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Inflation as a Tool of the Radical Left
Inflation as a Tool of the Radical Left “Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currency….Lenin was certainly right. There is no subtler, no surer way of overturning the existing basis of society than to debauch the currency. The process engages all the […]
As the Bubble Slowly Pops, the Economic Chain Reaction Is Now in Progress
As the Bubble Slowly Pops, the Economic Chain Reaction Is Now in Progress Much has been written about the economic consequences of covid-19, yet, just as in many of the analyses of the Great Depression and the 2008 crisis, the years of accumulating debt preceding the event do not attract the attention they deserve. Covid-19—or […]
WILL IT TAKE FOOD SHORTAGES TO END SUPPORT FOR THE SHUTDOWN?
Will It Take Food Shortages to End Support for the Shutdown? Americans are uniquely privileged, to the point of simply imagining they can stay home for months and months without suffering severe economic hardship as a result. Our unique privilege is delusion, the mentality that America is rich and will remain rich without particular effort […]
The COVID-19 “Lockdowns” Are What Twenty-First-Century Mob Rule Looks Like
The COVID-19 “Lockdowns” Are What Twenty-First-Century Mob Rule Looks Like As of April 6, forty-one states have statewide “stay-at-home” decrees in place. These orders vary widely from place to place. In some states, there are long lists of exempted industries including marijuana dispensaries, liquor stores, hardware stores, and of course, grocery stores. In some states with these […]
Why Central Planning by Medical Experts Will Lead to Disaster
Why Central Planning by Medical Experts Will Lead to Disaster A great deal of the coverage of the COVID-19 crisis has been apocalyptic. That is partly because “if it bleeds, it leads.” But it is also because some of the medical experts with media megaphones have put forward potentially catastrophic scenarios and drastic plans to […]
Corona Virus? The Chinese Central Bank Has a “Solution”
Corona Virus? The Chinese Central Bank Has a “Solution” In response to the economic paralysis brought about by the coronavirus, the Chinese central bank has pumped $243 billion into financial markets. On Monday February 3 2020, China’s equity market shed $393 billion of its value. Most experts are of the view that in order to counter the […]
The State of the Union: An Annual Reminder of Inevitable Default
The State of the Union: An Annual Reminder of Inevitable Default Last night’s State of the Union was particularly noteworthy for its showmanship. Scholarships were given away, medals were awarded, families reunited. At a time when national politics is bad theater, President Trump is clearly its most gifted star. Trump also knows what sells. As […]
Why Sweden Ended Its Negative Interest Rate Experiment
Why Sweden Ended Its Negative Interest Rate Experiment Negative rates are the destruction of money, an economic aberration based on the mistakes of many central banks and some of their economists, who start with a wrong diagnosis: the idea that economic agents do not take more credit or invest more because they choose to save […]
The Wealth Redistribution Scam that Is “Inflation”
The Wealth Redistribution Scam that Is “Inflation” The world over people are told that central banks pursue “price stability” by making sure that consumer goods prices do not rise by more than 2 percent per annum. This is, of course, a big sham. If the prices of goods rise over time, it does not take […]
The Warfare State Lied About Afghanistan, Iraq, and Syria. They Will Lie Again.
The Warfare State Lied About Afghanistan, Iraq, and Syria. They Will Lie Again. Today the Washington Post published a bombshell report titled “The Afghanistan Papers,” highlighting the degree to which the American government lied to the public about the ongoing status of the war in Afghanistan. Within the thousands of pages, consisting of internal documents, interviews, and other […]
De-Dollarization: Europe Joins the Party
De-Dollarization: Europe Joins the Party The ongoing “World War of Currencies”, as the German journalist Daniel D. Eckert called it, the battle for the future of the world monetary system is not a shallow action film but more like Game of Thrones – a complex series with hundreds of actors and locations, stretching over decades and demanding […]
Freedom or Government Control — There Is No True “Third Way”
Freedom or Government Control — There Is No True “Third Way” Every government intervention into the economy may not besocialism, but it is a step toward socialism. Interventionists claim to advocate for a ‘third way’ of economic organization, one that preserves the productive nature of capitalism, while merely reining in some of its destructive excesses. For instance, Sen. […]
