mainstream media – The Washington Post, The New York Times, CNN and others – will apply some quality controls, you haven’t been paying attention for the past year or so. The MSM is just as … Continue reading →

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Morgan Freeman is used to playing God, and in lesser roles, president of the United States. These days, however, Freeman has sold his image and aura to the worst warmongers on the planet. Morgan Freeman has signed on as a front man and propagandist for an all-out military confrontation with Russia, the only country that has the power to turn the United States into a burned out cinder. In a video that Freeman’s right-wing friends are circulating on social media, the actor declares that a new world war has already begun. “Russia is waging war on the U.S. ,” says the … Continue reading →

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“These are, after all, the same entities who insisted the North Koreans would not be able to launch a viable rocket for 3-5 years, … that insisted Saddam Hussein was in possession of WMD, … that there was no torture at Abu Ghraib prison, … and that the government had no bulk data collection program, until Edward Snowden revealed otherwise.” This has been a long time in coming. Few people are as well positioned as Roger Stone to maul the political witch-hunters running the House hearings and their ridiculous Russia-gate charade they continue to flog, (unsuccessfully) to the American people. He … Continue reading →

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Robin Hood may have been a fictional character, but the thing that drove him and his “Merry Men” to become outlaws was real enough: Oppressive laws. Specifically, oppressive taxes. At every turn, the Sheriff of Nottingham and his not-so-merry men would demand their pound of flesh. The only way Robin and his men could survive was to forget the law – and live outside the law. It was an act of desperation and necessity. This is happening again – to millions of American drivers. None of them merry. It starts with a ticket for a traffic offense – a pratfall that is becoming … Continue reading →

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