The choice for the status quo made in last week’s presidential election was an uninformed one—at no fault of the voters—made in the fog of monetary distortion and Federal Reserve Chairman Ben Bernanke’s continuous campaign of disinformation.
President Barack Obama managed to overtake Republican challenger Mitt Romney on the exit poll question “Who is better [...]
I will be attending the Austrian Scholars Conference this week at the Mises Institute in Auburn, Alabama. The Institute is affiliated with Auburn University although it is a separate entity. This is an annual conclave of scholars of Austrian School economics from all over the world. I’ve not attended before, so I am looking forward [...]
The news on the latest GDP report said “recession fears recede.” Now, a few days later, it’s “red flags.” So which is it?
I think it is still “red flags.” But then we have most of mainstream economists/analysts who disagree with us. The difference is that they have been mostly wrong and we have been mostly right.
The Conference Board’s Leading Economic Index for September printed in positive numbers for the fifth consecutive month increase, in September, but the report says:
The weaknesses among the leading indicator components have become slightly more widespread in September. Moreover, the CEI suggests current economic conditions have been slow, with weak gains in all four components over the [...]
Spenders Become Savers, Hurting Recovery
American consumers’ long-running love affair with debt is on the rocks. And as they repent for their credit-driven Bacchanalia, the foundering U.S. economy is left to pick up the pieces.
Another misunderstanding of economics by the Wall Street Journal’s Jon Hilsenrath.
There was a wonderful article in the Wall Street Journal this weekend on the ultra (über, hyper, 1%) rich. The article (“The Wild Ride of the 1%“) discusses the volatility of wealth of the top 1% income earners in America. The author, Robert Frank, reveals that these people’s income and wealth have become much more unstable [...]
This was an opinion piece by Ron Paul that appeared in the Wall Street Journal on October 20, 2011
To know what is wrong with the Federal Reserve, one must first understand the nature of money. Money is like any other good in our economy that emerges from the market to satisfy the needs and [...]
This is a recent interview with the Daily Capitalist’s David Stockman. He discusses a wide range of topics including the Obama jobs bill. He gives an interesting, and correct, view of the history of government spending to create “jobs.” He turns the conventional wisdom on its head. I don’t agree with all his views on taxation to [...]
Speaking of e-mail exchanges with famous people, some of you may recall my exchanges with the Financial Times’s Martin Wolf.
In a never ending attempt to reach out to the rich and famous, I recently e-mailed the legendary investor, Jim Rogers. If you have followed his ubiquitous appearances on TV (see YouTube) you would think [...]
If you are going to buy worthless banks then it makes sense to use worthless money to do it.
—Posting on The Daily Telegraph website in response to story “Bank of England hits the panic button‟.
Harold Ramis’ 1993 film “Groundhog Day‟ may well be the funniest thing to come out of [...]
“Mises was infinitely patient and kind with even the most dim-witted of us, constantly tossing out research projects to inspire us, and always encouraging the shiest and most awestruck to speak. With a characteristic twinkle in his eye, Mises would assure them: “Don’t be afraid to speak up. Remember, whatever you say about [...]