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Money Printing – Will it Help?

March 25, 2020

What are prices? A price is simply the ratio of one good to another. Usually a trade can take place when the ratio is met. For example a TV may “cost” $300.00. The ratio of dollars to TV’s is 300 to 1. What determines this ratio is generally the amount of dollars available versus the number of TV’s available. This is usually expressed as “supply and demand”. If MOAR dollars become available for trading for TV’s, the ratio of dollars to TV’s may go up. For example if the number of dollars available doubles, but the amount of TV’s remains the same, we would expect the ratio to be come 600/1 and the price of a TV would be $600.00.

History teaches that increasing the supply of money does not bring greater “wealth”, it brings higher prices. An example comes from the 1400’s to 1800’s when Spain began to bring gold and silver from the New World:

The Price Revolution, sometimes known as the Spanish Price Revolution, was a series of economic events that occurred between the second half of the 15th century and the first half of the 17th century, and most specifically linked to the high rate of inflation that occurred during this period across Western Europe. Prices rose on average roughly sixfold over 150 years. This level of inflation amounts to 1–1.5% per year, a relatively low inflation rate for modern-day standards, but rather high given the monetary policy in place in the 16th century.[1]

We are currently in a panic about a Corona virus. Much of the world’s economic output and trade has been shut down by this panic. This is called a “supply shock”. This means the number of “TV’s” (representing all goods), has gone down drastically. As far as we know the number of dollars available for purchasing “TV’s” has not gone down. This means the ratio of dollars to “TV’s” will go up. It has to do so. If it does not, then no one is buying.

How do you think the Federal Reserve has responded to these circumstances? If you guessed “create MOAR currency”, go to the head of the class! (Thank you Walter Williams). Here is Zero Hedge on Fed actions:

As part of the Fed’s ongoing nationalization bailout of the entire market, yesterday we pointed out that in a dramatic reversal away from years in which the Fed would not intervene in the corporate market, the US central bank would now buy Investment Grade corporate bonds, and would even intervene in equities, by purchasing the LQD investment grade debt ETF.

Will this encourage production? I doubt it. I am waiting for my helicopter money. How about you?

“Our” Congress does not want to be left out:

We have a deal, folks!

It appears on early Wednesday morning, the White House and Republican and Democratic Senate leaders reached a deal to keep the American economy humming during the virus crisis and hopefully avoid depression in the second and third quarters.

The new Senate proposal will inject $2 trillion into the US economy, just like a shot of heroin, providing tax rebates, four months expanded unemployment benefits, and several business tax-relief provisions aimed at supporting individuals, families, and businesses, reported The Hill.

There is MOAR:

The deal includes $500 billion for a major corporate liquidity program through the Federal Reserve, $367 billion for a small business loan program, $100 billion for hospitals and $150 billion for state and local governments.

It will also give a one-time check of $1,200 to Americans who make up to $75,000. Individuals with no or little tax liability would receive the same amount, unlike the initial GOP proposal that would have given them a minimum of $600. – The Hill

Have you ever wondered why businesses in this country become fewer and fewer and larger and larger? I think you just got your answer above.

So what do the Fed actions and the Congressional actions achieve (spoiler alert – increase some people’s popularity and not much else):

Oh, sure, handing out billions of dollars via various spending boondoggles ostensibly targeted at those hit hard by the decline in national income may give the impression of having avoided the cost. Ditto for having the Federal Reserve System flood the economy with new money.

No matter how you slice it, however, the pie is still smaller. That won’t change until production facilities reopen and people are allowed to move around. At best, the boondoggles and new money redistribute claims over the now smaller economic pie. They don’t avoid the cost of lost production.

The boondoggles do provide political cover for those enacting them. An electorate unschooled in economics falls for their hook, line, and sinker—seemingly every time. So it is with our government’s attempt to offset the consequences of shutting down economic activity. Lots of pomp and circumstance signifying nothing save the creation of yet more spending constituencies feeding at the public trough.

MOAR Liberty.

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Faith In Government?

March 23, 2020

I am hopeful that this pandemic is leading to a loss of faith in the Federal Government and an increase in faith in “We the People” and free markets. The development of tests for COVID-19 is an excellent case in point:

The government reversed course on February 29 and allowed private labs to begin developing their own tests. The results have been spectacular.

