Lilly Tang Williams!

“Socialism is an alternative to capitalism as potassium cyanide is an alternative to water.” -Ludwig von Mises, Human Action: A Treatise on Economics

Yes.

“And yet the state, which, after all, is composed of men (although nowadays this is denied, at least by implication), obeys the universal tendency. It wants to serve us a great deal—more, indeed, than we desire—and to make us accept as real services what are often far from being such, and all this for the purpose of exacting some services from us in return in the form of taxes. The state too is subject to the Malthusian law. It tends to expand in proportion to its means of existence and to live beyond its means, and these are, in the last analysis, nothing but the substance of the people. Woe to the people that cannot limit the sphere of action of the state! Freedom, private enterprise, wealth, happiness, independence, personal dignity, all vanish.” Frédéric Bastiat

Fascinating interview. Thanks @Saifedean Ammous

Ross is free!

Fiat energy

The strange economics of solar

The market has a message for California: Enough, already!

Horrible take

Oy look.

TLDR: **Key Points:** * The worst individuals in a society are more likely to succeed in a totalitarian system due to their willingness to disregard ordinary morals and take ruthless actions. * A totalitarian leader must collect a group of followers who are prepared to submit to discipline and impose it on others, often by appealing to a common human weakness or hatred for an enemy. * The leader must be willing to do immoral things to advance within the party, and the principle of "the end justifies the means" becomes the supreme rule in collectivist ethics. * In a totalitarian system, intolerance, suppression of dissent, and disregard for individual life and happiness are essential and unavoidable. * The system relies on propaganda and control of information to make people accept the values they are to serve, often by using old words with changed meanings. * Collectivism ultimately means the end of truth, as people are persuaded to accept the validity of values they were never truly committed to. https://mises.org/articles-interest/why-worst-get-top?