Mark Thornton on the Economics of Slavery
Dr. Mark Thornton joined the Ammo.com podcast to discuss the economics of slavery and its long-lasting negative effects on the economy.
States Clamor for More Federal Aid as State Budgets Shrink
President Trump announced an executive order on August 8 that would extend unemployment benefits at a reduced rate and require states to front some of the cost. This generated almost immediate pushback from governors, who instead demanded more federal funds with no strings attached.
The Theory and Brief History of the US Gold Standard
Jeff Deist on the DNC and Bannon’s Arrest
The Social and Economic Side Effects of Negative Interest Rates
Listen to the Audio Mises Wire version of this article.
Our world is currently suffering from acute schizophrenia. Banks are pushing impact and sustainable investing like crazy, companies are subordinating their production sites and supply chains to the noble goal of sustainability, and more and more parts of our society are discovering ecologism as the most meaningful political religion of our time.
The Fed Says It Fears “an Excessively Rapid Expansion of the Balance Sheet.”
The July 28–29 Fed committee meeting minutes were released Wednesday, giving us another glimpse into the careful deliberation of those working tirelessly at planning our daily lives.
The ten-person Board of Governors began with the financial conditions in the US, the performance of the stock market, and specific industries. Per the minutes:
Mexico’s Unexpected Fiscal Sanity
Listen to the Audio Mises Wire version of this article.
Massive Stimulus Won’t Prevent a Eurozone Slowdown
The European Central Bank balance sheet has risen to 53.9 percent of GDP in July 2020. This compares to the 32 percent of the Federal Reserve and 33 percent of the Bank of England. This means a €1.78 trillion increase year to date. Furthermore, excess liquidity has soared to €2.9 trillion, a €1.2 trillion increase since January.
