Economy

Says it’s making the economy ‘sick’

When governments started locking down the economy in response to coronavirus, the Federal Reserve sprung into action. First, it slashed interest rates to zero. Then it quickly launched what we’ve dubbed QE infinity. In effect, that meant printing trillions of dollars out of thin air and pumping them into the economy. Meanwhile, the US government did […]

The central bankers at the Federal Reserve can be pretty clueless. A report issued by the Fed a few weeks ago serves as a prime example.The report was full of dire warnings. It expressed concern about “overvalued asset prices.” Yes, the Fed actually warned us about the stock market bubble. The report also said we should be […]

A free market in money means real freedom to choose what money we use. This may mean people turn to gold and silver

Even if the central bank were to be successful in preventing the fall of the money stock, this would not be able to prevent a depression if the pool of real savings is declining

The US government has borrowed $4.2 trillion in the last 12 months, pushing the total national debt to over $27 trillion. In order for Uncle Sam to borrow, somebody has to lend. So, who is buying all of these government bonds? Foreign and domestic investors, commercial banks and US government entities all buy US debt, but […]

The fact that prices are rising in a pandemic crisis is not a sign of success. It is evidence of central bankers’ miserable failure and hurts every consumer who has seen revenues collapse by 10 or 20 percent

Klaus Schwab of the World Economic Forum has big plans for a “sustainable” future. Most of it involves the destruction of markets and basic human rights

Since 2008, the Federal Reserve and the US government have pumped more than $36 trillion into the US economy.

GDP fails to account for many measures of quality of life, such as personal safety, the local climate, leisure time, and more

If you thought maybe the federal government would try to rein in the spending after running a recorded budget deficit of $3.13 trillion in fiscal 2020, you were sorely disappointed. Uncle Sam has not kicked his spending habit. October was the first month of FY 2021 and the federal government kicked off the year with […]

No other US industry has been more severely impacted by the virus pandemic than travel and tourism.The World Travel & Tourism Council (WTTC) published a report this week, protecting a “staggering 9.2 million jobs could be lost in the US Travel & Tourism sector in 2020 if barriers to global travel remain in place.”  WTTC’s economic modeling is […]

Strict lockdowns have devastated millions of families’ incomes while failing to bring success in suppressing covid mortality

American retirees are buried in debt.Between 1999 and 2019, the total debt burden for Americans over age 70 increased by 543% and totaled $1.1 trillion according to data compiled by the Federal Reserve Bank of New York. Debt grew by 471% over the same period for those in their 60s and totaled $2.14 trillion at the […]

Rothbard provides three main reasons why Irving Fisher’s equation of exchange—which underlies the monetarist quantity theory of money—is useless

Circa casino’s new three-story, 78 million–pixel, high-definition screen in its sportsbook gambling compound may represent a new frontier in mega–building trends similar to those of skyscrapers

While the media is focused on the outcome of the presidential election, where Joe Biden has taken the lead in states like Pennsylvania and Georgia, while adding to his lead in Nevada even as Trump appears to be gaining in Arizona, a bigger question for the broader population is what is the fate of the […]

Central banks were already fueling artificial bubble growth and malinvestment in tech firms. Then the lockdowns sped up the trend even more

What matters is not whether the emergence of a bubble is associated with price rises but rather the fact that the emergence of a bubble gives rise to nonproductive bubble activities

If the current thinking continues, the world’s central banks will buy whatever paper governments issue

Peter Schiff delivered a key-note speech at the Virtual Investor Day Conference. He walked through the history of the Federal Reserve’s monetary policy over the last several decades and explained the inevitable outcome. Peter’s recap of Fed history leads you to an undeniable conclusion: the Federal Reserve has never been right. And it has set […]

The mainstream isn’t worried about inflation. In fact, we’re told inflation is muted. And that’s true, at least by some measures. We haven’t seen the rising consumer price index (CPI) you might expect as central banks inject trillions of dollars created out of thin air into the economy. But just because government numbers don’t reflect […]

Changes in money supply and liquidity are not the same thing

Governments using COVID to destroy small businesses worldwide

What’s a telltale sign of economic illiteracy? I’m starting to believe the worst is the claim that markets lead to monopoly and the accumulation of wealth in a few hands

Move comes in retaliation for Taiwan arms sales

Volunteer had received a placebo, not a vaccine

Although the Fed insists otherwise, the central bank really has no tools left except money creation, and the Fed will keep printing money in a panicky attempt to prevent a financial collapse

Goldman Sachs projecting more permanent job losses

In an unhampered economy, stock prices would reflect the availability of savings for investment and capital

Money printing—even at a constant rate—is going to generate the same result as any other money printing