“Production is the sole end and purpose of all consumption.”
–Donald Trump (not in so many words)
Caution: Hard Times Ahead
Comfort is a thief. Life is hard. Do more and suck less. Class dismissed.
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The Ghost of Inflation Past, Present, and Future
Austrians are used to being called cranks. Point out that inflation is a hidden tax, that monetary expansion distorts the structure of production, or that fiat currency erodes living standards in ways far subtler than headline Consumer Price Index (CPI) numbers ever...
Yet Another US Navy Surface Ship Fiasco
As I have mentioned, the US Navy can't catch a break from the cavalcade of calamities that is Navy shipbuilding for two generations. First they removed the 155mm gun when it was disclosed it was 800 thousand dollars a round Advanced Gun System (AGS) then it took five...