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Tag Archives: central planning
Are You Willing to Starve for the Greater Good?
Are You Willing to Starve for the Greater Good? Central planners are pulling double shifts. Contriving plans and proposals to control what you consume, how you travel and cook, where your money is spent, and much, much more. You know who we’re talking about. The Davos WEF crowd. The UN, IMF, World Bank, and central […]
Are You the Collateral Damage of Central Planners?
Are You the Collateral Damage of Central Planners? The Conference Board – a nonprofit think tank that delivers cutting edge research – recently published its latest Leading Economic Index (LEI) for the United States. The findings were a giant bummer. In December, the LEI dropped for the tenth consecutive month. The LEI, if you’re unfamiliar with it, […]
Countdown to U.S. Government Default
Countdown to U.S. Government Default Central Bank Digital Currencies (CBDC) are coming. And they’re coming much faster than most people care to think about. Are you ready? At the moment, roughly 90 central banks – including the European Central Banks and the Federal Reserve – are either experimenting with, or are in varying stages of CBDC implementation. […]
The Futility of Central Bank Policy
THE FUTILITY OF CENTRAL BANK POLICY It is only now becoming clear to the investing public that the purchasing power of their currencies is declining at an accelerating rate. There is no doubt that yesterday’s announcement that the US CPI rose by 6.2%, compared with the longstanding 2% target, came as a wake-up call to […]
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 […]
We Are Entering The Age Of “Full John Galt”
We Are Entering The Age Of “Full John Galt” We are entering the age of “Full John Galt.” This is a time where society and politicians are rapidly dismantling the rights of ownership. This transfer of rights constitutes a transfer of wealth whether we wish to call it by that name or not. This is […]
Jerome von Havenstein: Inflation Or Bust
Jerome von Havenstein: Inflation Or Bust This week brought forth new evidence that – to be perfectly frank – we’re all screwed. On Thursday, the yield on the 10 year Treasury note topped 1.55 percent. Subsequently, the Dow Jones Industrial Average, after hitting an all-time high on Wednesday, dropped 559 points. Wall Street must not […]
Central Planners At Work
Central Planners At Work Consumption without Production “Every man is a consumer, and ought to be a producer”, observed 19th century philosopher Ralph Waldo Emerson. “He is by constitution expensive, and needs to be rich.” Ralph Waldo Emerson (May 25, 1803 – April 27, 1882), who inter alia opined on consumers and the need to not only consume, but also […]
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 […]
The Fed’s Answer to the Ghastly Monster of its Creation
The Fed’s Answer to the Ghastly Monster of its Creation The launch angle of the U.S. stock market over the past decade has been steep and relentless. The S&P 500, after bottoming out at 666 on March 6, 2009, has rocketed up over 370 percent. New highs continue to be reached practically every day. Over […]
The Final Act in a Terrible Play
The Final Act in a Terrible Play If you don’t follow me on Twitter, you’ve been missing out on some good stuff. With the brith of our third child a couple of months ago, it’s been increasingly hard for me to find the time to sit down and write longer posts, so I’ve been putting […]
Hitler’s Economics
Hitler’s Economics For today’s generation, Hitler is the most hated man in history, and his regime the archetype of political evil. This view does not extend to his economic policies, however. Far from it. They are embraced by governments all around the world. The Glenview State Bank of Chicago, for example, recently praised Hitler’s economics […]
Central Planning Failed in the USSR, but Central Banks Have Revived It
Central Planning Failed in the USSR, but Central Banks Have Revived It The Federal Reserve’s changing of the guard — the end of Janet Yellen’s tenure and the beginning of the Jerome Powell era — has me remembering what it was like to grow up in the former Soviet Union. Back then, our local grocery […]
Chasing the Wind
Chasing the Wind Futility with Purpose Plebeians generally ignore the tact of their economic central planners. They care more that their meatloaf is hot and their suds are cold, than about any plans being hatched in the capital city. Nonetheless, the central planners know an angry mob, with torches and pitchforks, are only a few […]
$21 Trillion And Rising: How Central Banks Are LBOing The World In One Stunning Chart
$21 Trillion And Rising: How Central Banks Are LBOing The World In One Stunning Chart Back in late 2016, we showed the unprecedented domination of capital markets by central banks using a chart from Citi, which had put together a fascinating slideshow asking simply “Where is the utility in marginal QE” and specifically pointing out […]
