How the West Pushed back the Frontiers of Death
The Great Reset, Part VI: Plans of a Technocratic Elite
In previous installments, I introduced the Great Reset idea1 and treated it in terms of its economic
Why the Fed’s 2 Percent Inflation Standard Is So Bad
Fed chairman Jerome Powell is increasingly under fire for his apparently inability to take inflation seriously or admit it may be more than “transitory.” There’s been much talk of tapering the Fed’s enormous asset purchases, yet—as is typical for the Fed, actual action remains scheduled for some nonspecific time in the future.
Introduction to the Third Edition: From Value Theory to Praxeology
Ludwig von Mises (1881–1973) is arguably the most important economist of the twentieth century, and one of the greatest social philosophers ever. He made a large number of lasting contributions to economic theory, yet his main achievement is in the elaboration of a comprehensive system of social analysis. Mises had started his career as a student of economic and social history and then became a top policy analyst and government advisor in his native Austria.
Venezuelans Turn to Gold Nuggets as the Local Currency Implodes
The Venezuelan government recently lopped off six zeros from its hyperinflating currency, the bolivar. The highest denomination currency note of 1 million bolivars, worth less than $0.25, was replaced by a one-bolivar note. At the same time, a hundred-bolivar note, worth about $25.00, was introduced as the new highest denomination of the bolivar.
Will Hungary and Poland be the Next Victims of US/EU Regime Change?
No country is safe from the Eye of Sauron that is the modern-day American national security state. Even some of the US’s ostensible allies can’t escape its all-seeing eye. Hungary and Poland, both members of the North Atlantic Treaty Organization (NATO), have faced significant criticism from the chattering classes of DC and Brussels in recent years.
Thanks to Bailouts, Wall Street Banks Are More Fragile than Ever
The financial covid crash of 2020 came and went in a month as the US government threw every monetary and fiscal trick it had at the government-imposed flash panic. We’ll never know which malivestments would have been cleansed. We live on with goods and labor shortages and with higher prices we’re assured by experts are transient. Supply chain issues, we’re told constantly, with no mention of the Federal Reserve’s balance sheet having doubled since the 2020 crash.
Why China’s Property Bubble Is a Big Deal
No economy has been able to ignore a property bubble and even less so offset it and continue to grow, replacing the bust of the real estate sector with other parts of the economy. Heavily regulated economies from Iceland to Spain have failed to contain the negative impact of a real estate sector collapse. It will not be different in China.
China’s real estate problems are three: the massive size of the sector, its excessive leverage, and the amount of developer debt in the hands of average households and retail investors.
The Historical Origins of Modern American War Crimes
Last month I reviewed Samuel Moyn’s Humane (New York, 2021) but discussed only a few topics in it. Owing to the book’s great importance, I’d like in what follows to address another issue as well, and this is something with which many readers will already be familiar. The principal theme of Moyn’s book, it will be recalled, is that efforts to make war humane can detract from, or even impede, the more important task of bringing war to an end, or at least drastically curtailing it.
