The truth will out.
by Paul Craig Roberts via Institute for Political Economy Americans live from threat to threat. Now that the “covid threat” and the “Russian threat” have played out, we have the “inflation threat,” but is it any more real? It is true that the Central Bank has poured out unprecedented amounts of money for more than […]
by Daniel Lacalle via Mises.org For the past two years, governments in the European Union have engaged in contradictory actions by both suppressing economic growth through lockdowns and other covid-19 restrictions and simultaneously trying to “stimulate” their economies through monetary expansion by the European Central Bank. The results, not surprisingly, have fallen far short of […]
by Bas Spliet via Mises.org A little over one hundred years ago, the Austrian economist Ludwig von Mises started arguing that a socialist economy is impossible. In the turbulent years following the 1917 Bolshevik coup in Russia, Vladimir Lenin tragically proved him right in real time. Mises’s Argument In spite of all the pretenses of […]
by Nick Routley via Visual Capitalist The Briefing Four industries saw massive growth in the proportion of remote-friendly job postings Nearly one-third of new software and IT service jobs are listed as remote / work-from-home Charting the Continued Rise of Remote Jobs When the pandemic first took hold in 2020, and many workplaces around the […]
by Doug Casey via International Man International Man: Inflation, as measured by the government’s own crooked CPI statistics, recently hit a 40-year high. What is going on here? Doug Casey: The Consumer Price Index (CPI) itself has been totally corrupted over the years, mainly by changing definitions of what it entails. That’s why it’s interesting […]
by Jeff Deist via Mises.org Economics is about human action and choice within the context of scarcity. The problem facing economists is how to understand and explain human betterment, which is another way of saying production. The critical question, posed correctly by economist Per Bylund, starts with scarcity as the default point for understanding purposive […]
by H.A. Scott Trask via Mises.org As an American historian who knows something of economic law, having learned from the Austrians, I became intrigued with how the United States had remained prosperous, its economy still so dynamic and productive, given the serious and recurring economic fallacies to which our top leaders (political, corporate, academic) have […]
by Ryan McMaken via Mises.org In perhaps the most predictable column of the year, the Wall Street Journal this week featured a column by Walter Russell Mead declaring it’s “Time to Increase Defense Spending.” Using the Beijing Olympics and the potential Ukraine War to push for funneling ever more taxpayer dollars into military spending, Mead […]
by Jocko Buddy via Fast Rope On February 5, 2022, I posted that we will likely, and sadly, see a coming boom in death care businesses. A key driver for this post was a bombshell report from One America’s CEO Scott Davison. He shockingly revealed a massive Q3 (and Q4) increase in all-cause mortality in […]
Lee esto en Español by Michael Rectenwald via Mises.org In 2018, Ross Douthat of the New York Times introduced the phrase “woke capital.” Essentially, Douthat suggested that woke capitalism works by substituting symbolic value for economic value. Under woke capitalism, corporations offer workers rhetorical placebos in lieu of costlier economic concessions, such as higher wages […]
by Fast Rope The late Robert Wenzel knew exactly how bad inflation was going to get. He would not be surprised at all that the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) has officially reached 7.5 percent. In fact, he predicted it with amazing precision. It’s as though Wenzel had an […]
by Paul Craig Roberts via Institute for Political Economy The headline might seem extravagant, but it is true. Readers might not realize its truth, because people tend to associate slavery with confinement, but that is incorrect. The slave was confined to his place of work, because that is where his labor was used and mobility […]
The Bureau of Labor Statistics (BLS) just released its most recent Consumer Price Index (CPI) figures. Not good. The U.S. inflation rate has officially reached 7.5 percent for January 2022! According to Yahoo Finance, consensus estimates according to Bloomberg data was 7.3 percent. Big miss for the consensus. From the BLS, Increases in the indexes […]
by Jeff Thomas via International Man In 1987, Levon Helm, a former cotton farmer from Arkansas, sat brooding in his yard, trying to describe why his apparent success had turned to near-bankruptcy: “Well, it’s hard to put your finger on. You get behind financially and once you get behind financially, you seem to get behind […]
by Murray N. Rothbard via Mises Institute [This excerpt from Man, Economy, and State, with Power and Market is an explanation and elaboration of points first made in Ludwig von Mises’s Bureaucracy—and provides an excellent example of how Murray Rothbard’s treatise built on Mises’s to employ and extend the core analytical framework. The footnotes have […]
by Donald J. Boudreaux via AIER Tennis star Novak Djokovic famously (or, depending on your perspective, infamously) refused to get vaccinated against Covid-19 as a condition for entering Australia to play in the Australian Open. Djokovic’s refusal prompted National Review’s Kevin Williamson and Charles Cooke to engage each other in an online debate over the […]
by Walter Block via International Man Notice the question posed above mentions implementers, not supporters. The latter consists of, what? 95% of the electorate? We can document that some 2/3 of the voters favor a minimum wage of $15. It is my estimate that virtually all voters favor this law at some level. That is, […]
by Visual Capitalist and Tenacious Labs A Bird’s Eye View of the World’s Largest Cannabis Markets North America and Europe are home to some of the world’s most famous cannabis cultures, such as California and Amsterdam. However, even in these undoubtedly successful markets, cannabis legality varies by country—and as this graphic by Tenacious Labs explores, […]
by Dr. Joseph Mercola STORY-AT-A-GLANCE Finance guru Catherine Austin Fitts and Aleks Svetski, editor of Bitcoin Times magazine, discuss the breakdown of our economy and potential solutions Svetski believes Bitcoin not only is the answer to economic tyranny, but to individual sovereignty, while Fitts believes central bank control mechanisms are still at play within it […]
by Claude Frédéric Bastiat via Mises Institute A man (and the same thing may be said of a people) may procure the means of existence in two ways,—by creating them, or by stealing them. Each of these two great sources of acquisition presents a variety of methods. We may create the means of existence by […]
by Daniel Lacalle via Mises.org I was surprised to see a tweet from President Joe Biden showing the gross domestic product (GDP) of the United States for 2021 compared to the average GDP growth under other presidents. The tweet stated, “This didn’t happen by accident. Because of the actions we took, last year we achieved the fastest […]
by Fast Rope (updated February 8, 2022) I am growing increasingly concerned that the Covid-19 mRNA “vaccines” are much more dangerous than we were led to believe. Despite the incessant safety assurances from Minister of Big Pharma, Dr. Anthony Fauci, and his dutiful sidekick and head vaccine cheerleader, Dr. Rochelle Walensky, the covid data just […]
by Matteo Salonia via Mises.org The news from Italy has started to sound like good incipits for a dystopian fantasy novel or like a déjà vu recalling the Soviet Union. A couple of weeks ago, a new decree of the Draghi government established yet more rules restricting the lives of people who have not been injected with the […]
by Dr. Joseph Mercola STORY-AT-A-GLANCE Aquaculture promotes itself as a sustainable solution to overfishing, but it actually takes 1.5 to 8 kilograms (3.3 to 17.6 pounds) of wild fish to produce a single kilogram (2.2 pounds) of farmed salmon Fish farms pollute the aquatic environment and spread disease to wild fish. Farmed fish are also […]
by Raul Amoros and Christina Kostandi View the expanded version of this infographic to see all countries. Visualizing the State of Global Debt, by Country Since COVID-19 started its spread around the world in 2020, the global economy has been put to the test with supply chain disruptions, price volatility for commodities, challenges in the […]