L'historique des métaux précieux en Chine

China's Hard-Money History - Dan O'Connor - Mises Daily: "Over the past few centuries, central banks have secretly imposed a hidden tax on their citizens by printing paper money and destroying the savings of the paper holders."

Planification centrale de l'économie: de la famine à grande échelle

Mass Starvation in North Korea « LewRockwell.com Blog

Scurvy, among Other Problems, Went Away - Jeffrey A. Tucker - Mises Daily

Scurvy, among Other Problems, Went Away - Jeffrey A. Tucker - Mises Daily: "We should be conscious of the cause-and-effect relationships operating in the world of human action that give rise to the globally extended order we call the market economy, an order fueled by human choices, entrepreneurship, and relentless learning and copying — and kept together by pricing signals, private property, and the freedom to trade. These institutions are what are bestowing miracles on us every day, the Jetsons world that amazes me every day.

We also need to be aware of its opposite, the gargantuan apparatus of compulsion and coercion called the state, which operates on principles that are anachronistic to the core. Its principle is violence, and its contributions to the social order are prisons, economic upheaval, and war. It is lumbering, stupid, and angry as hell, and it is the main drag on the world today. The contrast with the market is overwhelming."

L'or: indissociable de la liberté

Gold means freedom – a notion also highlighted by the fact that Lenin,
Mussolini, and Hitler banned private gold ownership at the outset of their dictatorships.
-Ronald Stoeferle

Qui dit qu'il n'y a pas de bulle en Chine? Le cas de la station Centrale de Guangzhou

Via Zero Hedge:

Submitted by Tim Staermose of Sovereign Man

Guangzhou South Station: Something Out Of A Zombie Movie

When I left my hotel bound for the new Guangzhou South Station the other day , I didn’t know much about the station– where it was, how far from the hotel, etc. After about 25 or 30 minutes in the cab, I still hadn’t seen any signs for the station and grew concerned that the cabbie was just taking me for a ride.

As we eventually approached the station, I began to understand why it was so far out of town. Clearly, the only way they could find enough contiguous land to build this monstrosity was to go WAY into to the outskirts of the city.

In the end, it was a 27.82 kilometer (17.39 miles) cab ride from my downtown hotel, and took 49 minutes to get there. I know this because Chinese taxis are very efficient and give you a highly detailed receipt.

Guangzhou South Station is absolutely COLOSSAL. By comparison, it is much bigger than any of the 3 international airport terminals in Manila where I live… and I’d say it’s over 8 times larger than the Central Airport Express Station in Hong Kong.

...
All of this certainly begs the question– how many more empty buildings and unused train stations can they possibly build? More importantly, what happens to China’s economy when all this fixed asset spending starts to subside?

La citation du jour

There are 2 ways to sleep well at night: to be ignorant or to be prepared.
-Simon Black

L'inversion du progrès par l'État

How Blessed Is the State That Thus Destroyeth the Car - Jeffrey A. Tucker - Mises Daily: "Is reversing a century of progress a good way to make life better? The planners think so, because they have a different idea of what life should be like. They want the city to be more like an ant farm than a place for choosing, dreaming, and accomplishing."