JOIN OR RENEW TODAY
Fueled by unprecedented quantitative easing, central bank asset purchases, and various stimulus packages, the money supply growth rate ballooned in April to an all-time high.
Global EconomyTaxes and SpendingMoney and Banking
The ECB can disguise the risk for a while, but the reality of the mounting debt and tax burden ahead is probably going to end in a debt crisis.
With their bizarre and extreme lockdowns, governments are forcing very low-risk populations to endure social isolation and unemployment. The mental health effects will be significant.
US government debt is spiraling upward, with debt-to-GDP rising to World War II levels. How long can this last?
Booms and BustsInflationMonetary Policy
After 2018, the US economy was already headed toward a recession. But bailouts and lockdowns have made things even worse.
Money really does buy happiness—up to a point. But at all income levels, happiness is very, very subjective.
Determining which businesses shall be open and how many people shall be allowed to gather is just another form of central planning. And central planning schemes have never ended well.
CapitalismPhilosophy and Methodology
Buyers and sellers in the free market do indeed act from self-interest, but Adam Smith never argued that this excludes friendly feelings for those they do business with.