Here are two tweets that will make your jaw drop. The former head of the Zimbabwe central bank sympathized with the Austrian School of Economics. Former Federal Reserve Chair Ben Bernanke got the idea about quantitative easing from Zimbabwe. Huh? That’s the claim from Nick Giambruno. Here are the tweets: 1/2: One time I met […]
Archives for August 2020
Inflation not only destroys money, it threatens your liberty
By: Andrew Moran The way the U.S. government and the Federal Reserve have responded to the economic fallout of the Coronavirus pandemic has been something out of a Marx Brothers skit. Groucho aptly described the art of politics when he quipped, “Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying […]
Federal Reserve set to reduce currency swap agreements next month
All quiet on the U.S. dollar front? Apparently so. The Federal Reserve is confident about the dollar’s liquidity in global financial markets that it is trimming its currency swap agreements with several major central banks next month. According to the European Central Bank (ECB), the Fed would cut the number of seven-day swap operations with […]
Fear and capitulation in American society
Politicians support the Machiavellian philosophy of “never letting a crisis go to waste.” This has been evident since the start of the coronavirus pandemic. While governments probably did not manufacture COVID-19, they are certainly taking advantage of the virus outbreak, using every tool at their disposal to manufacture fear and compliance. If they can force […]
Can smarter computers save socialism?
By: Mark A. DeWeaver Austrian economists have traditionally argued against central planning on the grounds that much of the economically relevant knowledge in society could never be made available to a single planning authority. But today, with an unprecedented and ever increasing volume and variety of data now potentially accessible to the planner, it seems […]