The Continental Bait-and-Switch
The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”
The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”
Like his predecessor, President Trump unsuccessfully tries to convince Americans that their economic pain isn’t real, but Americans know the difference.
It’s difficult and often dangerous to depend on the government. But statists, no matter the problems, will often say government services aren’t fully funded; that almost all these services should be expanded.
Financial bubbles, which used to be rare, have become a way of life, thanks to a quarter century of easy money policies from the Federal Reserve System. We need to better understand how bubbles form and why they are so harmful.
President Trump announced the tariffs aiming at two goals: protecting American producers and the relocation of foreign companies to the US. People have been “protected” by being disallowed peaceful, mutually-beneficial trades with others.
Gold is up, bitcoin is cooling, the yield curve turning. 2026 could un-invert the story.
Instead of market competition, inflation forces young and old into rivalrous competition for housing.
Instead of market competition, inflation forces young and old into rivalrous competition for housing.
Connor O’Keeffe joins Rob Kientz on The Freedom Report for a wide-ranging conversation on Austrian economics, government power, and why today’s affordability crisis is no accident.
More statist orientation of people, combined with already-bloated government budgets and dangerous levels of national debt, and strong underlying demographic erosions in the form of declining birthrates would suggest a shift in trends toward higher interest rates into the future.