Airlines brace for the summer of hell
A stagnating economy means fewer vacations and less air travel. Airlines are feeling it.
A stagnating economy means fewer vacations and less air travel. Airlines are feeling it.
In this video, Senior Fellow Mark Thornton discusses the economic implications of the historically high gold-silver ratio, suggesting it may signal an impending recession. He explains that central bank gold purchases are driving its price higher relative to silver, reflecting deeper market imbalances.
Ernest Hemingway wrote in his 1926 novel The Sun Also Rises, “How did you go bankrupt? Two ways. Gradually, then suddenly.” Artificial Intelligence (AI) tells me this snippet of dialogue between Mike and Bill is now “widely recognized as a metaphor for situations where something builds up slowly, like accumulated debt or a creeping disaster, before reaching a critical point and exploding suddenly.”
Bank failures happen the same way. Government protection and deposit insurance slows the inevitable—until it doesn’t.
The US government is on track to borrow more than two trillion dollars this year, but that’s going to require a lot of new loans from investors, and it’s looking like there is limited investor appetite for ever larger amounts of federal Treasurys.
Recently, Mises Senior Faculty member, Tom Woods, has spoken with Kevin Dolan—the founder of the Natal Conference. This eclectic gathering provided an opportunity for those concerned about falling fertility rates across the globe to discuss the nature, causes, and consequences of this reality.
In today’s inflationary environment, people have become so accustomed to rising prices that it has clouded their economic thinking. Concepts like profit, wealth, and economic growth have more or less become synonymous with credit expansion.
As we moved through the fourth month of the Donald Trump presidency, chaos seems to be the situation for the economy.
The blackout of the Iberian Peninsula and Southern France on Monday, April 28, has led to hot debates among opponents and supporters of renewable energy. Opponents claim that wind turbines and mainly solar power plants caused the blackout, whereas supporters of renewable energy accuse nuclear power plants of causing the problem, claiming that wind and solar energy really helped restart the electricity network.
The Wall Street Journal editors have made a monumental error of judgment. In their unsigned piece “Great Trump Tariff Rollback” (3/13/25) they announce that the Trump Administration has lost its trade war against Adam Smith.