Governments Will Make You Poorer Again
The Legacy of Immigration: It’s Complicated
In contemporary America, the success of immigrants is celebrated as a source of American vitality. Indeed, immigration is frequently lauded by American elites as a tool to raise economic growth and living standards. Many marvel at the success of Indian and Nigerian Americans, who are superbly educated.
More Recession Signs: Money Supply Growth Went Negative Again in December
Money supply growth fell again in December, falling even further into negative territory after turning negative in November for the first time in twenty-eight years. December’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. During the thirteen months between April 2020 and April 2021, 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.
Will Powell Pivot as Currency Wars Escalate?
Wyoming Senate Votes to Hold, Invest, and Receive Tax Payments in Gold and Silver
The Wyoming State Senate today voted 16-15, on a bipartisan basis, to pass a bill prompting the Wyoming state treasurer to hold gold and silver “specie” to protect the state – as well as establish a process to receive certain tax payments in specie.
The Fed Is Already Flashing Signs It’s Done Raising Rates
The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday raised the target policy interest rate (the federal funds rate) to 4.75 percent, an increase of 25 basis points. With this latest increase, the target has increased 4.5 percent since February 2022, although this latest increase of 25 basis points is the smallest increase since March of last year.
The Recent Protests in Brasilia: Practical Results and the Dynamic of Power Perpetuation
The protests that took place in Brasilia earlier this month perfectly exemplify the established dynamics of domination. Bolsonaro’s supporters not only made the mistake of trusting in politicians, but in the armed forces that, when necessary, fight to maintain the same power that oppresses them.
It’s Too Early to Tell If We’re in a Period of Real Disinflation
Are asset inflation and its bellwether, the euro, really heading into a new spring following a winter marked by the now-fading scare of Fed disinflation (alternatively described as “restrictive monetary policy”)? A computer powered by artificial intelligence might well conclude so, based on reading a million websites.