It’s a mystery. The Federal Reserve has engaged in unprecedented monetary stimulus in the past five years, yet the Consumer Price Index (CPI) shows flat inflation or even falling prices in some cases. New York Times columnist Paul Krugman even says that this lack of inflation discredits Austrian economists who said we would eventually have […]
Archives for April 2013
Argentines flocking to bitcoins as safe haven from peso inflation
Last week, the government of Argentina announced that it would freeze the price of gasoline and diesel sold at service stations for the next six months in the hopes of curbing inflation. This comes as Argentina imposed a two-month price freeze on all supermarket products, which was expanded to June. How bad is the economy […]
Does the collapsing gold market vindicate the economic elites?
Since the crash in the price of gold, most in the mainstream financial world have warned that gold should be sold, that the bull market in gold has ended. Their view is that the Keynesian policies of fiscal stimulus by Congress and monetary stimulus by the Fed are working to get the economy to recover. […]
David Stockman: Fed fueled bubble economy could collapse during Obama’s second term
David Stockman, former Michigan Republican Congressman and budget director for President Ronald Reagan, made a stop on the Fox Business Network (FBN) on Monday and spoke with host Neil Cavuto regarding his new book “The Great Deformation” and the economy. In the interview, the ex-budget head highlighted the mounting debt issue, the largest bond market […]
Murray Rothbard: Taxation is simply robbery
Murray Rothbard, the preeminent libertarian philosopher and economist, had a gift for cutting through to the truth on political and economic matters. And it’s important to understand the true nature of taxation on this Tax Day. Here’s Rothbard on the issue of taxation: “The first great lesson to learn about taxation is that taxation is […]