The Mises Wire was kind enough to publish my critique of George Orwell’s book The Road to Wigan Pier!
Honestly, I was really proud of this review and critique. I had heard so many good things about this particular book, and was amazed to find how shallow its analysis was.
I would love if you would go give it a read.
…and all the men and women merely Doomers.
But seriously, I recently read a little piece over at Of Two Minds and Mr. Smith spends a lot of time defining Doom Loops, but not really explaining how we should be reacting to them. So, I figured I’d contribute a little analysis, and maybe some advice.
A recent article at the Mises Institute got me thinking about the concept of “passive investments.” The article was written by Daniel Moule, and is called “Taxing Capital Leads to Capital Consumption.” Setting aside the general argument Moule is trying to make, I find his concept of “passive investment” to be a possible source of confusion.