The old tests took two to seven days to process. The patient was left in limbo in the meantime. Within a matter of days of the government dropping its restriction, the Cleveland Clinic developed a test that delivered results within eight hours.

…

“The great strength the US has always had, not just in virology, is that we’ve always had a wide variety of people and groups working on any given problem,” Keith Jerome, the head of virology at the University of Washington, told the MIT Technology Review. “When we decided all coronavirus testing had to be done by a single entity, even one as outstanding as CDC, we basically gave away our greatest strength.”

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Covid-19 Panic!

Right now, the world is engulfed by the most frenzied panic I have ever seen. The panic is about a virus. We are told the virus is not the “flu”, but it is a corona virus. Corona viruses are not new.

I am hoping to inject a little bit of reason into this cauldron and hope that it helps bring some hope and optimism into the world.

First, we begin with a principle of self-similarity:

In mathematics, a self-similar object is exactly or approximately similar to a part of itself (i.e. the whole has the same shape as one or more of the parts). Many objects in the real world, such as coastlines, are statistically self-similar: parts of them show the same statistical properties at many scales.[2] Self-similarity is a typical property of fractals.

Why is this principle important? It is by this principle that we can apprehend/comprehend things that we cannot observe directly. For example, before we went to the moon, we were able to calculate the distance to it. We were never able to directly observe this distance (by a measuring tape or odometer), but by means of triangles, which were able to observe (small ones), and by the above principle, we were able to calculate the distance to it. So, we were able to “observe” something we could not see – like the future.

Wikipedia on the distance to the moon:

Early attempts to measure the distance to the Moon exploited observations of a lunar eclipse combined with knowledge of Earth’s radius and an understanding that the Sun is much further than the Moon. By observing the geometry of a lunar eclipse, the lunar distance can be calculated using trigonometry.

The earliest accounts of attempts to measure the lunar distance using this technique were by Greek astronomer and mathematician Aristarchus of Samos in the 4th century BC[28] and later by Hipparchus, whose calculations produced a result of 59–67 R⊕ (233000–265000 mi).[29] This method later found its way into the work of Ptolemy,[30] who produced a result of 64 1⁄6 R⊕ (253000 mi) at its farthest point.[31]

Obviously we cannot directly observe the future, but we can “observe” it indirectly, based upon the past. There have been pandemics in the past and it is reasonable to believe they will be self-similar to this one.

I think, so far, that the “media” has been hyping an exponential model to “predict” the size and duration of this pandemic. There is a “law of epidemiology” called Farr’s Law, quoted in this article on Mises:

Farr’s law is the opposite of the exponential growth “model” implied in the article above. This law of epidemiology was described in a March 2018 Infectious Disease Modelling journal article as follows:

In the mid-19th century, Dr. William Farr made the observation that epidemic events rise and fall in a roughly symmetrical pattern that can be approximated by a bell-shaped curve. He noticed that this time-evolution behavior could be captured by a single mathematical formula (“Farr’s law”) that could be used for epidemic forecasting….He used this approach to predict that [smallpox mortality in England from 1837–39] would decline rapidly. His predictions were close to what subsequently happened.

The Drudge Report links to something it calls, “Sick Map”.

The “Sick Map” purports to report the total confirmed cases in the world, the deaths and the recoveries. As I write it says total confirmed cases were 246,276 with 86,036 recoveries and 10,038 deaths.

Mr. Nelson, the author of the Mises article quoted above gave this for perspective:

Comparing the coronavirus’s death toll to that of related pandemics over the past one hundred years provides much-needed historical context for the outbreak. As of March 15, the death toll for coronavirus was 63 in the US and nearly 6,500 globally. However, death rates are unreliably high at 1.9 and 3.8 percent, respectively, because testing has so far been relatively low (and thus the denominator is unreliably small). By contrast, in America and the world the 2009 swine flu killed 12,000 and 300,000, respectively; the 1968 Hong Kong flu killed 100,000 and 1,000,000; and the 1918 Spanish Flu, 600,000 and 40,000,000. The dramatic decline in deaths over the past century is a very good reason for optimism.

