Category economics

Crypto Currency as the New Gold Standard?

In 2017, the corrupt president of South Korea, Park Geun-hye, was lawfully removed by a national uprising of orderly, peaceful protesters. Ordinary housewives, business people and manual laborers gathered in public squares across the nation, held candlelight vigils and cleaned up their litter when they were done. In 1998, when South Korea suffered a liquidity […]

Ozio

I’m reading Machiavelli for a project and came across a concept that I think deserves more attention – ozio. Ozio is the term Machiavelli uses to describe idleness, luxury, and physical comfort. So far so common. However, the interesting thing is that Machiavelli doesn’t characterize ozio as leading to corruption, he characterizes it as being corruption. Put another way, […]

Thomas Sowell on Intellectuals

Thomas Sowell is one of the most famous members of the Chicago School of economics. This school, though not super famous on its own, is immensely influential in both academic and policy circles. The layman might accurately conceptualize of the Chicago School as a respectable, mathematically rigorous and very idealistic alternative to Ayn Rand – […]