The Federal Reserve and central banks worldwide should not adopt a gold standard? Doesn’t that diverge from the libertarian creed, the teachings of Austrian economics for decades now? Aren’t gold bugs everywhere demanding a gold standard? Well, not exactly. Bloomberg News ran an article Tuesday entitled “Make America Gold Again: Calls for Everyone’s Favorite Standard […]
Archives for May 2016
Video: Donald Trump destroys clueless protesters
Donald Trump is wrong on a lot of issues, particularly when it comes to the economy. With his campaign shifting into establishment mode, his foreign policy will also maintain the interventionist theme that has dominated United States politics for decades. For the last several months, anti-Trump protesters just seem to be harping on that he’s […]
Venezuela running out of money to pay for its money
It seems Venezuela is running out of everything. The socialist paradise is short of corn, flour, bread, milk and toilet paper. It could also soon run out of money to pay for its money. Wait…what? According to Bloomberg News, the Venezuelan central bank is trying to print as many new bills as possible to keep […]
Central banks dumping U.S. debt at record pace
Central banks are dumping United States debt at record pace, says new data published Monday by the Treasury Department. According to the report, central banks sold a net $17 billion and a total of $123 billion so far this year. This is the fast pace of central banks selling off U.S. debt since 1978. In […]
What gender wage gap? New study finds global gender pay gap is just 1.6%
Gender wage gap? What gender wage gap? That’s the question that a new study is prompting many of us to ask. According to a Korn Ferry Hay Group analysis of nearly three-dozen countries around the globe, the gender wage gap is pretty much non-existent in the developed world. Looking at more than eight million employees […]