News
Degrees of Seriousness on the National Debt
1+ week, 12+ hour ago (808+ words) We hit an ignominious milestone recently when the national debt crossed $39 trillion. Naturally, regular citizens have chimed in about what's to blame, who's to blame, what can be done, or does it even matter. The discussion usually takes one or…...
Will Higher Interest Rates Counter Inflation?
8+ hour, 54+ min ago (537+ words) More characteristically, the mint melted and recoined all the coins of the realm, giving the subjects back the same number of "pounds" or "marks," but of a lighter weight. The leftover ounces of gold or silver were pocketed by the…...
Why War Is Pushing Gold Down and Oil Up
2+ day, 13+ hour ago (333+ words) Mark Thornton unpacks a counterintuitive correlation: as the Persian Gulf conflict escalates, oil spikes while gold and silver slide. He explains how higher oil feeds the CPI, locks central banks out of rate cuts, and pressures precious metals through the…...
Japan's 10-year yield just hit the highest level in 27 years
3+ day, 6+ hour ago (182+ words) Inflation pressure, plus uncertainty means Japan, like the US, faces upward pressure in bond yields. This will bring down a lot of overleveraged households and businesses." Mises Institute Senior Fellow Alex J. Pollock was featured last month at the AEI's symposium…...
Bob Responds to Randall Wray on Sectoral Balances
3+ day, 2+ hour ago (360+ words) After his recent Zero Hedge debate with MMT co-founder Randall Wray, Bob takes a deep dive into the sectoral balance approach. He explains why the MMT argument is technically a tautology, how it's deeply misleading, and why the private sector…...
More Federal Reserve officials see possible rate hikes this year, minutes show
4+ day, 13+ hour ago (133+ words) "The number of Fed policymakers willing to consider an interest rate hike rose. .. as higher gas prices stemming from the Iran war threatened to worsen inflation in the coming months." More Federal Reserve officials see possible rate hikes this year,…...
The Theft of Your Good Deflation
4+ day, 8+ hour ago (364+ words) Your dollar has lost 96-97 percent of its purchasing power since 1913. This is not bad luck or mysterious market forces. It is the result of deliberate policy choices that steadily, quietly drained your wealth'and convinced you it was being done for…...
The Economic Destruction of Trump's War Goes Far Beyond High Gas Prices
5+ day, 10+ hour ago (166+ words) This war is not just making energy more expensive, it's knocking out the higher order goods the global structure of production depends on. This has already locked in dangerous shortages in critical industries like healthcare, food production, and much more....
Gold, Fiat, and the Fed
1+ week, 1+ hour ago (204+ words) Dr. Jonathan Newman joins Charlotte Mc Leod and presents a primer on Austrian economics. They discuss discusses gold's role as money and why "Fed independence" is largely political theater in practice. Jonathan also lays out a practical, Rothbardian framework for…...
Thanks to Trump, rising fuel prices endanger Milei coalition
1+ week, 10+ hour ago (169+ words) Rising prices, triggered by Trump's Iran War (which Milei supports) endanger the political future of Milei in Argentina, as it does with other rightwing regimes in South America. " Are rising oil prices responsible for inflation? While some economists and many…...