News Story of the Day: Is a strong dollar helping inflated inflation pressures? Investors are viewing the greenback as a safe-haven asset during the trade war. According to the Bureau of Labor Statistics (BLS), U.S. import prices fell 0.6 percent in August, the biggest decline since January 2016. This followed a downward revision of 0.1 percent […]
Austrian Economics
4 reasons why socialism fails
By: Anthony Mueller The new “democratic socialists” want to make their followers believe that one could redistribute wealth and income and socialize a large part of the economy without harming production and productivity. They claim that a comprehensive control of the economy by the government would bring more justice and more prosperity. The democratic socialists […]
Congressmen Introduce Bill to End Taxation of Gold and Silver
Washington, DC (September 7, 2018) – The battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion. The Monetary Metals Tax Neutrality Act – backed by the Sound Money Defense League, Money […]
DEFAULT: Governments go insolvent more than you think
By: Daniel Lacalle In this era of monetary fiction, one tends to read all types of undocumented and misguided views on monetary policy. However, if there is one that really is infuriating: MMT science fiction. One of its main principles is based on a fallacy: “A country with monetary sovereignty can issue all the debt it needs […]
U.S. trade deficit rises at fastest pace since March 2015
President Donald Trump’s protectionist agenda doesn’t seem to be helping decrease the U.S. trade deficit. According to new data from the Department of Commerce, the trade deficit ballooned in July by the fastest pace in three years. The gap spiked 9.5 percent to $50.1 billion in July, up from a revised $45.7 billion in the […]