All quiet on the U.S. dollar front? Apparently so. The Federal Reserve is confident about the dollar’s liquidity in global financial markets that it is trimming its currency swap agreements with several major central banks next month. According to the European Central Bank (ECB), the Fed would cut the number of seven-day swap operations with […]
Fear and capitulation in American society
Politicians support the Machiavellian philosophy of “never letting a crisis go to waste.” This has been evident since the start of the coronavirus pandemic. While governments probably did not manufacture COVID-19, they are certainly taking advantage of the virus outbreak, using every tool at their disposal to manufacture fear and compliance. If they can force […]
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 […]
THANKS FED: Apple’s market value tops $2 trillion, economic output greater than Peru
The Federal Reserve money machine is creating a first in the U.S. stock market: a multi-trillion-dollar company. Apple became the first publicly listed U.S. business with a $2 trillion market value. On Wednesday, the iPhone maker’s stock hit $468.65, or roughly a market capitalization of $2.004 trillion. Apple now represents approximately seven percent of the […]
Uh, CNN? Andrew Cuomo calls COVID-19 the ‘European Virus’
This is awkward. Remember when the mainstream media kept referring to the coronavirus as the Wuhan Coronavirus only for the media to then declare that calling it by that name was racist? Well, for whatever reason, Governor Andrew Cuomo (D-NY) decided to give COVID-19 another name: The European Virus. He called it that during a […]