Inflation was low. The U.S. dollar is the premier reserve currency. Gold is just a shiny metal to look at in your vault. It has been hard to convince Wall Street to acquire gold. Well, it looks like institutional investors are placing all bets on the 5,000-year-old metal and sounding like students of the Mises […]
WATCH: Jerry Nadler thinks Antifa in Portland is ‘a myth’
You cannot bet on the intelligence of politicians in Washington. Or perhaps they’re all a bunch of liars. Thomas Sowell quipped that if you passed a law against lying there would be an eery silence on Capitol Hill. Fleccas caught up with Rep. Jerry Nadler (D-NY) to ask him to disavow Antifa in Portland. He […]
Socialism will forever keep Africa in poverty
By: Andrew Moran Why is Africa still mostly poor? Progressives will shriek that the ghost of colonialism and the spirit of capitalism has turned the continent into an unsalvageable wasteland mired in corruption and poverty. In recent years, many countries have introduced fragments of the free-enterprise system, which has given a lot of people a taste of […]
Gold rallies to record high on inflation, coronavirus fears
Gold did it! After weeks of will-it-won’t-it, the yellow metal finally hit an all-time high. Gold prices settled the Monday trading session up more than $33 to around $1,931 per ounce. The yellow metal climbed to as high as $1,942 in intraday trading before paring some of its gains. Year-to-date, gold prices have surged 27 […]
Random Friday: PBoC to pause easing, a COVID-19 tax, Joe Biden’s nostrils
News Story of the Day: Is China set to be the first country to hit the pause button on monetary stimulus in response to the coronavirus pandemic? Reuters is reporting that the People’s Bank of China (PBoC) is unlikely to pull the trigger on any other stimulus measures to support the economy, mainly due to […]