Agorism, in all its various forms, promotes self-reliance and independent entrepreneurial ventures. It is a process that is evolving past the State and making it obsolete. We cannot disregard the State completely; we have no illusions about this. But evolving past the...
Economics
That Didn’t Take Long: U.S. National Debt Exceeds $24 Trillion
by Michael Maharrey | Apr 13, 2020 | Economics, Events, Featured Articles
The U.S. national debt pushed above $24 trillion on Tuesday. The U.S. government was already running massive budget deficits long before the coronavirus pandemic and the debt was piling up at a dizzying pace. Response to the outbreak has put spending and debt in...
The Biggest Heist in Human History
by Thomas Eddlem | Apr 11, 2020 | Economics, Events, Featured Articles
As he valiantly tried to get a recorded vote on House passage of the $2.2 trillion coronavirus bill (the CARE Act), Rep. Thomas Massie learned once again last month the chief difference between the members of Congress and the inmates of a maximum security prison:...
Risk? We don’t Need No Stinking Risk!
by Tom Luongo | Apr 11, 2020 | Economics, Featured Articles
We’ve crossed the monetary Rubicon. There is no going back to the way things were. With the creation of a series of Special Purpose Vehicles (SPV) the Treasury Dept. and the Federal Reserve have fundamentally altered the financial landscape of the United States. We...
Why Central Planning by Medical Experts Will Lead to Disaster
by Gary Galles | Apr 10, 2020 | Economics, Events, Featured Articles
A great deal of the coverage of the COVID-19 crisis has been apocalyptic. That is partly because “if it bleeds, it leads.” But it is also because some of the medical experts with media megaphones have put forward potentially catastrophic scenarios and drastic plans to...
The Fed’s War on Savings
by Jp Cortez | Apr 9, 2020 | Blog, Economics
During a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people. Ten days later, Trump signed a stimulus...
Crisis Exposes Devastating Consequences of Fed Policy: Americans Have No Savings
by Jp Cortez | Apr 8, 2020 | Economics, Events, Featured Articles
Two weeks ago, during a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people. And last week, on March 27,...
Airline Bailouts Destabilize the Economy and Inflate Asset Prices
by William Anderson | Apr 7, 2020 | Economics, Events, Featured Articles
In the end, after all of the political posturing and all of the speeches and exhortations for Congress to “do something,” a $2 trillion “coronavirus stimulus” bill landed on the president’s desk for The Donald to sign. And sign he did, uttering all of the platitudes...