Beyond the initial oil shock, the Iran war is also laying the foundation for ongoing monetary inflation and price inflation, with no real change to the US regime’s commitment to easy money.
All aboard! Government policies are moving us down the tracks into proverbial political perdition. This is a ride many of us would rather not be taking.
The so-called money multiplier that exists through fractional reserve banking is propped up by central banking and inflation. It is not a good thing for the economy.
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Sub-6% mortgages are gone as rates climb to 3-month high
Fuelling at service stations has been restricted to 50 litres per day for private vehicles and 200 litres for companies and other priority users such as farmers.
"The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements."
Issues of homelessness and vagrancy in public spaces and on public transportation are made worse because government ownership of the property does not allow for exclusion. Instead, we get the “tragedy of the commons.”
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The Interesting Lies of Samuelson: How We Naively...
If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good scenarios, in reality, finding it is even more unlikely than sighting a unicorn.
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Visualizing The Boom-Bust Cycle with Roger Garrison
In memory of Roger Garrison, Bob walks through Garrison's famous capital-based macroeconomics diagrams, showing how they translate the Mises-Hayek theory of the boom-bust cycle into the language of modern macroeconomics.
Two interviews, two timelines: before and after the Middle East war. Mark Thornton explains what the conflict means for oil, inflation, and why gold and silver still signal deeper trouble ahead.
Combining binary and triangular interventions, the state coercively taxes citizens to pay for its services, monopolizes certain services, and then is incentivized to engage in paid non-delivery.
WSJ: "To broaden access to private markets, we should first restore public markets for small and medium-size companies so that all investors have an array of public and private choices."
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Trump's ill-fated attempt to copy Israel's 'mowing...
Thanks to massive government intervention, modern capitalism hardly reflects the free market economy built up by entrepreneurs. What matters now in the business world is the access to those with political power.
"[The Pentagon] announced the deployment of 5,000 marines and sailors, as well as USS Tripoli, an amphibious assault ship, to the Middle East, signalling the possibility of a ground operation."
Do we have free will? Do only a few of us have free will? Does anyone have free will? Thomas Pink tries to answer those questions, and Dr. David Gordon examines his explanations in this week’s Friday Philosophy.