Gary North calls it the “The Triumvirate of Modern Warfare.” It’s the three political pillars of the modern warfare state, which also happens to be the foundation of the modern welfare state. In order to fund the warfare state there must be a high progressive income tax, a central bank (the Federal Reserve), and absence […]
Analysis
Infographic: FDIC guarantee and dollar safety a total illusion
As the below infographic makes clear, if there was ever a serious banking crisis and a run on the banks the FDIC could never cover all the deposits. This means the treasury would have to cover the deposits with the general fund (unlikely) or the Federal Reserve would simply have to print the money.
Where is the rampant inflation economists have been predicting?
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 […]
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. […]
Economics 101: Does mechanisation and technology destroy jobs?
LearnLiberty.org has new video out which you can view below called Does Government Create Jobs. Some people believe that the government can create jobs and others don’t. You’ll find out the true answer to that question in the video. But something you may not have considered is whether job creation is the best thing for […]