The Walmart Recession Signal (WRS), which measures Walmart’s stock price against a basket of luxury stocks, shows high risk of a sharp economic downturn.

On May 28th, the 10th annual Austrian Economics Meeting Europe will be held at Western Catholic University in Angers, France. Started by European Mises University alumni, the AEME is a research conference dedicated to the Austrian tradition, where participants have an opportunity to engage with contemporary research from scholars around the world.

Confirmed keynote speakers include Michael Esfeld (University of Lausanne), Nathalie Janson (NEOMA Business School), and Nikolay Gertchev (University of Angers.)

“...the power of the state expands and the liberty of the citizen contracts.” 

Karl Marx believed machines would eventually turn workers into something disposable. In The Communist Manifesto, Marx and Engels wrote that industrial labor had already reduced the worker to “a mere appendage of the machine.” In Capital, Marx argued that machinery would create a permanent “industrial reserve army” of unemployed workers. As automation increased, workers would lose bargaining power while capital consolidated control. The proletariat would become poorer and more desperate.

The ongoing destruction of the world’s largest natural-gas reservoir at South Pars and Qatar has produced exactly what Austrian economics predicts: sudden, irreplaceable capital destruction followed by a violent supply shock. Oil has spiked, European gas prices have jumped, and the Strait of Hormuz is now a flashpoint.

The economist Walter E. Williams was a great defender of liberty, and, in that context, he also defended the right to self-determination and the right to secede. But his reasons for opposing the removal of Confederate monuments were not confined to his support for independence movements. He was also against the vandalism and pointless destructionism of the social justice warriors. 

Thanks to Trump-caused global price hikes, the Chilean Left has a much easier time destroying Chile’s new Catholic anti-socialist leader. 

For the first time in many centuries, Christians cannot enter the the Church of the Holy Sepulchre.