JOIN OR RENEW TODAY
Free MarketsGlobal EconomyProtectionism and Free Trade
Like Trump, I want China to stop manipulating its economy. But not for the same reasons Trump does.
Central Banks now have an alphabet soup of policy tools. But it's all radlly just more of the same — that is, inflationary easy-money monetary policy.
Booms and BustsFinancial MarketsGlobal Economy
While much of the media remains focused on Trump and trade, the greatest threat to the Chinese economy may be reckoning with a massive financial bubble from within.
Money and BanksMoney and Banking
Central banks' economic models repeatedly and incessantly over-estimate economic growth. We can only speculate as to their motivation.
Jerome Powell has lost his faith in a new surge in economic growth. So, it's back to endless stimulus to keep the current cycle going.
Just as unilateral free trade results in a more solid economy for the countries that adopt it — even within an international economy of protectionism in other countries — so would a commodity-money based economy surrounded by fiat-money economies.
The consequences of counterfeiting are the same regardless of who does it. The counterfeiters are exchanging nothing for something — thus stealing from those who create real value.
Capital and Interest Theory
While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital.