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Tag Archives: mises institute
Bob Dylan as Economic Prophet
Bob Dylan as Economic Prophet We have a habit on our trading floor of playing Bob Dylan whenever the markets start selling off. We hardly ever play Dylan these days. Though I consider the Nobel Laureate something of a personal classical liberal icon, I don’t remember exactly how this office tradition ever started. But the […]
What Has QE Wrought?
What Has QE Wrought? [Editor’s Note: Watch Ron Paul deliver this Special Report here.] The Great Recession began in 2007. It didn’t take long for the money managers to recognize its severity, and that a little tinkering with interest rates would not suffice in dealing with the economic downturn. In Dec. 2008, the first of four Quantitative […]
Will the Dollar Survive the Rise of the Yuan and the End of the Petrodollar?
Will the Dollar Survive the Rise of the Yuan and the End of the Petrodollar? This might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent monetary observers, that in 2018 the […]
The Economic Benefits of Ending the Fraud of Fractional Reserve Banking
The Economic Benefits of Ending the Fraud of Fractional Reserve Banking Fractional reserve banking (FRB) is fraudulent. It should be prosecuted as a crime rather than accepted as normal practice under current banking laws. Any society that respects property rights and the rule of law would not allow it. For those unfamiliar with the term […]
In a Stateless World, Can You Grow Veggies In Your Front Yard?
In a Stateless World, Can You Grow Veggies In Your Front Yard? The Miami Herald reports that a local couple is going all the way to the state supreme court to fight a local ordinance banning front-yard vegetable gardens: Hermine Ricketts and her husband Tom Carroll may grow fruit trees and flowers in the front yard […]
How Central Banks Widen Wealth and Income Gaps
How Central Banks Widen Wealth and Income Gaps The Federal Reserve’s latest Survey of Consumer Finances, according to Federal Reserve Governor Brainard, shows that the share of income held by the top 1 percent of households has risen from 17 percent in 1988 to 24 percent in 2015, and that the wealth held by that […]
Is There Any Way Out of the ECB’s Trap?
Is There Any Way Out of the ECB’s Trap? The ECB faces the Devil’s Alternative that Frederick Forsyth mentioned in one of his books. All options are potentially riskly. Mario Draghi knows that maintaining the so-called stimuli involves more risks than benefits, but also knows that eliminating them could make the eurozone deck of cards collapse. Despite […]
Is Korea Just a Smokescreen?
Is Korea Just a Smokescreen? In my last article (Sticking the arson charge on a couple of patsies) I questioned why North Korea’s nuclear program was attracting such attention from the United States. North Korea is a very poor and backwards country whose bellicosity reflects the regime’s need for an external enemy like the United […]
Low Interest Rates Subsidize Wealthy Households
Low Interest Rates Subsidize Wealthy Households When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus drum. Politicians, however, disagree over the type of stimulus to implement. The center-left party proposes greater expenditures on public assistance programs. The center-right party supports permanent tax […]
Krugman and the “Heroic” Fed
Krugman and the “Heroic” Fed Once an avid reader of Paul Krugman’s New York Times twice-weekly columns, I admit to rarely even glancing at his work now, since I know that anything he writes is going to have the theme of “Trump evil, Democrats good” each time, and it doesn’t take long to get one’s […]
Shooting War in North Korea? History says Yes.
Shooting War in North Korea? History says Yes. Washington insider Jim Rickards says a shooting war with North Korea is inevitable within the next six months. “Nobody wants the war. Nobody is rooting for the war, but it’s coming.” Rickards believes Kim Jong Un will launch another missile any day. The following explains why. “In […]
In a Cashless World, You’d Better Pray the Power Never Goes Out
In a Cashless World, You’d Better Pray the Power Never Goes Out When Hurricane Maria knocked out power in Puerto Rico, residents there realized they were going to need physical cash — and a lot of it. Bloomberg reported yesterday that the Fed was forced to fly a planeload of cash to the Island to help avert disaster: […]
America: The Dictatress of the World
America: The Dictatress of the World On July 21, 1821, John Quincy Adams, who would go on to become the sixth president of the United States, warned that if America were ever to abandon its founding principle of non-interventionism in foreign affairs, she might well become the dictatress of the world. Adams issued his warning […]
Why Small States Are Better
Why Small States Are Better Andreas Marquart and Philipp Bagus (see their mises.org author pageshere and here) were recently interviewed about their new book by the Austrian Economics Center. Unfortunately for English-language readers, the book is only available in German. Nevertheless, the interview offers some valuable insights. Mr. Marquart, Mr. Bagus, you have released your new book […]
