Against the Destruction of Western Civilization
It is possible for people to live together peacefully and productively. But politics damages and even destroys the necessary foundations. In fact, the damage…
The Interest Rate Shock Will Blow Up the Government’s Ponzi Game
In the international fixed-income markets, interest rates are rising, and the decades-long trend of declining bond yields has undoubtedly been broken. On August 2,…
You Think the Global Economy Is Brightening? Beware: The Big Hit Is Yet to Come
Relief is spreading among economic analysts and stock market experts. Energy prices are decreasing noticeably. The energy supply this winter seems secure; in Europe,…
Inflation, High Inflation, Hyperinflation
The word “inflation” is heard and read everywhere these days. However, since different people sometimes have very different understandings of inflation, here is a…
Socialism vs Free Enterprise
I. THE STARTING CONDITIONS In this article I want to explain that a rapid departure from the free market system (or what is left…
The Crime of ’71: When Nixon Ended the Dollar’s Last Connection to Gold
Almost fifty years ago, on August 15, 1971, the US administration under President Richard Nixon (1913–94) abolished the gold redeemability of the US dollar….
The Digital Euro and Central Planning
Neosocialist China does it, Sweden does it, and many other states want to do it, too: to issue digitized central bank money for everyone….
Why We Need a Free Market in Money
What is fiat money and what does it do? This is essential to understand since today’s worldwide unbacked paper, or “fiat,” money regime is an…
Inflation and Marxism
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currency….Lenin was certainly right. There…
Governments Have Crippled the World’s Economies. Revolution May Soon Follow.
The world seems to be on fire. A couple of months ago, the economic upswing was still firmly established, production expanded, and unemployment was…