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An Economic ‘Atomic Bomb’: Hungary Threatens EU’s Latest Sanctions Against Russia, Including Oil Embargo
An Economic ‘Atomic Bomb’: Hungary Threatens EU’s Latest Sanctions Against Russia, Including Oil Embargo The European Union’s ban on Russian oil is in jeopardy Friday after Hungary’s Prime Minister Viktor Orban rejected proposals as too costly and too swift for the country to implement, marking a potentially lethal blow to the bloc’s plans to wean […]
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 […]
Stock Market Crash 2020: Welcome To The End Game
Stock Market Crash 2020: Welcome To The End Game If this chart doesn’t make you think the crash is coming soon, then probably nothing will: The Nasdaq is on its final run and is going vertical, a classic end of bubble move. This is trader heaven and turns into speculator hell for those who think […]
COVID-19 And Global Supply Chains: Watch Out For Bullwhip Effects
COVID-19 And Global Supply Chains: Watch Out For Bullwhip Effects In an earlier piece on the COVID-19 (Wuhan Coronavirus), I talked about how supply chain disruptions seemed to be occurring in slow-motion. A recent report from the Journal of Commerce warned of an imminent shortage of shipping containers in inland U.S. locations. How could these things be connected, and are we at […]
Central Bankers Are Quietly Freaking Out About How To Fight The Next Recession
Central Bankers Are Quietly Freaking Out About How To Fight The Next Recession The world’s top central bank officials are rightly concerned that politicians in rich economies missed one key lesson of the last recession: Interest rate cuts can help to moderate a downturn, but aggressive fiscal policy is key to a healthy recovery. It […]
Why Apocalyptic Claims About Climate Change Are Wrong
Why Apocalyptic Claims About Climate Change Are Wrong Environmental journalists and advocates have in recent weeks made a number of apocalyptic predictions about the impact of climate change. Bill McKibben suggested climate-driven fires in Australia had made koalas “functionally extinct.” Extinction Rebellion said “Billions will die” and “Life on Earth is dying.” Vice claimed the “collapse of civilization may have already begun.” […]
The Reason Renewables Can’t Power Modern Civilization Is Because They Were Never Meant To
The Reason Renewables Can’t Power Modern Civilization Is Because They Were Never Meant To “The Energiewende — the biggest political project since reunification — threatens to fail,” reports Germany’s largest news magazine. DER SPIEGEL Over the last decade, journalists have held up Germany’s renewables energy transition, the Energiewende, as an environmental model for the world. “Many poor […]
The Rise Of Totalitarian Technology
The Rise Of Totalitarian Technology Is technological progress bad for human autonomy? That’s the question posed by Shoshana Zuboff in “The Age of Surveillance Capitalism,” a book that recounts the ways in which corporations and governments are using technology to influence our behavior. Zuboff is just the latest to chime in on “totalitarian technology” (or […]
Outlaw Government Pensions? The Hunt for Endless Taxes
Outlaw Government Pensions? The Hunt for Endless Taxes The commentary that has appeared in Forbes calls for the only solution is to outlaw pensions. This is actually what will happen. Because there is no resolution, the government pensions will demand to raise taxes and then there is never any reform in government so the end […]
When The US’s Stock Market Bubble Bursts, Inevitable Disaster Will Follow
When The US’s Stock Market Bubble Bursts, Inevitable Disaster Will Follow Complete and utter disaster will be inevitable and unavoidable when the United States’ stock market bubble bursts. Unfortunately, too many think the high stock market is evidence of a stable economy, but it’s actually an artificial bubble that will end in a disastrous crisis. This unusual […]
Friedman On Inflation, Hanke on Hyperinflation
Friedman On Inflation, Hanke on Hyperinflation In 1966, Milton Friedman wrote, as he often did, some memorable lines that have entered the lexicon of economic quotables. As Friedman correctly put it in a book chapter titled “What Price Guideposts?”: “Inflation is always and everywhere a monetary phenomenon, resulting from and accompanied by a rise in […]
Tracking Military Weaponry and War Machines Flowing to America’s Local Police Departments
Tracking Military Weaponry and War Machines Flowing to America’s Local Police Departments This week, Attorney General Jeff Sessions outlined plans to transfer heavy military weapons to local police across America. (Photo by Joe Raedle/Getty Images – taken before Miami press conference on sanctuary cities.) This week, Attorney General Jeff Sessions announced President Donald Trump’s plan […]
Yes, Google Uses Its Power to Quash Ideas It Doesn’t Like—I Know Because It Happened to Me [Updated]
Yes, Google Uses Its Power to Quash Ideas It Doesn’t Like—I Know Because It Happened to Me [Updated] llustration: Jim Cooke/GMG, photo: Getty The story in the New York Times this week was unsettling: The New America Foundation, a major think tank, was getting rid of one of its teams of scholars, the Open Markets […]
There Is No Excuse For Janet Yellen’s Complacency
There Is No Excuse For Janet Yellen’s Complacency Janet Yellen has been reported by Reuters as saying in London yesterday that “she does not believe that there will be a run on the banking system at least as long as she lives”: “Would I say there will never, ever be another financial crisis? You know […]
Turkey Convulsed By Failed Coup: Turkish Voters, Not Soldiers, Should Toss Erdogan
Turkey Convulsed By Failed Coup: Turkish Voters, Not Soldiers, Should Toss Erdogan Recep Tayyip Erdogan has ruled Turkey for more than a decade. He should be enjoying his time of triumph. He towers above the political system, able to create and dismiss governments at will. The mayor turned prime minister turned president created a new, […]
