Socialism has failed repeatedly. Wherever you look—Cuba, Venezuela, India, France—the system has caused economic turmoil, stagnation, and even violence and oppression. But fear not, we are told—that was socialism simply “not done properly.” True socialism, however,...
Monetary
F.A. Hayek’s Conception of Private, Fiat Money
by Robert Murphy | Sep 17, 2020 | Economics, Featured Articles
The most famous Austrian economist is 1974 Nobel laureate Friedrich Hayek. Because of his moderate views excusing state interventions in various circumstances, hardcore Rothbardians tend to regard Hayek as less than pure in many areas. However, one area where Hayek is...
Jerome Powell Is Stealing Your Wealth
by Michael Maharrey | Sep 2, 2020 | Economics, Featured Articles
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...
A ‘Sound Money Caucus’ Has Launched On Capitol Hill
by Jp Cortez | Aug 15, 2020 | Economics, Featured Articles, Politics
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...
How State Governments Can Fight the Federal Reserve
by Michael Maharrey | Aug 6, 2020 | Economics, Featured Articles
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....
The Federal Reserve is Getting Desperate
by Ron Paul | Jun 22, 2020 | Economics, Featured Articles
In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a...
New Global Data Shows Economic Lockdowns Have No Impact On Coronavirus Spread
by Thomas Eddlem | Jun 1, 2020 | Featured Articles
The United States and much of the world may have initiated a business shutdown—resulting in tens of millions of unemployed domestically, along with all of unemployment's other negative side effects—for no statistically measurable benefit in tamping down COVID-19. (See...
This Bust Wasn’t Caused by a Virus
by Mark Thornton | Apr 27, 2020 | Economics, Featured Articles
On February 10 the stock markets were at all-time highs, with the Dow 30 at almost 30,000. The unemployment rate was at an all-time low and interest rates around most of the world were at all-time lows. With interest rates near zero for an entire decade, the value of...
Blog
Right Diagnosis, Wrong Prescription
The populist Sanders-left (which is actually broader because it includes Tucker Carlson and others called rightists) is partly correct and partly incorrect about what happened to the Democrats last Tuesday. They say correctly that the Democrats failed because they...
Bang for your Buck: Fraud, Waste and Abuse as a Lifestyle Choice
https://www.youtube.com/watch?v=iqJ0kg9xvLs I don't agree with everything he says and he gets technical details wrong like "...these destroyer class ships, probably doing the same thing the submarine does." No, but that's OK. One thing that is always missed here is...
The Winner Is…
Donald Trump did it, he is the most famous person in the world. His ambitions have been realised. He won and to him that is all that matters. He also just happens to be the next US president, again. Harris was never going to win, she was terrible. She had been the VP...
Israeli Historian Ilan Pappé Predicts the Death of Zionism
in a recent episode of The Big Picture Podcast hosted by Mohamed Hassan, Israeli historian Ilan Pappé explains why he believes that Israel's genocide in Gaza is the beginning of the end of the Jewish supremacist state enforcing an apartheid regime in Palestine from...
Pentagon Waste: The Legend Continues Part Infinity
Of course they did. Boeing is the gift that keeps on giving A Pentagon audit revealed that Boeing overcharged the Air Force by nearly $1 million for spare parts on C-17 cargo planes, with some items marked up by as much as 8,000%. The audit reviewed prices paid for 46...
Two Tales, Two Navies
I find some of my correspondents gently berate me for being overwhelmingly negative so I am going to offer insights on occasion into tales of the human spirit that will cause you pause. So dear reader, first, the negativity the modern navy deserves. The floating...
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