Why Saudi Arabia Won’t Abandon Dollars for Yuan
There are numerous articles mentioning that Saudi Arabia may use the yuan, China’s domestic currency, for its oil exports.
How much does Saudi Arabia export to China? According to the Organisation of Economic Co-operation and Development, the kingdom’s main exports are to China ($45.8B), India ($25.1B), Japan ($24.5B), South Korea ($19.5B), and the United States ($12.2B). Exports of crude oil reached $145 billion in total.
Commodities Do Not Cause Inflation. Money Printing Does.
In this world of monetary insanity, defenders of central bank constant easing try every day to convince you that inflation is caused by numerous factors, not by currency printing.
Many blame inflation on cost-push factors or even speculation, but ultimately all those are consequences, not causes. Rising prices are always caused by more units of currency being directed to scarce or tangible assets.
Hazlitt, Hayek and How the Fed Made Itself into the World’s Biggest Savings & Loan
The Henry Hazlitt Memorial Lecture, March 18, 20221
Many thanks to the Mises Institute and to sponsor Yousif Almoayyed for this opportunity to be with you all today as we consider one of the truly remarkable developments in the history of American central banking, money printing, and credit inflation.
Is Lindsey Graham the Worst US Senator?
Clarence Darrow vs. the State
Describing attorney Clarence Darrow, the great H.L. Mencken wrote, “The marks of battle are all over his face. He has been through more wars than a whole regiment of Pershings. And most of them have been struggles to the death, without codes or quarter.”
The Looming Threat of a National Breakup
Will You Buy the Dip?
March 23, 2020 was one of the greatest stock market buying opportunities of all-time. CNBC gives an account of the event:
The S&P 500 would not bottom until March 23, a week later. From the Feb. 19, 2020, high to the March 23 bottom, the S&P would decline about 34%.
Five months later, as if moved by some Miraculous Monetary Technique:
Austrian School vs. Business School: Creating Value
The Mises Institute’s Economics for Business seeks to educate budding entrepreneurs in the field of economics. It is a vital service because, as I have argued previously, in order to be a successful entrepreneur, one must think like an Austrian. By its nature of trying to educate new entrepreneurs and managers, its natural competition are business schools everywhere.
