Socialism

It’s all the rage now, and New York has been overcome with it. Let’s begin with a definition of what socialism is. From my Webster’s Collegiate Dictionary, (1700 pages) which has exhaustive definitions: “Socialism: Any of various theories or a system of the ownership and operation of the means of production and distribution by society […]

Inflation

Over 4% Last Month! The definition of inflation: “An increase in the currency supply.” Very simple. Also simple, is “Stott’s Law,” which states that, “The more of anything there is, the less they will be worth,” and conversely, “The less of anything there is, the more they will be worth.” Look at any substance, such […]

China

Chairman Mao’s funeral was September 9th, 1976. THAT WAS FIFTY YEARS AGO. At this point, in my admittedly scarce knowledge of Chinese history, other than discovering fireworks, I honestly believe that beginning 50 years ago, China had discovered nothing, patented nothing, and for all practical purposes, mass manufactured nothing, and imported and exported not much […]