Tomorrow on the Tom Woods Show I'll be talking to economist Bob Murphy, with whom I used to co-host the podcast
Contra Krugman, about what's going on with GameStop stock, hedge funds, and government.
It's been quite something to watch, though.
If the average American suffers a loss, that's a darn shame. If big players suffer a loss, shut everything down!
Hedge fund Melvin Capital just closed out its short position after suffering a massive loss.
How could this have happened? A bunch of newbs on Reddit coordinated something this massive?
I'm not sure that they really are newbs. They sound pretty darn informed to me.
Regardless, what a moment this is. How much more obvious can the elites make it? Things are supposed to go the way we want. When they don't, we go crying to regulators to save us. And the media can be counted on to report our version of events.
These days I think a lot of people have become so demoralized that they think they have no power. The Establishment dominates everything, and there is no hope.
But that isn't so.
If the Establishment had things well in hand, they wouldn't need to propagandize us so relentlessly.
And I hope it's obvious that this is true also in your own life and your own business: even in this day and age, the little guy can prosper.
Yes, the bad guys have been making some disturbing moves lately. But you can still do things -- like run your own store from your computer! -- that would have seemed out of science fiction a generation ago.
The first of the two encore presentations of our workshop on running eCommerce stores as an excellent newbie entry point into online business starts in under an hour: 10am Eastern.
Register for that one or the one later today at the link, and start 2021 off on a note of hope:
Tom Woods