By: Thorsten Polleit In an effort to “fight” the consequences of the politically orchestrated “lockdown,” the Fed pumps vast amounts of money into the economy. It injects base money into the banking system. It also monetizes outstanding debt and finances the US administration’s deficit spending policy by issuing new money. This not only increases “excess […]
Austrian Economics
Will food shortages force government to end the shutdown and reopen America?
By: Jeff Deist Americans are uniquely privileged, to the point of simply imagining they can stay home for months and months without suffering severe economic hardship as a result. Our unique privilege is delusion, the mentality that America is rich and will remain rich without particular effort on our part. Abundance simply materializes around us, […]
WATCH: Robert Wenzel talks to Rethinking the Dollar
The eminent Robert Wenzel made his return to Rethinking the Dollar after about five years. The interview touched upon a variety of subjects, including the Federal Reserve, the U.S. dollar, the coronavirus, and much more. Here is the interview hosted by the wonderful Mike Manwell: As a bit of a plug, your very own also […]
End face mask patents now?
By: Nick Hankoff President Trump is convening with governors to reopen the economy, which will likely mean some sort of compulsory face mask order. Now is the time to seriously consider scrapping the patents on masks such as the N95. Government at all levels has severely overreacted to the COVID-19 pandemic, but at long last there […]
Will COVID-19 help world to ditch the GDP?
By: Joseph Solis-Mullen As COVID-19 prompts a reevaluation of institutions and standard methods of operating the world over, an opportunity exists to reorient our economic thinking so that it more closely corresponds to the realities of the modern economic landscape. It starts with abandoning GDP. GDP (gross domestic product, sometimes expressed as gross national product (GNP), a […]