STAFF NEWS & ANALYSIS Showing 4301 - 4350 of 6688
Stuck in the 20th Century
April 10, 2013
This Economist article actually maintains that the Federal Reserve is doing a better job of making a US recovery happen than the ECB. Economist writers and editors ought to visit the United States to see how the recovery is actually going. Many parts of the Uni ...
Big Banks, Baby!
April 10, 2013
Are we really supposed to believe that only large statist institutions can provide economic stability? That's what this article argues, anyway. It is curious that it appears at a time when the US government is trying to dismantle its biggest banks, with legisla ...
Tax Havens – Surely a Meme
April 10, 2013
Free-Market Analysis: We think we can recognize a dominant social theme when we see one. This sudden emphasis on eradicating tax havens is just such a theme. It is a manufactured media firestorm, intended to go on and on until there are few places to hide money ...
Margaret Thatcher, Enlarger of WHAT Freedom … Have You Looked at England Lately?
April 09, 2013
Sir Harold Evans is married to Tina Brown, one of our bête noirs ... a fabulously talented writer who long ago turned into a gunslinger for British imperial interests and globalism generally. Brown, editor these days of the Daily Beast and the just-folded prin ...
The Fiction That is Kenya
April 09, 2013
The Economist magazine's reporting is often fantastical. It treats countries as if they were people and politicians as if they were important. This "analysis" of Kenya's elections is a good example. There is no reason for Kenya to exist. It is a conglomeration ...
Apparatchiks or Journalists?
April 09, 2013
Free-Market Analysis: On the heels of the Cyprus offshore banking bustup comes this vast "investigation" of offshore individuals and corporations. It surely constitutes a questionable episode in Western reporting in the 21st century. The classical purpose of We ...
Building a Pre-Ordained Monetary Success in Japan?
April 09, 2013
We wrote about this recently but wanted to return to the topic because it is turning into some sort of litmus test for Keynesianism itself. Keynesianism (really neo-Keynesianism) thankfully is on the proverbial ropes these days, having shown nowhere in the civi ...
Real Evil: Attributing the Creation of Money to the State
April 08, 2013
This is the fundamental fault line between freedom and statism and one reason we've spent so much time writing about it and have been subject to so many attacks. The meme – and we early recognized it as such – that money is a state-sponsored occurrence can ...
Time Magazine Asks If the Global Economy is Falling Apart
April 08, 2013
Time magazine asks whether globalism is falling apart but the article is really just another excuse to rebut Stockman's book. We've already covered the controversy over David Stockman's new book that provides what is basically an Austrian analysis of today's sp ...
The Destruction of Offshore Banking Tolls for Thee
April 08, 2013
We wrote about this Saturday in an editorial but want to return to this topic today – and this Washington Post article gives us the opportunity to do so. Our contention is that what is seemingly a coordinated attack on the offshore industry is no coincidence. ...
What the Eurozone Needs Is More Centralization
April 08, 2013
Vox posted this long and scholarly article that calls for more EU centralization. You would think since the current level of centralization has worked so badly that its proponents would be searching for other answers. Not a chance. As we have pointed out numero ...
Occupy Wall Street: There Will Be Blood
April 08, 2013
This rebuttal to DeGraw's book is not entirely timely, as the book in question was actually posted and printed (we assume) quite a while ago. We didn't properly double-check the date and thought it to be new (an odd assumption since we previously responded in m ...
Fed Targeted for Centennial Commission: Another 'Nail in the Coffin'?
April 05, 2013
Steven Horwitz, once interviewed by the Daily Bell, has written an article in US News (see above) on ending the Federal Reserve. Horwitz is a Mercatus Center Affiliated Senior Scholar and the Charles A. Dana Professor of Economics and department chair at St. La ...
Greenbacker Proposals in Vogue: Build Bridges and Print, Print, Print
April 05, 2013
Here's a modest proposal: Let's wipe out the national debt. Much of the West's national debt is owed to various central banks. Columbia Professor Michael Woodford, called "the world's most closely followed monetary theorist," in this article says it ought to be ...
Was the Economic Crisis Triggered by a Lack of Justice?
April 05, 2013
This is a fun article/interview to analyze because unlike Greenbackerism it doesn't aspire to any kind of faux-sophistication about finance or maliciously distort the truth to mislead people. It studiously avoids reality, but that's not quite the same thing ... ...
So Long, University Days of Wine and Roses
April 05, 2013
But a degree is NOT ... not anymore. With Western economies in collapse, it is probably wiser to gain a trade than a degree. People who realize this are sensible and tending to their futures in a manageable way. Formal education at its higher levels is lifted f ...