Here is a quote from Dr. Pinsky from the same Mises article:

When I saw excessive corona coverage in the press, I had to respond. The weird part on social media is that people are angry with me for trying to get them to see reality and calm down….If you put corona and the flu together, it’s still a moderate flu season. Wash your hands, take precautions, do what you’re supposed to do….What I have a problem with is the panic and that businesses are getting destroyed and people’s lives are getting upended. Not by the virus, but by the panic. (Pinsky)

There are two types of people in the world. One group is inner-directed/self-directed and they favor freedom. The other group is outer-directed and they favor state control and herding. The fear of the corona virus and the belief that the State can be a savior from it is leading us to a tremendous loss of liberty and freedom. This takes away individual creativity and greatly diminishes the power of society at large. In other words (ironically, if you think of the old Army slogan), people will not be allowed to “Be all they can be”, because the state has no use for individuals, only parts in its machine. Taking away this creativity/individuality deprives the many and enriches the few.

Which group are you in?

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Bernie Sanders – Nut

I think Mr. Sanders is a nut case. He was quoted as saying this:

“What happened and existed in the Soviet Union was not socialism. It was authoritarian Communism,” Bernie replied, inducing a bunch of his historically illiterate fans to applaud.

If the state is going to take over everyone’s private property and control it, how exactly does it avoid being “authoritarian”???

“And Communism,” Bernie goes on, “whether in Cuba, whether in the Soviet Union or whether in other countries was marked by totalitarianism, was marked by throwing millions of people into the Gulag.”

Maybe he is joking? Mr. Sanders how do you go about robbing people? Don’t you use a gun or a knife? It does not matter if the state is the thief or someone/something else. The property owners are going to defend their property.

But leftists like Bernie like to act as if socialist ideology is incompatible with totalitarianism, when the opposite is true. The nationalization of industry and dispensing with property rights — necessary for any genuine socialism to occur — can’t be instituted without coercion and a centralized authoritarian effort. And even if the effort to redistribute property is first supported by the majority, as soon the state comes for your stuff — and it always does — the “democratic” part of the equation starts to dissipate.

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March Is Women’s History Month. Celebrate Rose Wilder Lane!

March 9, 2020 13 Adar 5780

Pesach is about one month away now. Pesach’s theme is freedom. Pesach memorializes and celebrates the birth of Israel and its exiting Egypt into freedom. Our very own Liberty Bell says: “Proclaim LIBERTY Throughout all the Land unto all the Inhabitants Thereof”. This is a quote from Leviticus 25:10:

And you shall sanctify the fiftieth year, and proclaim freedom [for slaves] throughout the land for all who live on it. It shall be a Jubilee for you, and you shall return, each man to his property,_ and you shall return, each man to his family.

This month is Women’s History Month. At Mises.org there is an article about Rose Wilder Lane, who was the daughter of Laura Ingalls Wilder (Little House on the Prairie). Rose Wilder Lane was a Communist. Then she visited the Soviet Union and observed the Communist state in action. Afterward she became a proponent of Liberty.

In 1919 I was a communist….

What I saw was not an extension of human freedom, but the establishment of tyranny on a new, widely extended and deeper base….

The Soviet government exists to do good to its people, whether they like it or not…To that end they have suppressed personal freedom; freedom of movement, of choice of work, freedom of self-expression in ways of life, freedom of speech, freedom of conscience….

Ms. Lane did a one-eighty. She wrote further:

Will [we] defend the Constitutional law that divides, restricts, limits and weakens political-police power, and thus protects every citizen’s personal freedom, his human rights, his exercise of those rights in a free, productive, capitalist economy and a free society? Or will he permit…suppressing individual liberty, sacrificing human rights to an imagined “common good,” and substituting for civil laws the edicts, or “directives,” once accurately called tyranny and now called administrative law? This is the choice that every American must make….the present situation puts it before us and requires a decision….

[N]othing whatever but the constitutional law, the political structure, of these United States protects any American from arbitrary seizure of his property and his person….

In 1933 a group of sincere and ardent collectivists seized control of the Democratic Party, used it as a means of grasping Federal power, and…began to make America over. The Democratic Party is now a political mechanism having a genuine political principle: national socialism….

[R]eactionary pseudo-thinkers shifted American thought into reverse….They called it “liberal” to suppress liberty; “progressive” to stop the free initiative that is the source of all human progress; “economic freedom,” to obstruct all freedom, and “economic equality” to make men slaves….We never heard that these United States are a political structure unique in all history, built upon…the fact that individual persons are naturally free, self-controlling and responsible….

