More monetary excess

Taking into account not just rapid domestic expansion, but also the sharp fall in the greenback, broad, dollar-denominated money supply went up on an annualized basis, in the six months to January at rates of:

  • Russia 53%
  • Each of Brazil, China and the Eurozone at 32%
  • India 30%
  • Japan 25%
  • Canada and the US each 20%

Is it any wonder prices of things are going ballistic and that stock markets are (just about) refusing to succumb to a darkening economic outlook?

The Hegelianism of the 2008 Election

If the political prediction markets are right, we are going to end up with a presidential contest between two people who agree on the pressing need to expand the entire welfare-warfare state. They can argue about priorities, but they agree on the overall goal. With the campaign lacking serious issues, something tells me that the great American obsession over race is going to play a major role, which is gravely unfortunate since the discussion is unlikely to be enlightening. Of course it’s all politics, that is, equal parts dissembling and illusion, and designed to confer on some groups more power over other groups. But it does raise important questions: what is racism and how can we tell if it exists?

What Is Fascism?

Mussolini became premier in October 1922. With the innumerable arguments about the march on Rome or with the story of the violent, lawless, and outrageous tactics he used to come to power we are not concerned here. That history has been told many times. Our business is to see the use he made of his power to fashion a new form of society.

Subscribe to