Central banks claim that their main purposes are to help an economy maintain high rates of employment and price stability. Ironically, they claim to do this through inflation targets.
Any political statement made today, by any politician or candidate, can be answered thus: "We don't believe you."
The money supply is on a long and fast downward trajectory. This points toward recession and is just one more indicator of economic weakness in addition to negative GDP and an inverted yield curve.
In wartime, politicians frequently attempt to claim that all the citizens of foreign states are guilty of all the crimes their regimes commit. This is a modern invention, and a barbaric one.
At the urging of the United States, Germany and other European governments have levied sanctions against Russia. In reality, these governments have levied sanctions against themselves and their citizens.
An enduring progressive myth is that thanks to Western technologies and compassionate NGOs, American agricultural scientists saved the developing world via the Green Revolution. Not surprisingly, the truth is found elsewhere.
Who frames the "climate" debate or any political debate? The Left frames the debate with phony issues. Fossil Future is a brilliant attempt to reframe the climate change and global warming narrative. This is a must-read book relevant to our civilization and way of life.
The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money.
Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct?
Fortunately, the world is composed of many separate states, which enables "disobedient" residents in one state to escape to others, and fleeing conscription is merely an act of self-defense.