These United States stand for a political principle that must conquer and change the whole world, because it is true….Americans have been creating a new world, the modern world…[but] We wanted the ancient thing that was marked “New.”…

Today, Federal administrative agencies have nearly destroyed those divisions of the political power which alone protect the property, liberty and lives of American citizens…because a state that dictates men’s action in producing and distributing goods must have undivided and absolute power.

[L]eading statesmen assume that…suppression of liberty is good for mankind, and that these new forms of an old tyranny are here to stay….
Free thought, free speech, free action, and freehold property are the source of the modern world. It cannot exist without them. Its existence depends upon abolishing these reactionary state controls and destroying the socialist State.

Pay close attention to the buzz words that Ms. Lane quoted:
“liberal”, “progressive”, “economic freedom”, “economic equality”. Mr. Joe Biden claimed the he is running with a “positive, PROGRESSIVE mission….” You can see/hear that here:

Human beings live in a dualistic world. We are material and spiritual at the same time. Most of us make the error of separating these two aspects of ourselves, but in this world you cannot. The material is spiritual and the spiritual is material. Each of these aspects has an influence over the other. Ms. Lane wrote:

“I am now a fundamentalist American; give me time and I will tell you why individualism, laissez-faire and the slightly restrained anarchy of capitalism offer the best opportunities for the development of the human spirit. Also I will tell you why the relative freedom of human spirit is better—and more productive, even in material ways—than…any other rigidity organized for material ends.”

I have been taught that it was women’s actions that set the Exodus from Egypt into motion. Moshe had a mother after all and without her, where would we be? So, this month lets celebrate the brave women who understood something about Liberty and lets do something to preserve it!

Ms. Lane gave some suggestions for doing that (spoiler alert – don’t vote for Mr. Biden):

The task before Americans is to end these police-controls of peaceful, productive American citizens, to repeal all the reactionary legislation and…Executive orders…to abolish the Federal corporations, departments, bureaus and agencies that dictate and enforce these State controls…to require men in public office to recognize again every American’s natural right as a free person….

No politician, yet, has asked American voters to give him the power to strip any State of the powers it has usurped from its citizens, nor to strip the Federal Government of the powers it has usurped from the States; to restore the rights of the citizens, the rights and powers of the States…nor to add…further restrictions that will adequately protect the property, liberty and lives of persons… and make the United States again the world-champion of human rights and the leader of the world-liberating revolution….

MOAR Liberty!

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What Might Our Government Be Doing?

This morning I read a very interesting article regarding COVID-19, based on an interview of Dr. Lawrence Broxmyer by Bill Sardi:

Based on an exclusive interview with Lawrence Broxmeyer MD

BULLET POINT SUMMARY

COVID-19 Coronavirus is as much an ecological disaster as it is a medical one. Initially it appears to be a unique experience centered in Wuhan, China. It emanates from an environment of incinerated pig waste, airborne particles, and low vitamin D blood levels in winter, and weakened immune systems, particularly among smokers, drinkers and the elderly.

It is believed both the Spanish flu of 1918 and the COVID-19 coronavirus began as zoonotic (animal to human) infections. Not from bats as first reported in the Wuhan COVID-19 outbreak, but rather from pigs, and pig waste.

The 1918 Spanish flu pandemic began in the midst of an infectious pig slaughter of undiscovered cause, a few hundred miles from Camp Funston, what is Fort Riley today. Similarly, the outbreak of the COVID-19 coronavirus outbreak began in the Wuhan, China area in the wake of a massive kill-off of pigs who were dying from African Swine Flu.

Viral outbreaks arise in winter, but so does tuberculosis.

Some types of mycobacteria do not have cell walls and can mimic the appearance of a virus under the microscope.

Antibiotics cannot be used for viruses. If a virus, then why aren’t antiviral drugs working but antibiotics are?

COVID-19 coronavirus may just be a “passenger virus,” not the primary microbial organism that kills by filling the lower lungs with fluid.

Both the current Wuhan COVID-19 coronavirus and tubercular mycobacteria do not tend to infect or cause serious disease in young children roughly 5-12 years of age.

Fear of the COVID-19 coronavirus may be misplaced. More people are killed by Mycobacterium tuberculosis (1.7 million) in a year than the few who have been infected (~80,000) or have died (less than 2000) of the COVID-19 coronavirus.

It is projected that the “COVID-19 Coronavirus” will peak worldwide in March and then return in a second but lesser peak in September, in accordance with Yang’s Wuhan study from 2004 to 2013, describing the annual TB surges in Wuhan, China.