Mises Has Won
April 04, 2013
No ... the greatest of all modern, libertarian thinkers, Ludwig von Mises, has won. The reputation of sycophantic socialist John Maynard Keynes lies in ruins (among those who understand, anyway) and the long debate that began back in the 1930s is likely settled ...
Does Being Gloomy Make You an Incompetent Prognosticator?
April 04, 2013
The book excerpt by David Stockman that appeared recently in the New York Times (entitled "The Great Deformation") has badly rocked the chattering classes (see other article this issue). Their arguments are being deployed now in a concerted counterattack that s ...
New American Explains the New BRICs Order – That's What We're 'Talkin' About!
April 04, 2013
The New American has done us the favor of pointing out the particulars of the BRICs' recent announcement regarding the formation of a developing world version of the International Monetary Fund. It turns out in almost every way that the BRICs agenda is an inter ...
Now It's The Netherlands's Turn
April 04, 2013
Gradually, the nonsense about North and South Europe will fall away. It is true the cultures are different and no one would accuse Greeks, in aggregate, as valuing the kind of efficiencies and detailed order apparently dear to many German hearts (or so we are t ...
Britain's Increasing Insolvency: Will the Center Hold?
April 04, 2013
Almost every week in the European – British – press we are treated to yet another optimistic forecast about Britain's economic condition. And yet it keeps deteriorating. This admission by government officials about the reality of the British fiscal conditio ...
Obama Pumps a New Housing Bubble
April 04, 2013
It's happening again ... In the late 1990s, credit was screwed down in the US, creating in the tech bubble and bust. In the early 2000s, the Fed kept rates so low that some homebuyers actually received offers of remuneration were they to take advantage of credi ...
The Most Incredible Sophistry
April 04, 2013
We must make a confession: We didn't read David Stockman's article in the New York Times until recently ... but, boy, we sure should have! This video, which is a response to Stockman's screed, is probably the most inchoate and disorganized single presentation w ...
More Damage: Euro Tumbles as Reserve Currency
April 03, 2013
In our continued effort to explain why the shift from East to West is not entirely coincidental, we bring you this report from Der Spiegel. It continues, generally, with the dominant social theme (already identified in these pages) of Asian might, and in partic ...
China Builds Great Central Bankers?
April 03, 2013
Around the world, Western-style monetary recipes are failing. But this article attempts to convince us that the Chinese have somehow managed to implement miraculous growth using ingredients that are notably dysfunctional elsewhere. How is that possible? We woul ...
Japanese Officials Promise to Degrade Currency Aggressively
April 03, 2013
We used a provocative headline (above) to remind readers that when central bankers promise to "stimulate" they are really talking about printing more money that inflates the money supply and causes, eventually, price inflation. This is what Japan's newly electe ...
A Real Market-Money Standard …
April 03, 2013
Another day, another jeremiad from The Atlantic (which used to be a respectable thought publication) on the efficacy of political activism in the economic arena. It is truly tiresome after a while and, yes, it is easy to shoot down the idea of a state-controlle ...
Weird: BOE Supports Chinese Financial Domination …
April 02, 2013
We've posted several articles now attempting to explain that the East versus West monetary competition is a kind of dominant social theme that doesn't reveal the reality of what's going on. But it is a meme, nonetheless, that is being ladled thick and fast. Fir ...
Slate Wants to Drop Money From Helicopters. Not so Fast …
April 02, 2013
We've often pointed out that current economics involves transmitting electronic digits from central banks to money center (distributive) banks that then lend out the money or not as they choose. There is really no difference between putting this money in banks ...
Reaction to Flash Crash Article Exposes Roots of Real Crisis
April 02, 2013
Another day, another fulsome narrative about how paunchy middle-aged men (and some plump or fashionably emaciated women) save the world. The only trouble with these endless books is that there are so many crises because the same superheroes we learn are saving ...
Government Subsidies Are Not the Money Problem
April 02, 2013
This editorial makes the case that the US government is propping up Wall Street products and production and needs to stop it. The free market and risk taking needs to return to the larger securities industry. When government makes risky activity profitable then ...
Confederacy of Dunces?
April 02, 2013
You can only shake your head. There are so many people who believe that more government is the answer or that "markets fail." Of course it is impossible for a market to fail. The worst that can happen is that the market price is not sufficiently accurate from a ...
Problematic UN
April 02, 2013
The Telegraph tells us the story of Kathryn Bolkovac, who went to Bosnia and discovered that UN officials and supporters were apparently involved in sex trafficking or at least covering it up. This is an important story that has now been made into a film. Were ...
