Bitcoin is a shot across the bow at government’s monopoly control of money. While no one in the US appreciates the direction money is going, others are waking up. Original Article: “Bitcoin, Gold, and the Battle for Sound Money”
The real money-creating machines are commercial banks. Loan dollars become deposit dollars. Lots of lending means the money aggregates increase. Little lending means the opposite. Original Article: “Inflation: The Rumors of its Death are Greatly Exaggerated
The Raiders are coming to Las Vegas and the excitement is palpable. Three-quarters of a billion dollars of taxpayer money used as Raider bait seemingly hasn’t upset anyone. The arrival of the NFL after the Golden Knights’ first NHL season has local real estate salespeople, developers, casino owners and business folk dreaming of cashing in on a
David Rosenberg tweeted a graph of the plunging Baltic Dry Index with the comment, “Is there a more deflationary chart than the Baltic Dry Index of global freight rates?” Perhaps, or there is the New York Times business headline, “ Some Central Banks Have Gold Fever, and It Might Be Sensible .” However, central banks are notoriously bad in timing
Sales of Class 8 trucks (18-wheelers) hit the ditch in January, with orders down 58 percent from a year ago hitting a level not seen since October 2016, near the end of the transportation recession, “when Class-8 truck orders had plunged to the lowest levels since 2009, and truck and engine manufacturers responded with layoffs,” writes Wolf
Diane Swonk says the 20,000 payroll number for February was a head fake. She blamed bad weather, the government shutdown, and other gobbledygook to explain away the 160,000 job miss for the year’s shortest month. According to Michael Snyder, in a piece posted on Zerohedge.com, The U.S. economy is growing at a 0.3 percent annualized rate in the
The timing of Jerome Powell’s appearance on “60 Minutes,” along with Janet Yellen and Ben Bernanke, is curious. Scott Pelley asked no penetrating questions, so nothing was learned. Fed Chairs aren’t known to hit the interview circuit. Bernanke appeared during the crisis to reassure the nation that the central bank can and will fix anything and
Since when are industriousness and hard work criticized? The New York Times op-ed page. Alissa Quart complains, this nouveau moonlighting continues to be exalted as cool, empowering or freeing. This mantra is false: Side hustles are not simply a new version of working as a “wage slave” so that we can do what we love in our off hours. Instead, far
The everything bubble continues with a Monet landscape going for a record $110.7 million. Katya Kazakina wrote on Bloomberg , “Painted in 1890, ‘Les Meules,’ from the artist’s series featuring haystacks, had been estimated [to sell] at $55 million. The final price includes fees.” Six bidders took the price from $45 million to $97 million in all of
The gold price shot up $50 in the last 30 days during a time of the year when the yellow metal typically lays down to begin its summer nap. At the same time, Bitcoin’s price has rose from its slumber. What’s up? Luke Gromen, founder of Forest for the Trees LLC , a macro/thematic research firm catering to institutions and individuals may have put
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
