JOIN OR RENEW TODAY
A myth endures that Hitler supported private property and that a Nazi-capitalist alliance existed. In reality, the "capitalism" that existed under National Socialism had nothing to do with private property.
Justin Trudeau wants to crush the peaceful trucker protest. So he's invoking the Emergencies Act so the regime can pretty much do whatever it wants.
Totalitarianism in all its forms—including, of course, National Socialism—ought to be condemned. But why do the Soviet totalitarians get so much sympathy?
Since GDP is expressed in dollar terms, the so-called real GDP fluctuations are in response to the fluctuations in the quantity of dollars pumped into the economy.
Money and Banks
After many months of covid stimulus, there's a bonanza in US pandemic profits. But unlike price inflation, these profits really are likely to be transitory.
We will win. But how long will it take, and at what price victory?
Economic depressions are not caused by a strong decline in the money stock, but by a depleted stock of real savings.
The central bank can manipulate the interest rate to whatever level it desires. But it cannot control how the interest rate is dictated by each individual's time preference. That's a problem.