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- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
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- SRSrocco put together a graph tracking production for the top-four gold producers. You will note a pretty consistent downward trend. If these forecasts hold, we are looking at a 23% drop in output over less than a decade. http://bit.ly/2I5FJVb http://bit.ly/2D3w91e
- Ron Paul: The Federal Reserve Is King of the Price Fixers https://t.co/tCdD6vVgPz @SchiffGold
- Crushing Myths and Building a New Case for Gold: Gold Videocast with Albert K Luhttp://bit.ly/1PWtbdw @SchiffGold
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- Mainstream Proclaims Gold Is Back in Vogue https://t.co/6W9QjYnDa6 @SchiffGold
- Chinese Stockpile Gold at Accelerated Pace in November @SchiffGold https://t.co/NoTFGevE7T
- Bitcoin is a bit of a lobster pot — it’s easy to get in, but hard to get out. Gold also offers investors 4,000 years of history as a store of value, and that’s looking quite appealing right now. http://bit.ly/2DrHoEJ
- If Spending Is Our Military Strategy, Our Strategy Is Bankrupt
Thursday, May 12, 2016
[...] hostility between the races limits support for welfare. It is clear that racial heterogeneity within the US is one of the most important reasons why the welfare state in America is small.
>Overall, the cross-country evidence, the cross-state evidence (of Alesina, Baqir and Easterly, 1999, 2000, and the work presented here) and the survey evidence given here (and of Luttmer, 2001 and in Alesina and LaFerrara, 2001) all suggest that hostility between the races limits support for welfare. It is clear that racial heterogeneity within the US is one of the most important reasons why the welfare state in America is small. http://ift.tt/1bSxVE4 ...... My thoughts: This also explains: ... - why it grew a lot after the spread of nationalistic thought after WWI and WWII. - why the welfare state was invented by conservatives and nationalists in Prussia. - why the welfare state is so diffused in Nordic countries, that are relatively homogeneous as a population. - And, WILL explain why restricting or preventing immigration will not reduce the welfare state or the power of the state in general. As Rothbard explained, the state derives its power through consensus (see: the Anatomy of the State. http://ift.tt/1THLGoi ) and, as I understand it, the consensus is reached easily if the people think of each other as a big family, as a nation...