The Weirdest, Most Distorted Economy Ever
The Problem with Mandatory “Socially Responsible Investing”
Listen to the Audio Mises Wire version of this article.
The term environmental social governance (ESG) investing is relatively new. As described in Forbes,
Help the Institute Build a Brighter Future
Like never before, we are threatened by a terrifying axis of a left-controlled government and proudly progressive corporate power. In 2020, Big Tech has escalated its attempt to control the narrative. The result? Mises Institute Google links are becoming harder to find. Social media reach is getting harder to achieve. Videos are disappearing from YouTube completely.
Luckily, people are responding.
Trump’s NDAA Veto Threat Should Force a Conversation on Defense Spending
The US Money Supply Was up 37 Percent in November
In November, money supply growth rate was essentially unchanged from October and remains near September’s all-time high. The stabilization we find in money-supply growth in recent months comes after eight months of record-breaking growth in the US which came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages.
Today’s Negative Rates Are the Path to Poverty
Almost Daily Grant’s (ADG) made the pronouncement on December 14th that a “new benchmark in financial repression” had been set: ”a record $18.4 trillion in global debt is priced to yield less than zero, up from less than $8 trillion in March and a five-year average of $10.3 trillion.”
ADG consulted interest rate historians Sidney Homer and Richard Sylla, who opined, “nominal negative yielding debt had never been seen in material size in the 4,000 years of interest rate history prior to the current cycle.”
Rich Millennials Plot the End of Civilization
The New York Times managed to find some young people whose silver spoons provide a sour taste in their mouths. To hear them talk, their good fortune is making them sick.