Dmitry Chernikov’s Blog

Here’s Mises interpreting Marx: “The capitalists, in their subconsciousness ashamed of the mean greed motivating their own conduct and anxious to avoid social disapproval, encouraged their sycophants, the economists, to proclaim doctrines which could rehabilitate them in public opinion.” (Human Action, 78) Marx was in many ways right in his denunciation, except that he got [...]

Have the Federal Reserve buy up the entire country, that is, the assets of every public and private firm, quiet like. It’s really a piece of cake.

1. NF Idealists impose a constraint on SP Artisans as to how the latter live their lives: their lives must be a story, have an identity. More important, they must be true to their own artistic visions. On the other hand, SPs impose an imperative on NFs: they must fight for what they believe in. [...]

A promise seems to put one under an obligation to do as promised. There are two useful definitions of promising: the first makes the obligation a part of its essence, e.g. “promise is an oath that one ought to fulfill”; the other makes the obligation a part of its virtue, e.g., “promise is a declaration [...]