Dragos MANAC


Work Like A Slave. Command Like A King. Create Like A God.

July 27, 2014 at 2:22am
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Reblogged from moneymanac
Better than classifying economics as mainstream/orthodox (“normal”) or non-mainstream/heterodox (“abnormal”), just see the family tree of economics schools.
Needles to say: the Austrian School is the one I highly recommend.

Better than classifying economics as mainstream/orthodox (“normal”) or non-mainstream/heterodox (“abnormal”), just see the family tree of economics schools.

Needles to say: the Austrian School is the one I highly recommend.

July 25, 2014 at 3:15am
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Reblogged from reason-manac-biz

Masterful piece by Professor Terence Kealey: The Myth of Science as a Public Good

Non-surprisingly for just a few people: government funding for science goes against science progress!

But this is just the first half an hour of the lecture, the other hour is an amazing session of Q&A.

You can also read the latest book he wrote on the subject: Sex, science and profits

July 24, 2014 at 5:05am
2 notes
Reblogged from misc-manac-biz

Learning a few things about how to make an argument. 

The sketch is called Argument Clinic, from Monty Python’s The Flying Circus.

July 23, 2014 at 1:35pm
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Reblogged from reason-manac-biz

Defending the Undefendable →

Do you like counter-intuitive facts? What if I was to tell you that the drug pusher, the dishonest cop, the profiteer or the employer of child labour perform useful, productive services? More than that, they improve the morality of the free market and do more good than thousands of emotional “anti-you-name-it” activists.

How can this be right? It sounds completely insane!  

Read: Defending the Undefendable - a very sobering and entertaining classic book by Austrian Economist Walter Block. Download the full PDF or ePub for free.

No time to read? Just listen to Defending the Undefendable Audio Book. Try a single chapter, to see if you get hooked on the reasoning process behind each defense case.

I’m sure you will love this book.  I am closing with a quote by FA Hayek, another popular economist many never head of, but which greatly influenced the modern world:

"A real understanding of economics demands that one disabuses oneself of many dear prejudices and illusions. Popular fallacies in economics frequently express themselves in unfounded prejudices against other occupations, and in showing the falsity of these stereotypes Block is doing a real service, although he will not make himself more popular with the majority."

July 16, 2014 at 2:53pm
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Reblogged from misc-manac-biz

Libertarian Joke →

A Libertarian joke for all of you freedom loving people out there:

I was walking home one evening and came upon a clearly depressed man standing at the edge of a bridge, looking like he was about to jump. I called out to him to wait, and ran over to see what was the matter.

It’s this country, he lamented. It’s falling into ruin and there’s nothing I can do about it. The election was the last straw. I don’t want to live on this planet anymore.

Well cheer up, I said. We’re all in this together. Say, are you a conservative, or a libertarian?

A libertarian, he said.

That’s great! I said. See, you’re not alone. Are you a free-market libertarian or a libertarian socialist?

Free-market libertarian, he said.

Me too! I said. Paleo-libertarian or neo-libertarian?

Paleo-libertarian, he said.

Hey, so am I! I said. Chicago or Austrian school of economics?

Austrian, he said.

Me too, I said. Hayek or Rothbardian strand?

Rothbardian, he said.

Same here, I said. Are you a consequentialist or deontological libertarian?

Consequentialist, he said.

So I said: Die, you statist scum! and pushed him off the bridge.

The original is a joke on religion.

July 10, 2014 at 1:23am
2 notes
Reblogged from moneymanac

The Concise Guide To Economics →

Plenty of good, intelligent people make poor economic choices. You can spot lack of economic insight in their statements. Usually emotions and preconceptions undermine their judgment.

I finally came across a book on economics that tackles all the major issues, is very easy to read, while being very profound. Every subject has 1-2 pages. It summarizes the essence of what you would learn from reading the top 10 books on that specific subject.

The Concise Guide To Economics by Jim Cox – is THE book you need to read to understand basic economics. You can download it for free. Start reading it today!

Don’t plead ignorance on this issue. Don’t ignore the subject. I have heard all the excuses before. You’re not too old, or too busy or too knowledgeable in other fields so you can foul others or yourself into thinking you can ignore economics. Invariably, you will pay handsomely for the privilege of economic ignorance.

Note: I used to recommend Economics In One Lesson as the first book on economics people should read. It still is a masterpiece. Read it after The Concise Guide To Economics if you have not read any of them. 

June 22, 2014 at 6:51am
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World heritage.

June 18, 2014 at 5:11pm
2 notes

The art of getting your point across the table:

If ifs and buts were candy and nuts, we’d all have a merry Christmas.

June 7, 2014 at 7:41am
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Nationalism, war and democracy

«In blurring the distinction between the rulers and the ruled, a democratic republic strengthens the identification of the public with a particular state. Indeed, while dynastic rule promotes the identification with one’s own family and community and the development of a “cosmopolitan” outlook and attitude, democratic republicanism inevitably leads to nationalism, i.e., the emotional identification of the public with large, anonymous groups of people, characterized in terms of a common language, history, religion and/ or culture and in contradistinction to other, foreign nations. Interstate wars are thus transformed into national wars.

Rather than representing “merely” violent dynastic property disputes, which may be “resolved” through acts of territorial occupation, they become battles between different ways of life, which can only be “resolved” through cultural, linguistic, or religious domination and subjugation (or extermination).

It becomes more and more difficult for members of the public to remain neutral or to extricate themselves from all personal involvement. Resistance against higher taxes to fund a war is increasingly considered treachery or treason. Conscription becomes the rule, rather than the exception. And with mass armies of cheap and hence easily disposable conscripts fighting for national supremacy (or against national suppression) backed by the economic resources of the entire nation, all distinctions between combatants and noncombatants fall by the wayside, and wars become increasingly brutal.»

Hans Hoppe - Democracy: The God that Failed. Download full PDF

June 5, 2014 at 8:41am
2 notes
Maturity Climb, or Life Unfolding?

Maturity Climb, or Life Unfolding?

June 3, 2014 at 3:04pm
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May 17, 2014 at 6:11pm
3 notes

Awesome drone view of Dubai.  

May 5, 2014 at 10:12am
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"Actions create consequences. Consequences which produce new worlds, and they’re all different. Where the bodies are buried in the desert, that is a certain world, where the bodies are left to simply evolve, that is another. And all these worlds, heretofore unknown to us, they must have always been there, have they not?

Reflective men often find themselves at a place removed from the realities of life. In any case we should prepare a place where we can accommodate all the tragedies that sooner or later will come to our lives, but this is an economy few people care to practice.

You are the world you have created. And when you cease to exist that world you have created will also cease to exist. But for those with the understanding that they’re living the last days of the world, death acquires a different meaning. The extinction of all reality is a concept no resignation can encompass. And then, all the grand designs and all the grand plans will be finally exposed and revealed for what they are.”

March 8, 2014 at 3:27pm
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You know, this place makes me wonder…

January 27, 2014 at 1:47pm
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One of the best interviews ever! Phil Donahue talks to Milton Friedman - the guy that famously said: If you put the federal government in charge of the Sahara Desert, in 5 years there will be a shortage of sand.

There are many lessons to be learned from Friedman, a 1976 Nobel laureate and libertarian. You can start with this video piece.