By: Ryan McMaken Money supply growth surged to another all-time high in May, following April’s all-time high that came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages. The growth rate has never been higher, with the 1970s the only period that comes close. It was expected that money […]
Austrian Economics
Capitalism without central banks
By: Andrew Moran In traditional crime noir fashion, Van Heflin says in the 1942 film, Johnny Eager: “You knew when a woman loves you like that, she can love you with every card in the deck and then pull a knife across your throat the next morning.” This is how the stock market behaves – at […]
Is social media too big to go unchecked?
By: Onar Am Most conservatives do not have a problem with private ownership of rifles and handguns, but what about a nuke? Size and power seem to be important in determining the limits of liberty. Does a similar logic apply to social media companies such as Facebook and Twitter? There is a breed of libertarians who believe […]
What are the social consequences of negative interest rates?
By: Pascal Hugli Anyone who has ever been to Japan knows: Japan is special. The country has many strange habits. The Japanese culture is simply different and many peculiarities are hardly understood in the West. But it’s not only the old established traditions that are foreign to us Westerners. Just as disturbing are social developments […]
Are jobs really coming back or does the labor data not make any sense?
The U.S. economy is roaring again now that states reopening. As a result of many people going back to work and businesses trying to return to some semblance of normalcy, the coming labor reports are going to be bullish. In June, the U.S. economy created 4.8 million new jobs, lowering the unemployment rate to 11.1 […]