Stock analyst Lyn Alden argues it is not. The broadest definition of a Ponzi scheme refers to any system that must continually keep operating to remain functional, or that has frictional costs. Bitcoin doesn’t really meet this broader definition of a Ponzi scheme any...
Markets
Libya, North Africa Emerge As Cocaine Transit Hubs
You can't stop markets - where their is a buyer their will be a seller. The interventionists (mainly Samantha Power) in the Obama administration (the same ones that now populate the Biden Administration) used the cover of "Responsibility to Protect" to remove the...
Economic Warfare – The Collapse Of Yemen’s Economy
Inflation as a weapon of war. According to local economists who spoke to MintPress, the reasons behind the collapse of Yemen’s economy and its currency are many and varied but the expansionary monetary policy that has been taken by Saudi Arabia is one of the key...
Walter Williams and the Roots of Libertarianism guest Keith Knight
On Conflicts of Interest #44, Keith Knight joins Kyle to discuss the legacy of Walter E. Williams. Williams is an economist who made several important contributions to libertarianism. Keith breaks down some of Williams's strongest arguments from The Arguments for Free...
As Much As They Might Want To, They Just Can’t Steal Their Way To Paradise
Jeff Snider at Real Clear Markets makes the case for capitalism Capitalism sure is messy, unpredictable, and, most of all, lumpy. It doesn’t go in a straight line, can cause tremendous stress and pain, and there are times when it gets caught up, for prolonged periods,...
The Fed Is Running Out of Bubbles to Create
The Fed came out with a series of unprecedented measures on March 22, 2020. They announced the Fed will buy an unlimited amount of Treasurys and mortgage-backed securities (MBS), or as Peter Schiff refers to it, “QE infinity.” This has been very positively welcomed by...
The U.S. Fed Just Became The World’s Banker
From Marketwatch "The Federal Reserve on Tuesday said it was establishing a temporary repo facility for foreign central banks that will help make U.S. dollars available in their jurisdictions. In the new facility, the central banks will be able to temporarily exchange...
Meet The New Boss – At The Fed
Jim Bianco at Bloomberg "The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does...
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