Where Does Your Profit Come From?
A few recent articles bring to the public’s awareness that wealthy investors are preferring not to sell their assets, and thereby pay capital gains…
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Moving from Gold-Redeemable to Irredeemable Currency
When we saw the following comment from a prominent otherwise-free-marketer, we knew it was time to write this article. “…the value of the Fed’s…
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Inflation or Lockdown Whiplash?
Mainstream analysis sees rising consumer prices, and looks for a monetary cause. Also, when it sees an increase in the quantity of dollars, it…
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An Economist Rebukes The Economist
There are but two ways that man can deal with man: reason and force. Reason includes invention, design, entrepreneurship, finance, borrowing and lending, construction,…
Read MoreOpen Letter to Gregory Mankiw from Keith Weiner
Dear Professor Mankiw: I am writing in response to your article in the New York Times, “The Puzzle of Low Interest Rates”. I commend…
Read MoreOpen Letter to Mercatus Center
Letter to Patrick Horan Program Manager for Monetary Policy Mercatus Center Via Internet Dear Mr. Horan and Mercatus: It just came to my attention…
Read MoreNomination for the Board of Governors of the Federal Reserve
We read the news today that Judy Shelton has been approved by the Senate Banking Committee. This means that the full Senate can vote…
Read MoreHow to maintain a bull market after coronavirus
Everyone thinks they know the cause and effect of the Federal Reserve’s response to crises such as 2008 and 2020. The Fed prints money to buy…
Read MoreIt’s Only Paper
The response to the virus has added a new mechanism of capital consumption to the many we have documented over the years. Businesses…
Read MoreTargeting nGDP Targeting
Not too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not…
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