Will Debt Sink the American Empire?
So asks the Wall Street Journal, in an uncharacteristically gloomy article for the bull market’s paper of record.
They kick off with the problem: America is “cruising” into an uncharted sea of federal debt, …
Anatomy of Money and the State
A couple of weeks ago, a slim brown paper-wrapped package arrived in my rural postbox. Clearly, a small paperback had been sent to me unsolicited by the Mises Institute. Title? “What Has Government Done to Our Money?” by the genius …
Are We Already in Recession?
Have we already entered a recession? Worse, have we been in a recession for years now?
Recently I joined Jeff Tucker of Brownstone Institute on an article about the Herculean task of trying to figure out what’s actually happening in …
France has scorned globalisation
Although French voters rejected the far-Right National Rally in last weekend’s election, in giving most of their support to either the RN or the Left, they still repudiated Emmanuel Macron’s liberal internationalism. In doing so, France joined the rising tide …
What Is the Real Economic Story of Our Times?
Will you help us with some important economic research?
We want to get to the bottom of what has happened to the US and world economy since the disaster of lockdowns. Something doesn’t feel right, and we would like to …
Is the Global Inflationary Depression Already Here?
There was an oblique message buried in a New York Times story on the growing crisis in commercial real estate in cities. Yes, this is exactly the kind of article that people pass over because it seems like it doesn’t …
The EU’s economic war on Le Pen
With France bracing itself for the first round of its snap parliamentary election this Sunday, the near-certain prospect of victory for Marine Le Pen’s National Rally (RN) has sent French and EU elites to their panic stations. Reeling from their …
The 3 Drivers of US Consumers Hit a Wall
The American consumer is giving up. Tapped. Out of cash.
So says Bloomberg in a recent article called “Key engines of US consumer are losing steam all at once.”
In short, consumer spending over the past year has been propped up by …
On the Edge of the Programmable Ledger: CBDCs
New Zealand’s central bank, the Reserve Bank of New Zealand (RBNZ), has opened a consultation on central bank digital currencies (CBDCs). This is the second of four stages. RBNZ considers that Stage Three will involve the development of prototypes and …
Shein has revealed Britain’s cheap heart
It is hard to think of a company that combines as many “evil corporation” tropes as Shein, the Chinese ultra-fast fashion giant. Several investigations have found exploitative conditions in the factories that make its clothing. It stands accused of benefitting …
Shein has revealed Britain’s cheap heart
It is hard to think of a company that combines as many “evil corporation” tropes as Shein, the Chinese ultra-fast fashion giant. Several investigations have found exploitative conditions in the factories that make its clothing. It stands accused of benefitting …
Nihilism Strikes with a Vengeance
We live in what is probably the most nihilistic era in the history of humankind. Most English-speaking people have probably heard the term, ‘nihilism,’ but I’m willing to bet that not many know its precise meaning. The term comes from …
2020 Pushed Minnesota Toward the Third World
Minnesota has quickly become a case study for the disastrous effects of the Covid response, including how government programs facilitated brazen fraud, how criminals use tribalism to deflect accountability, and how Americans are now poorer and less safe than five …
Renters and Owners Live in Separate Economies
It turns out renters and homeowners are living in two entirely different economies, at least according to a new study by the Federal Reserve. Who, ironically enough, made it happen.
In short, renters are in dire straits financially, while homeowners are “continuing …
A Fork in the Road of the EU
In case you hadn’t noticed, we just celebrated “Europe Day” on Thursday, May 9th, marking the 74th anniversary of the Schuman Declaration. This declaration, presented by French Foreign Minister Robert Schuman on 9th May 1950, paved the way for the …