What I found most interesting/disturbing was the conclusion:

If wrong diagnosis, how can it be properly treated?

If modern medicine doesn’t really know what is causing this disease, how can it effectively treat it? It has become an unspoken reality- – that sometimes the medical industry makes more money fostering a disease than curing it. Here is how modern medicine makes things worse.

A retrospective analysis of a quarantine of elderly vacationers on an ocean liner shows the isolation actually ended up causing 619 coronavirus infections rather than the projected 70 if the quarantine was not mandated. Quarantines place infected individuals indoors, away from sunshine vitamin D which can be considered an anti-viral/anti-TB supplement.

Regarding the Wuhan outbreak, Thomas M. File Jr., president of the Infectious Diseases Society of America was also concerned that the close proximity of a quarantine could expose people “to other infections that are even more easily spread than coronavirus, like tuberculosis, which is airborne, and bacterial infections that can spread among dense populations.” (New York Times, Feb 6, 2020)

Certainly Dr. File remembered that in 1990, a new antibiotic-resistant tuberculosis outbreak took place in a large Miami municipal hospital. Soon similar outbreaks broke out in three New York City hospitals from which it spread to city prisons. Like the origin of SARS, the infection spread in a nosocomial manner (hospital origin) – from patient to patient and from patient to staff.

As in Florida multi-drug-resistant strains made the New York TB cases almost impossible to treat and the majority of sufferers died, many within weeks. By 1992, resistant tuberculosis had appeared in seventeen US states, with mini-epidemics in Florida, Michigan, New York, California Texas, Massachusetts and Pennsylvania and was reported by not the American, but the international media, as out of control.

Dr. Broxmeyer often refers to this quotation by Albert Einstein: “The important thing is not to stop questioning.” With that in mind, Dr. Broxmeyer asks one final question in regard to the COVID-19 coronavirus hysteria:

“Are we to continue to let the coronavirus serve to as a tool to create political upheaval and a bonanza for drug and vaccine makers, or do we want to face reality, act in a constructive way, and have a discussion about a disease that most Chinese, including their scientists would prefer to avoid at all costs.”

If this is correct, it appears the government may be making a huge mistake.

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How Fractional Reserve Lending Makes Money Disappear

Mr. Shostak described capital consumption in his excellent article. The mechanism he described here, counterfeiting, leads people away from producing real goods and into financial “services” (aka counterfeiting). I think everyone would agree that post World War II, this country was very productive and was producing a huge amount of real wealth. Over the years, we have lost productive industries and our “economy” has become financialized. Our big industries are known as FIRE or Finance, Insurance, and Real Estate. This is where counterfeiting leads – capital consumption. FIRES burn everything up and leave you with nothing. Here is Mr. Shostak:

The existence of the system of fractional reserve banking permits commercial banks to generate credit not backed by real savings, i.e., the generation of credit out of “thin air.”
For instance, let’s say that farmer Joe sells his saved kilogram of potatoes for ten dollars. He then deposits this money with the Bank A. The ten dollars are fully backed by the saved kilogram of potatoes.

Now let us say that Bank A “lends” $5 to Bob by taking $5 from Joe’s deposit. The money hasn’t really been lent, because Joe still uses his $10 as if it it hadn’t been lent out at all. This means that whenever he deems it necessary he is entitled to take the $10 out of deposit. No additional real savings have been accumulated to back the $5 loaned to Bob.

Once Bob, the borrower of the $5, uses the borrowed money, he has in fact engaged in an exchange of nothing for something, the reason being that the $5 are not backed by any real savings—it is empty money.

What we have here is $15 that are only backed by $10 proper. The $10 are fully backed by one kilogram of potatoes—real wealth that has been saved.

As you can see, printing money/credit is much easier than growing potatoes or another crop.

One of the posters made a very interesting point, assuming freedom to issue notes:

The point is that outside of knowing what a single bank has issued, there is no concern about some national aggregate of currencies. Without currency aggregates, inflation is also rendered meaningless. If prices in two currencies go up and in three they go down, what’s the inflation rate?

I think the post made an error in its use of the word “inflation” and I think the post meant this to mean a measure of the general rise in prices. That being said, the post imagined a nation with multiple currencies. Multiple currencies would render the government’s statistic collection irrelevant and it would no longer be able to set economic policy for the nation as a whole. A world/country with multiple currencies would have much MOAR liberty and the government would have much less control.

