Peter Schiff is still one of the best financial commentators around today. He may have been gotten a couple of prognostications wrong, such as gold hitting $5,000 per ounce, but Schiff’s analysis is still fundamentally sound. Schiff recently appeared on RT’s “CrossTalk” to discuss the so-called K-shape recovery and other subjects. He spoke alongside Richard […]
Austrian Economics
Why does socialism starve nations?
By: Andrew Moran One of former President Ronald Reagan’s favorite Soviet Union jokes involved a government official, a farmer, and potatoes. The Russian commissar visits the collective farms to examine the state of the harvest. The farmer tells the man, “Oh, comrade commissar! If we took all the potatoes, they would reach the foot of […]
Is it time to outlaw billionaires to appease Bernie Bros?
By: Bradley Thomas A mantra popularized by Bernie Sanders and like-minded progressives declares “billionaires should not exist.” The statement serves as both a declaration of the “immorality” of wealth inequality as well as a justification for steep confiscatory taxes on wealth favored by the likes of Sanders and Elizabeth Warren. While on the campaign trail last year, Sanders […]
Inflation & Shortages: The coming post-coronavirus food crisis
By: Andrew Moran While central banks are busy depreciating money, governments have spent the last several months debasing the most important currency in modern economics: tradeoffs. Since the Coronavirus pandemic forced folks to seek shelter in their basement à la Joe Biden, policymakers around the world have collectively decided that COVID-19 takes precedence over everything else, even if […]
WATCH: The world is doing better than ever before
Have you ordered a lifetime supply of razor blades and rat poison? We don’t blame you. It is nothing but bad news on all the cable news networks, from CNN to MSNBC to Fox News. COVID-19, natural disasters, politics, and the list goes on. But you might be surprised to hear this: The world is […]