McDonald’s sues Florence for $20million over refusal to allow restaurant on iconic square

[Excerpt from the Dallas-Ft. Worth Mises Circle, November 5.] Silver Lining: The Media has Lost Control of the Narrative I want to talk about some of the silver linings in this awful election, and one of the most obvious is this: technology really has allowed us to override the media gatekeepers, challenge the official narrative, consume real news and real facts, and threaten the political establishment’s grip on public opinion. The information genie is out of the bottle, and it’s not going back. In the digital world, people are abandoning what Tom Woods calls the 3×5 index card of allowable … Continue reading

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Last week, Austria issued a 70-year bond, the longest dated sovereign in the Eurozone. (Italy had issued a 50-year bond on October 4.) Austria’s bond issue was a “dual tranche transaction,” involving around 3 billion euros worth of 7-year debt and 2 billion of 70-year debt. The July 2023 bond yielded -0.191% while the yield on the November 2086 bond was 1.53%. And even at these piddling yields, order books exceeded $5.4 billion euros for the 7-year bond and 7.8 billion for the 70-year bond. In today’s environment, the eagerness to invest in long-term bonds is surprising, to say the … Continue reading

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The legend of Atlantis is one of the oldest myths of mankind, first told by Plato in around 360 BC, describing a prosperous land that disappeared without a trace and sunk into the sea. Many people believe that Santorini was once Atlantis, where a destructive eruption generated tsunamis that wiped out the Minoan culture. Current Prices on popular forms of Silver Bullion A new study suggests that the tsunamis may have been generated by the pyroclastic flow of volcanic material into the sea – a theory that challenges previous explanations. A new study suggests that the tsunamis may have been … Continue reading

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The current issue of Society begins with a review by Philip Rieff, written in 1964, of the sociological concept of “Ressentiment.” The concept here discussed by Rieff, then a professor of sociology at the University of Pennsylvania, goes back to the early 19th century, when the Danish theologian Søren Kierkegaard (1813–1855) introduced it, though not as a sociological term. Kierkegaard spoke about Ressentiment as a spiritual state that the man of faith must work to overcome. Later, Nietzsche, perhaps most conspicuously in his Genealogy of Morals (1887), reintroduced Ressentiment in regard to ethical and religious matters. Nietzsche employed this concept in … Continue reading

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Note: This is an excerpt from the new book, The Impeachment of Barack Obama and Hillary Clinton for High Crimes in Syria and Libya, by Michael Ostrowski and James Ostrowski (2016). What happened in Libya and Syria is simply a manifestation of a very dangerous mindset known as progressivism.  Progressivism amounts to a blind faith that government force can improve any given situation.  It is usually associated with domestic policy but progressivism also operates in foreign policy. Progressives ignore costs and consequences.  Progressives plunge into situations they do not understand, heedless of the consequences.  When progressives fail, they invariably attribute the failure to … Continue reading

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