Human societies naturally divide into groups or tribes. Human tribes rely on a shared pride of belonging, and a sense of otherness toward non-members. This provides their members with a cause or meaning, such as jointly building a better life, …
Oysters with a Side of Vindication
I’d been down to London, and now I was back home. The whole episode was, in the cold light of morning, something of a blur. Vague memories of liberal amounts of champagne floated before my eyes, along with a vision …
Did Fink Save the Dollar? – Questions For Corbett
Corbett Report member pkadams contributes a Question For Corbett to the May Open Thread: Did Larry Fink save the dollar?
Source: The Corbett Report Read the original article here: https://corbettreport.com …
Money’s Grim Future
Prepare for total control of your economic life. That is the message from Brownstone Fellow Aaron Day at his 4-hour workshop in San Jose, California last Saturday, May 11th.
Day has written the excellent book The Final Countdown, which carefully …
The True Costs of Pandemic Prevention and Response
At the end of May 2024, the World Health Assembly will vote on whether to adopt two legally binding World Health Organization (WHO) instruments: a new Pandemic Agreement and amendments to the International Health Regulations (IHRs). These policies have been …
Strong Economy? Think Again
It should be evident by now that the “strong” economy of the last several years was nothing of the kind. To the contrary, the Keynesian GDP accounts were actually inflated by deferred spending runoffs that flowed from the utterly abnormal …
The Predictable Wastes of Covid Relief
If you ever had the vague sense that Covid relief funding worked in a manner akin to US aid packages in failed Middle Eastern dictatorships, your instincts weren’t wrong.
First off, there were cases of just outright fraud nearing the …
The Machinery of Fascism Revisited
Fascism became a swear word in the US and UK during the Second World War. It has been ever since, to the point that the content of the term has been drained away completely. It is not a system of …
The rise of the slacker aristocracy
One is an amateur filmmaker and stay-at-home-dad whose wife is an executive at a financial services firm. Another founded two technology companies and is taking some time out after selling each for millions of dollars. The third supports himself with …
Karl Polanyi’s failed revolution
Few 20th-century thinkers have had such a lasting and profound influence as Karl Polanyi. “Some books refuse to go away — they get shot out of the water but surface again and remain afloat,” Charles Kindleberger, the economic historian, remarked …
The Rich Get Richer: Thank the Fed
The rich are getting richer, the poor are getting poorer, and it’s all thanks to the Federal Reserve.
Last week the Fed released a new study that wealth of the top 1% in America hit an all time high of …
Why Liz Truss will never repent
What roles do reason and emotion play in politics? Is success a matter of winning over hearts, or about changing minds? To solve this conundrum comes a memoir by someone who apparently can do neither very well: Ten Years To …
What Happened to Bitcoin?
Those who involved themselves in Bitcoin markets after 2017 encountered a different operation and ideal than those who came before. Today, no one much cares about what came before, speaking of 2010-2016. They are only watching the upward price momentum …
Is Inflation Harmless?
The New York Times has published a strange article by Justin Wolfers, an economist at the University of Michigan. The headline is that his economist brain makes him say with regard to inflation: “Don’t worry, be happy.” The article gives …
Fiscal Collapse Accelerates
In case you thought anybody in Washington was driving this thing, they are not.
It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood …