By now it should be perfectly clear that the most prominent Big Digital companies are not strictly private, for-profit companies. As I argued in Google Archipelago, they are also state apparatuses, or governmentalities, undertaking state functions, including censorship, propaganda, and surveillance.
Money supply growth fell again in October, dropping to a thirty-nine-month low. October’s drop continues a steep downward trend from the unprecedented highs experienced during the thirteen months between April 2020 and April 2021. During that period, money supply growth in the United States often climbed above 35 percent year over year, well above even the “high” levels experienced from 2009 to 2013.
An exuberant gate agent adorned in blue Southwest Airlines attire hollered, “Are you ready to go to Montego Bay?”
The waiting, weary passengers responded with a half-hearted collective “yeah.” The agent was not satisfied. He had sought a more enthusiastic response.
In Search of Monsters to Destroy: The Folly of American Empire and the Paths to Peace
by Christopher J. Coyne
Independent Institute, 2022; xxii + 217 pp.
If Tom Cruise was Born on the Fourth of July, then he can thank Thomas Paine, who can be said to have been born on January 10, 1776, with the publication of his incendiary essay Common Sense. In this pamphlet, which he priced cheaply (at two shillings), Paine argued passionately for independence from England, and he wrote in a direct style that readers could understand.
The mishandling of the covid-19 pandemic by global elites has severely eroded confidence in expert opinion. New information is emerging that senior officials doubted policies that were foisted upon the American public. By sharing the results of his deposition with Dr. Anthony Fauci, Missouri attorney general Eric Schmitt exposed Fauci’s advocacy of face masks as insincere:
The Spanish government’s announcement that it plans to introduce a new “solidarity tax” on the wealth of those who possess over €3 million has again brought to the fore the debate about taxes levied on wealth and capital. The issue is not merely that the announcement is highly politicized in what is already, de facto, a preelection period, nor that it could disrupt the fiscal autonomy of Madrid, Andalusia, and Galicia. (Let us recall that these regions comprise eighteen million Spanish people; that is, almost 38 percent of Spain’s total population.)
In the laboratory of history, great inflation followed by great disinflation opens the road to monetary regime change. Sometimes the road leads to a better place. Think of the US return to gold in 1879 following the inflationary issue of greenbacks during the Civil War; or the era of the hard deutsche mark when the German Bundesbank responded to the great inflation and bust of the late 1960s and early 1970s by insulating its money from continuing US inflationary storms.
