Safety in (the right) numbers
by“Gross: Global yields lowest in 500 years of recorded history. $10 trillion of neg. rate bonds. This is a supernova that will explode…
A Letter to the Left: The Gold Standard Will Restore Upward Mobility
byAbout a year ago, Stan Sorscher, Labor Representative, Society for Professional Engineering Employees in Aerospace, published a frighteningly important blog at The Huffington Post (where…
Paul Krugman Has Gone Too Far This Time: Let’s Re-Train Him As a Cosmonaut
byI admit it: I have never been a big fan of Paul Krugman. I do not care for his vulgar Keynesianism or his vulgar…
bawerk.net: Tough Choices: Peg or Banking Crisis?
byDuring the reign of the mighty petro-dollar standard, it was necessary for major oil exporters to recycle their dollar holdings back into the dollar-based…
Central Bankers Claim: Things Are Better than You Think
byIn our time, the greatest source of money chaos is now the global 2%-inflation standard. Deflation-phobic central bankers, led by the FOMC at the…
Is deflation about decline in prices?
byThe majority of economists view deflation as a general decline in prices of goods and services. This is viewed as a major threat to…
Benn Steil: Is the Fed Losing Credibility? A Response to Kocherlakota
byFormer Minneapolis Fed president Narayana Kocherlakota says that the Fed has a credibility problem. Investors, he argues, have lost faith that the Fed will…
Chapter 7: Secrets, Ignorance and Lies: Money, Credit and Debt.
by“The tyranny of fraud is not less oppressive than that of force.” John Taylor of Caroline, Virginia, 1814. Our system of money-creation…
Blockchain and Healthcare Possibilities: Optional Medical Licensure and Healthcare Vouchers
byMilton Friedman provided an exemplary explanation of how a publicly-funded healthcare system (through healthcare vouchers) in a free(r) market where consumers have the choice…
The Keys to Human Prosperity: Individual Liberty and Rule of Law
byWe live at time when, increasingly, the U.S. government operates in arbitrary and discretionary ways. Government regulatory agencies seemingly have unrestrained powers over land-use,…