Germany … A Wicked, Wicked People
April 02, 2013
We've written about this dominant social theme before but because of this article we can't resist returning to it. Everything we wrote about it is right here in black and white. We should also note that while this article was written a week ago when Cyprus was ...
Terrible Costs of a 'Modern Economy'
April 02, 2013
When large democracies create state mandates they will inevitably be exploited. Now it appears that nearly a million in Britain were taking advantage of sickness-related benefits that they were not eligible for. This figure is arrived at via reports that 878,30 ...
Shock: Is Australia Really Falling Under the Orbit of China?
April 01, 2013
We've already written about this dominant social theme. We are supposed to believe the Western world is moving away from the dollar and that Australia is fundamentally breaking away from Britain and welcoming the embrace of China? Last week came news that the B ...
Is It the Baby Boomers' Fault?
April 01, 2013
This article actually appeared about six months ago but is worth examining within the parameters of Western decline given that we are documenting the shrinkage of the US dollar economy, the rise of an alternative, BRIC-based International Monetary Fund, etc. (S ...
Telling the Truth About Cyprus: EU Benefit or Mistake?
April 01, 2013
This is a very revealing article posted at Reuters that comes out flatly and says the Cyprus crisis was overblown on purpose because otherwise sufficient pressure could not have been generated by the world community to change Cyprus's behavior. Yet the campaign ...
Will Tax Havens Subside Now That Cyprus Has Crumpled?
April 01, 2013
This article posted at CNBC basically acknowledges that an important issue surrounding the Cyprus issue is Cyprus' status as a tax haven and that others are now vying to replace Cyprus. If indeed Brussels attacked Cyprus over its accommodation of those seeking ...
Two Reasons to End US QE? We Can Think of One More …
March 29, 2013
According to the Washington Post, there is a growing consensus for shutting off the Federal Reserve's monetary stimulus plan – see above – that is based on two reasons. Either it has succeeded brilliantly or it has introduced macro-economic risks that have ...
Italy Struggles and Consensus Withers, as Predicted
March 29, 2013
We are led to believe from this report that the process of creating a government in Italy is moving ahead even though it is obviously difficult. In fact, we have anticpated the difficulties in several articles, pointing out that Brussels Eurocrats and the globa ...
As Canada Collapses, Do We Need to Ask Why?
March 29, 2013
So Canada, the bright light of Western industry along with Australia, is now showing signs of wavering. The Canadian miracle is growing long in the tooth. We've already written about this but it occurs to us that the presentation of the impending collapse is be ...
Does a Country Make Its People Great?
March 29, 2013
We used the word "she" in the above dominant social theme to illustrate a point. We have no idea what sex India is. In fact, from what we can tell, India is actually an arbitrary series of lines on a map representing dirt, rocks, trees, rivers, etc. Lots of peo ...
What Is the REAL Euro End Game?
March 28, 2013
According to Business Insider, Jeroen Dijsselbloem has provided an "end game" for the euro that shows clearly what strategy is being contemplated. And the strategy is to shift responsibility from taxpayers to bank depositors for insolvencies. The idea, apparent ...
Why Western Banks Are Being Destabilized
March 28, 2013
Gradually the liniments of banking reform are becoming clearer. It began as a low drum roll with the resurgence of Greenbackerism and has continued to expand. We've tracked these ideas and have been regularly attacked for pointing out the "campaign-like" nature ...
Fashion of Public Solutions Is Doomed
March 28, 2013
Over and over again we find waste and mismanagement in government programs. And the worst offender of all – at least in the West – is the US federal government. Probably the European Union would exceed the US government but the amount of money available to ...
Climate Change as Financial Policy: A Costly Fashion?
March 28, 2013
While there is considerable controversy over climate change – global warming – that hasn't stopped New York state from incorporating it into financial policy. Like many globalist dominant social themes, this one is gradually graduating from hypothesis to la ...
What Central Banks Need More Of …
March 28, 2013
One of the biggest dominant social themes currently is increased central banking accountability – or even a wholesale reorganization that brings central banks entirely under public sector purview. In this issue of the Daily Bell as in others we continue to tr ...
Robotics Reporters: A Meme Compounded by a Theme
March 28, 2013
Here at the Daily Bell we've been carrying on a conversation with feedbackers over the advances of industrial robots – and subsequent investment and employment ramifications. Now comes this article on robotics taking over reporting. Will reporters be put out ...
CFR Tells US Good News About Commodity Prices
March 27, 2013
The Council on Foreign Relations deservedly or not has a reputation in "conspiracy circles" for being an elite facility that has considerable influence on US policies. But leaving that aside, the CFR often provides support for free-market arguments. Such is the ...
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