EDITORIAL Showing 4901 - 2 of 2
Cypriot Chaos Assists EU Centralization
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 ...
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 ...
Emulate Ron Paul
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 ...
Homeschooling: The Future of Liberty
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 ...
From Grammar School to Battlefield with Richard Maybury
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 ...
Offshore Banking and the Shadow of the Gallows …
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 ...
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 ...
The Stockman Backlash
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 ...
The Assault On Gold
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 ...
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 ...
A Regulatory Illusion
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 ...
The Mom and Pop Predicament
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, ...
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 ...
Flying High on Borrowed Wings
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 ...
Holding Your Nose for Principles
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 ...
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 ...
The Great Cyprus Bank Robbery
April 01, 2013
The dramatic recent events in Cyprus have highlighted the fundamental weakness in the European banking system and the extreme fragility of fractional reserve banking. Cypriot banks invested heavily in Greek sovereign debt, and last summer's Greek debt restructu ...
Doug Bell: Why a Former Supercuts Entrepreneur Offers a Uruguayan Farmland Investment Pool
March 31, 2013
The Daily Bell is pleased to present this exclusive interview with Douglas Bell. Introduction: Doug Bell grew up in Los Angeles and graduated from Wesleyan University. After nearly a decade as an industrial designer and project manager in a professional educati ...
Central Banking Is Central Planning
March 30, 2013
A book review in the Wall Street Journal by associate professor of economics at San Jose State University Jeffrey Hummel entitled "The New Central Planning" tends to confirm the perspective that the Federal Reserve is under continued attack. The upshot may be a ...
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 ...
Showing 4901 - 2 of 2 – Newest on Top

loading