Come to think of it, it is a shame that we ever had a Bretton Woods agreement in the first place.

MOAR liberty!

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Unlicensed Contractors Arrested in Florida

“HILLSBOROUGH COUNTY, FL — Following the completion of a nine-month-long construction fraud sting, the Hillsborough County Sheriff’s Office has arrested 118 unlicensed contractors accused of performing more than $540,000 worth of work illegally.”

It is interesting that this story made no mention of any homeowners, who felt any of these individuals defrauded them. This is an example of thought policing. The state thinks it can prevent crime or poor workmanship using licensing. It is not true.

In a free market business could set up associations that build a reputation and then those that want the benefit of that reputation could become certified by those associations.

Here is a different take on this sting operation:

Occupational licensing, whether it’s of contractors or hair braiders, is often much more about protecting incumbent businesses and government licensing revenue than it is about safeguarding the welfare of consumers.

Operation House Hunters is a perfect illustration of this, with cops going to great lengths to manufacture licensing law violations that either wouldn’t have happened or wouldn’t have produced unsatisfied parties.

The more effort law enforcement spends entrapping handymen, the fewer personnel and resources they have to devote to deterring other, more serious crimes. “These sting operations rake in big money in fines and court costs,” Sammis says. “Catching real criminals actually committing a crime is much harder.”

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Isn’t Secession the Civilized Way to Dissent?

A struggle has been going on in Virginia. Ostensibly it is a struggle between gun control advocates and second Amendment advocates. It may really be a struggle between rural areas and urban areas. The rural areas do not want the second Amendment abridged. The urban areas argue for abridging it. It seems to me that the urban areas really want/need a Constitutional amendment. There is an easier and more peaceful way – Secession:

As Mises noted, to force members of conflicting groups to live side by side within a single jurisdiction is problematic to say the least. It only encourages each side to become ever more fanatical in its drive to gain control of the machinery of government so as to oppress the other side. This is why Mises presented his plan as a means of avoiding violence: increasingly intense competition over centralized institutions of political power tends to lead to violence in the long term. The answer lies in decentralization and secession. Conversely, the potential for violence is minimzed by minimizing the state’s power. In the presence of a mostly laissez-faire government, neither side has much reason to worry about who controls the state. But the stakes climb ever higher as the state gains more power over peoples’ lives.

But “minimizing state power” certainly isn’t what is going on in Virginia right now. If anything, the state is moving very much in the opposite direction. In a prudent and flexible political system, those parts of the state dominated by the now out-of-power groups would be permitted to join themselves to regimes more in line with their cultures and ideological views. But we do not live in a prudent and flexible political system. We live in a system where the dictates of “democracy” are such that whichever group finds itself in the minority must submit to the elected ruling regime. “Or else.” No other option is permitted. This is a road that often leads to violence, either by private parties, or by the regime against the people.

It is too bad that we don’t have MOAR freedom.

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Your Money and Your Education

There is a sort of interesting case heading toward the Supreme Court,
which involves a dispute about how tax money (your money) should be
spent. Here is an articled from Time:

Kendra Espinoza of Kalispell, Montana, the lead plaintiff in the Supreme Court case, said the state court decision amounts to discrimination against her religious freedom. “They did away with the entire program so that no one could use this money to send their kids to a religious school,” said Espinoza, whose two daughters attend the Stillwater Christian School in Kalispell, near Glacier National Park.

She said she could not afford to keep her daughters enrolled without financial aid from the school, where tuition this year is $7,735 for elementary and middle school and $8,620 for high school. But Espinoza said she has never received money from the scholarship program and only began the application process late last year.

For Randi Weingarten, president of the American Federation of Teachers, the Montana program is part of a nationwide, conservative-backed campaign against public schools. “This is a ruse to siphon off money from public education,” Weingarten said. Teacher unions generally oppose school choice programs.

It looks like Mr. Weingarten is afraid of putting his educational
product into competition with another educational product and losing.

I know that Progressivism has taught everyone that publicly funded
education is somehow scientific and is therefore a better product, but is it really “scientific”? If the state funded product is really better, why are people forced to pay for it by the threat of “law” and why are they forced to send their children there by “law”? In my experience better products sell themselves.