It’s now become fashionable on the left to defend looting as a means of redistributing wealth from allegedly unworthy business owners to the more deserving looters themselves. “It’s just property!” is the refrain, with the implication being that property owners should...
The Federal Reserve has doubled down on its policy of devaluing your money. During a speech in Jackson Hole last week, Federal Reserve Chairman Jerome Powell announced a shift in the central bank’s inflation policy. In the past, the central bank has targeted a 2...
We can all repeat the mantra without missing any beat: the lockdown was required to flatten the curve so that our hospital resources would not be overwhelmed during the pandemic. That argument is, by the way, quite correct. Anyone looking at the footage of the...
Bitcoin and cryptocurrencies are headline news again. DeFi—Decentralized Finance—tokens like LINK and others have exploded in recent weeks, capturing speculators’ imaginations. But more importantly, given the day-to-day fragility of the capital markets and the...
Does a competitive, free market capitalist system drive down wages for the common man? That’s the question I was confronted with in a recent exchange I had with a Marxist on Twitter. My original post stated that “Free, competitive markets don’t drive down worker...
As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of congressmen hope to shine a new spotlight on the devastating effects of...
If you want to end unconstitutional, overreaching federal power—end the Fed. It’s the engine that drives the most powerful government in the history of the world. But Congress will never abolish the central bank. It can’t even come up with the will to audit the Fed....
Milton Friedman famously said, “Inflation was always and everywhere a monetary phenomenon.” But Friedman didn’t live through the QE years here in the U.S. and blatantly ignored the twenty plus years of Japanese deflation despite QE and insane levels of money printing...
