Home » Economics (Page 112)
Category Archives: Economics
Intermission: The Machine Stops?
Intermission: The Machine Stops? ‘I have seen the hills of Wessex.’ “The Machine,” they exclaimed, “feeds us and clothes us and houses us; through it we speak to one another, through it we see one another, in it we have our being. The Machine is the friend of ideas and the enemy of superstition: the […]
COP-26: Stopping Climate Change and Other Illusions
COP-26: Stopping Climate Change and Other Illusions Measured atmospheric CO2 at Mauna Loa Observatory. Note: red = the monthly mean values; black = the same, after correction for the average seasonal cycle. Do not expect significant progress from COP-26 on climate change mitigation. There are fundamental barriers that prevent the deep and rapid changes that […]
Waypoints on the road to currency destruction — and how to avoid it
Waypoints on the road to currency destruction — and how to avoid it The few economists who recognise classical human subjectivity see the dangers of a looming currency collapse. It can easily be avoided by halting currency expansion and cutting government spending so that their budgets balance. No democratic government nor any of its agencies […]
There’s No ‘Supply-Chain Shortage,’ Or Inflation. There’s Just Central Planning
There’s No ‘Supply-Chain Shortage,’ Or Inflation. There’s Just Central Planning It’s great that so many have copies of Adam Smith’s The Wealth of Nations, but very unfortunate that so few have read it. The alleged “supply chain” problems we’re enduring right now were explained by Smith in the book’s opening pages. Smith wrote about a pin […]
COP-26 is a global energy embarrassment
COP-26 is a global energy embarrassment For 26 futile years, the net-zero maniacs have wasted fuel, energy, and taxpayers’ money to bite the hands that provide their food, energy, welfare, and public-sector jobs. Led by E.U. and AUKUS dreamers, they destroy reliable energy from coal, oil, nuclear, gas, and hydro while forcing us to subsidize […]
Energy Demand Destruction Will Lead To Global Recession, Tellurian Chairman Warns
Energy Demand Destruction Will Lead To Global Recession, Tellurian Chairman Warns One month ago, Goldman said that the one thing that could accelerate the resolution of Europe’s energy crisis was plain, simple “demand destruction” – i.e., a plunge in demand due to prices that were too high until the reduced demand leads to less supply and a […]
China Housing Market Is On Life Support
China Housing Market Is On Life Support We must understand the housing market in China to fully comprehend how wealth is stored by many people in China. To those looking in from the outside, the housing market in China appears a house of cards ready to collapse at any minute. It is also a market […]
Truckers Wanted
Truckers Wanted It seems that the state of Florida is doing more to address the supply chain crisis than the entire Biden Administration. The American Trucking Association reported that their industry now has a record shortage of 80,000 drivers. Truck drivers are essential to maintaining a steady supply chain, and despite the climate change narrative, […]
What is the Federal Reserve Hiding From Us?
What is the Federal Reserve Hiding From Us? “The most inappropriate monetary policy that I’ve seen maybe in my lifetime.”- Paul Tudor Jones on the Federal Reserve via CNBC The Federal Reserve has three mandates per their Congressional charter. They are to effectively promote maximum employment, stable prices, and moderate long-term interest rates. The Fed […]
Global Food Prices Set To Soar As The Oil And Gas Crunch Continues
Global Food Prices Set To Soar As The Oil And Gas Crunch Continues Oil and gas prices have risen dramatically this year as a result of underinvestment and recovering demand. Higher fuel prices are weighing on global food supply chains, with transportation and farming costs continuing to climb. The hardest hit will, once again, be […]
Why Supply Chain Disruptions Will Persist
Why Supply Chain Disruptions Will Persist Just-in-time (JIT) is a production model used by companies to create items for immediate demand. The point of JIT is to avoid the waste associated with overproduction. But when supply chain snarls appear, JIT has become a significant headache for US companies such as Ford who has had to […]
Economist Michael Hudson Explain Bankers Are Parasites and Not Part of the Real Economy
Economist Michael Hudson Explain Bankers Are Parasites and Not Part of the Real Economy
The Global Economy Is Rapidly Slowing Down
The Global Economy Is Rapidly Slowing Down Summary Between a domestic real estate bubble bursting, the Evergrande debt crisis, electricity power outages, plus negative service and manufacturing PMIs in September, China’s economic slowdown has been very swift. The practice of defaulting on foreign debt and trying to restructure domestic debt is common in emerging market […]
Oil Prices Will Remain High For Years To Come
Oil Prices Will Remain High For Years To Come A growing number of major investment banks are turning bullish on oil in the medium to long term. A lack of investment is leading to supply deficits as demand rebounds to pre-COVID levels. Rebounding consumption and tight supply could push oil prices even higher. Six years […]
