Fast Rope

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The First Economics Lesson

by Henry Hazlitt via Mises Institute Lee esto en Español Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in, say, physics, […]

Doug Casey on How Economic Witch Doctors Convince Everyone They’re Neurosurgeons

by Doug Casey via International Man International Man: The average person doesn’t care about economics. But to the extent that he does, he only reads mainstream publications like The Economist and editorials in The New York Times. In these publications, the average person will find so-called economists advocating upside-down and destructive concepts like negative interest […]