"The social system of private property and limited government is the only system that tends to debarbarize all those who have the innate capacity to acquire personal culture." ~Ludwig von Mises
Fed independence platitudes are like the robes worn by Supreme Court justices. They provide the appearance of objectivity, sophistication, and sacredness. Underneath, it’s all politics.
~ Jonathan Newman, "The Myth of Fed 'Independence'," The Misesian, July-August 2025
Socialist Sen. Bernie Sanders applauded Trump’s plan to nationalize Intel and other chipmakers. Sanders is the same guy who co-authored the Green New Deal, which would have entailed a government takeover of the transportation and energy sectors for many dubious reasons, including promoting “justice and equity” and “repairing historic oppression” of certain ethnic groups. Trump’s motivation is obviously different, but at a certain point, socialist central planning and Trump’s attempted hostile takeover of capitalism start to look like the same thing. Stock buyers beware.
~ Rick Newman, "This week in Trumponomics: POTUS is on an investment spree," Yahoo!Finance, August 23, 2025
Going forward, China is going to become the AI leader of the world. And part of the reason is because they're doing open source, which is something that Global South (or the Global Majority) likes because it's going to lower their own costs in adopting AI. And then second, the reason why DeepSeek and other Chinese artificial intelligence companies are going to win is because they are able to do the same as American firms can do at a fraction of the cost. So when you have a combination of cheap and open source, that means it's going to be adopted throughout the entire world.
~ Shaun Rein, Twitter/X post, August 18, 2025
I know that many investors like to talk about their competitive advantages, but I’ve come to realize that I really don’t have any great advantages on the research side. So much of my process is simply trusting my gut. If I’m curious about something, it has a funny way of working, and when I become bored with something, it has a funny way of falling apart. I frequently have visceral views of things, and an uncanny inability to sleep when some position needs to be disposed of.
Competing investors, focused on harvesting real-time data for almost imperceptible competitive advantages have unlimited resources at their disposal, and we are always going to lose the informational arms race against them. Where we can win is through investing discipline, knowledge of prior cycles, and most importantly, by harvesting the foibles of others who fixate on the immediate, while ignoring that investing is a process—what happens a year or two from today, should get discounted today, yet rarely does, as investors increasingly truncate their timeframe.
~ Harris Kupperman, Praetorian Capital 2025 Q2 Investor Letter, August 7, 2025
If you neglect economics, which is really just shorthand for understanding how the world works, you will not achieve the goals that you have convinced yourself are far removed from economics.
~ Tom Woods, "Austrian Economics in the Age of Donald Trump," The Tom Woods Show, August 7, 2025
(Speech was given at 2025 Mises University.)
Go back to Wall Street, Scott. You are clueless about economic policy. Only free markets including in wages and labor, sound money and balanced budgets can actually revive economic prosperity, Trump-O-Nomics is just populist statism that will eventually generate an economic disaster for the long-suffering folks of Flyover America who mistakenly think the Donald is their savior.
~ David Stockman, tweet, August 5, 2025
Machiavelli contends that mass of people prefer appearance to reality. They prefer their fantasy to what actually exists. If they knew what politics really was, they wouldn't have a good night's sleep for the rest of their lives.
~ Ralph Raico, The Struggle For Liberty: A Libertarian History of Political Thought, p. 258
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