Interesting video from Mises about America’s Gilded Age, during which the nation experienced its fastest period of growth. A gold standard was in place during most of this remarkable period, and of course there was no income tax.
Taleb is one of the more logical economic voices in the punditshphere, which explains why he hasn’t been on CNBC lately (as is awkwardly discussed in the clip, below). Please do watch:
Jim Grant was in top form in the above piece. But I’m also impressed with Kelly Evans. First time I came across Evans she was challenging JPM’s chief economist in an online interview for the WSJ, and doing a fine job. I suspected she might be headed for something big. A few years later, and she’s a CNBC talking head, chatting with Jim Grant. Congrats. Keep it up, that unique anti-establishment bug you have.