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 […]
Austrian Economics
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 […]
Gold climbs above $2,000 as debt-inflation spiral drives up metal demand
By: Alasdair Macleod Measured in dollars, the current bull market for gold started in December 2015, since which its price in dollars has almost doubled. Other than the odd headline when gold exceeded its previous September 2011 high of $1,920, only gold bugs seem to be excited. But in our modern macroeconomic world of government-issued […]
Sound money goes to Washington? New caucus focuses on sound fiscal, monetary policy
By: Jp Cortez As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of Congressmen hope to shine a new spotlight on the devastating effects of this runaway financial profligacy. Congressman Warren Davidson (R-OH) recently […]
Random Friday: Manhattan rents, a big short in currencies, don’t criticize Kamala Harris
News Story of the Day: Well, if you ever wanted to move to the lovely place of Manhattan, then now would be an opportune time. Thanks to the disastrous policies of Mayor Bill de Blasio and Governor Andrew Cuomo, it hasn’t been this cheap to live in Manhattan in years. Manhattan apartment rents fell ten […]