Central Banking, Knowledge and Unintended Consequences
By James Anderson American Banker John A. Allison, in a 2012 paper, provided a pertinent anecdote in which he explained that he had asked…
The Fed Hits the Panic Button and Slashes the Fed Funds Rate
By Ryan McMaken The Federal Reserve’s FOMC slashed the target federal funds rate at its meeting this month, reducing the target rate by 50…
Why Marx Was Wrong about Workers and Wages
By Allen Gindler One of the central tenets of Marxism is the labor theory of value, which states that the value of a commodity…
The war over so-called Price Gouging
Written By Maxwell Marlow Readers will excuse me for prompting them to delve into their pandemic memory hole, but isn’t it glad to be able…
Why the Crony Class Loves Artificially-Low Interest Rates—And Why You Shouldn’t
By Artis Shepherd In our bureaucratically-managed economy, financial prosperity increasingly depends on how close one can position himself to the dissemination of newly-created money….
Zero Hedge: Yield Curve Shifts Offer Signals For Stockholders
Authored by Michael Lebowitz via RealInvestmentAdvice.com, The level of U.S. Treasury yields and the changing shape of the Treasury yield curve provide investors with…
John Kenneth Galbraith’s The Great Crash, 1929: A Retrospective
By Russ Lemley The New Deal has been a key driver behind how the Democratic Party justified its hold on political power in the…
Markets Quake as Monopolist Capital Pursues a Technological Coup
By Brendan Brown A serious omission is notable in the circulating list of suspects responsible for the early August quake in global risk-on markets….
The Fed is holding interest rates steady. This won’t last much longer.
By Ryan McMaken The Federal Reserve’s Federal Open Market Committee (FOMC) announced today that it will maintain the current target policy interest rate (the…
Central banks purchase gold to offset their own money destruction
By Daniel Lacalle Why is the price of gold rising if the global economy is not in recession and inflation is allegedly under control?…