The Austrian - 2023 V-09 I-03
The Austrian - 2023 V-09 I-04
The Austrian - 2023 V-09 I-05
The Austrian - 2023 V-09 I-06
The December Jobs Report Is Mostly Bad News
According to a new report from the federal government’s Bureau of Labor Statistics last Friday, the US economy added 216,000 jobs for the month while the unemployment rate held at 3.7%. NBC news was sure to tell us that this “beat expectations.” Market estimates suggested total jobs added at 170,000 with the unemployment rate at 3.8%. The media’s general
The Draconian Budget Slashing Act of 2024
Contra Krugman, Policies of Countering Unemployment Are Costly
When the economy goes into a recession, most economic commentators believe that the government and the central bank should take steps to counter the rise in unemployment. Some economists believe that lowering unemployment can be achieved without any cost, given that the unemployed workers are idle. According to Paul Krugman, “If you put 100,000 Americans to work right now digging ditches, it is not as if you are taking those 100,000 workers away from other good things they might be doing.
Expect More Currency Destruction and Weak Economies in 2024
Markets closed 2023 with the strongest rally for equities, bonds, gold, and cryptocurrencies in years. The level of complacency was obvious, registering an “extreme greed” level in the Greed and Fear Index.
The Bee Gets an A+ on ABCT
The Babylon Bee advertises itself as “Fake news you can trust.” The outlet produces the best satirical news, and this is especially true ever since big Democrat donors acquired large stakes in The Onion and turned it into the comedic equivalent of FDA-approved fiber cereal. At least it keeps us regularly updated on the fact that The Left Can’t Meme.