EDITORIAL
Showing 3701 - 0 of 0
April 11, 2013
The newest invention in monetary affairs are the so-called Bitcoins. Their creators and promoters explain them as follows: 'Bitcoins are digital money. They are transferred person to person through Internet without going a bank or a clearinghouse, so they are i ...
April 11, 2013
This week's Solari Story from Catherine Austin Fitts is titled "A State of Amusement." Here's a bit of the transcript: We're in a situation where we've been operating for 500 years in a financial model. I call it the Central Banking Warfare model. So imagine if ...
April 10, 2013
The Kohl administration actually donated funds to French politicians to influence French domestic opinion. And now it turns out that Kohl himself confesses he "acted like a dictator" to ensure that Germany adopted the euro. Kohl explains that he acted like a di ...
April 10, 2013
In an article yesterday we suggested that the reason Japan was embarking on a massive attempt at Keynesian-style stimulation was to promote the efficacy of Keynesian economic "cures." But there is another possibility as well. Perhaps the idea is to start a curr ...
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 ...
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 ...
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 ...
April 10, 2013
Is there a difference between censorship and selectivity? In a private gallery or museum the owners or curators must always be selective. There isn't infinite, unlimited room available to place all the art that might be exhibited. Good judgment is part of the j ...
April 10, 2013
We can barely catch our breath. We can't stop laughing. Last week, Japan announced that it would undertake a bold and radical experiment. After 23 years of on-again, off-again deflation, the new government decided it had had enough of things getting cheaper. Th ...
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 ...
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 ...
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 ...
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 ...
April 09, 2013
Remarks by members of the European Union's elite suggesting that banking deposit seizures may become standard practice appear to have heightened the risk of a European bank run and perhaps even a catastrophic collapse of the euro. Any threat to the euro is a th ...
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 ...
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 ...
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. ...
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 ...
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 ...
April 08, 2013
This talk was delivered to the Alabama state convention of Young Americans for Liberty in Auburn, Alabama, on April 6, 2013. I've had the privilege of knowing Ron Paul for 37 years. I worked as his chief of staff during his early years in Congress, and he playe ...
April 08, 2013
A common feature of authoritarian regimes is the criminalization of alternatives to government-controlled education. Dictators recognize the danger that free thought poses to their rule, and few things promote the thinking of "unapproved" thoughts like an educa ...
April 07, 2013
The Daily Bell is pleased to present another exclusive interivew with Richard Maybury. Here's a brief snippet: Daily Bell: So you are saying this vast collection of crooks and tyrants in the Mideast and elsewhere became the US Empire. Richard Maybury: Yes. And ...
April 06, 2013
Is it over? This is an issue I want to address today because it has not been adequately reported by the mainstream media. Listen closely and you will hear shrieks of silent, psychic pain emanating from luxurious apartments and boardrooms around the world. The w ...
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 ...
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 ...
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 ... ...
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 ...
April 05, 2013
This week, while economists should have been closely considering the implications of the actual bankruptcy of Stockton, California, they instead heaped scorn on the perceived ideological bankruptcy of David Stockman. In other words, Stockman trumped Stockton. R ...
April 05, 2013
For Americans, financial and economic Armageddon might be close at hand. The evidence for this conclusion is the concerted effort by the Federal Reserve and its dependent financial institutions to scare people away from gold and silver by driving down their pri ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
April 04, 2013
The International Monetary Fund (IMF) is much in the news these days given that Europe is convulsed first by monetary incompetence and then by IMF-oriented "austerity." As these pages show regularly, the IMF has ambitions of becoming a global central bank of la ...
April 04, 2013
This week's Solari Story from Catherine Austin Fitts is titled "The Mom and Pop Predicament." Here's a bit of the transcript: I find there's a real effort now to blame Mom and Pop USA for what's happening and it's one of the most frustrating things for me. Yes, ...
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 ...
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 ...
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 ...
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 ...
April 03, 2013
After selling off an astounding 56% between October of 2007 and March 2009, the S&P 500 has staged a rally for the ages, surging 120% and recovering all of its lost ground too. This stunning turnaround certainly qualifies as one of the more memorable, and unusu ...
April 03, 2013
One of the difficulties with standing on principle is that often one is defending them when they are practiced by bad people. Or when bad conduct is involved. In both kinds of cases one may have no sympathy at all for the specifics but still finds it important ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
