News Story of the Day: How many workers in their 20s and 30s today expect to receive Social Security when they retire? Not too many. But older workers should not be anticipating too much from the system either as cuts loom over Social Security beneifts. With the federal government strapped for cash, the adverse effects […]
Austrian Economics
How much longer will monetary, fiscal magic prop up the housing bubble?
By: Doug French Make the money cheap enough and government intrusive enough, and incongruous headlines appear side by side. For instance, from the Las Vegas Review-Journal comes this head-scratcher: “Las Vegas Housing Market ‘on Fire’ as Economy Limps Along.” Almost Daily Grant’s reminds us the Federal Reserve is on the job 24/7/365, There’s more where that came from. Last week’s […]
The true costs of the zombification of Corporate America
By: Ali Mecklai Recent data published by Yardeni Research Inc., Bank for International Settlements (BIS), the Institute of International Finance (IIF), and in the Federal Reserve Bank of St. Louis Economic Data (FRED) database offers an insight into the true extent of central banking practices before and during the covid-19 pandemic. The wide-ranging implications of this can […]
Did China, Russia declare war on the U.S. dollar?
By: Andrew Moran The U.S. dollar has been on a roller coaster ride in 2020. It went from one of the top-performing currencies in international markets to cratering 7% in only a few months. As the Federal Reserve embarks upon an inflationary campaign and investors become more confident in global financial markets, the dollar is […]
LOL: Ex-Zimbabwe central banker says Ben Bernanke got QE idea from him
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 […]