Money supply growth fell slightly in April, falling below March’s eight-month high. Even with March’s bump in growth, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During the thirteen months between April 2020 and April 2021, money supply growth in the United States often climbed above 35 percent, well above […]
It is often said that those that refuse to learn from history are doomed to repeat it. More than a decade ago, the Federal Reserve created the most epic housing bubble in American history and everyone was happy until 2008 came along. The economy slowed down, home prices crashed and the ensuing chaos on Wall […]
Although many don’t realize it, interest rates are simply the price of money. And they are the most important prices in all of capitalism. They have an enormous impact on banks, the real estate market, and the auto industry. It’s hard to think of a business that interest rates don’t affect in some meaningful way. […]
Negative feedback loops are the ultimate source of value. Mises called it “uneasiness and the image of a more satisfactory state”. Bill Gates said that “Your most unhappy customers are your greatest source of learning”. Negative feedback loops give us the opportunity to improve our service delivery capacity, and the value proposition behind it. Sterling […]
“It’s possible to have more than one reserve currency.” These are the recent words of Jerome Powell, the Chairman of the Federal Reserve. It’s a stunning admission from the one person who has the most control over the US dollar, the current world reserve currency. It would be as ridiculous as Mike Tyson saying that […]
With a budget surplus of more than $200 million, the California legislature is thinking big, really big, and that means one thing: single-payer government healthcare, which recently was introduced as AB 1400. Notes the Los Angeles Times: This measure … would completely change healthcare coverage for Californians. Insurance companies would be shoved aside. People would […]
Claire O’Driscoll Despite an apparent shift in the mainstream narrative to the crisis in Ukraine, the Irish State’s Covid-19 propaganda war rages on. Popular TV shows, like RTE’s diet & fitness series Operation Transformation, are to be found on the frontline of this battle for hearts and minds. “We need to sing again. We need […]
International Man: Politicians, the media, and large corporations promote solar and wind energy as replacements for fossil fuels. Western governments are trying to pick winners and are subsidizing wind and solar energy to the tune of billions. What’s going on here? Doug Casey: Solar and wind energy can be useful. But generally only for special […]
I can’t believe that they actually did it. Even though it is painfully obvious that the U.S. economy is slowing down dramatically and that we are heading into an excruciating repeat of the housing crash of 2008, the Federal Reserve decided to go ahead with the largest interest rate hike in 28 years anyway. History […]
Thank you very much for the invitation. I am delighted to have the opportunity to share some thoughts with you on a topic I am very much interested in and that I believe is of the utmost importance to people around the globe—and that is “the digital future of markets and money.” So let us […]
