The root cause of the crisis is the credit money system Economic data suggest that the large economies around the world – the US, Europe and Japan – are working themselves out of the latest financial and economic crisis. Output
Leonardo DiCaprio has been lambasted for romanticizing the life of the real-life “wolf” he recently won best actor for at the Golden Globes. Jordan Belfort, the founder and president of New York investment banking firm Stratton Oakmont, conned small-time investors
Kurt Vonnegut once said “Laughter and tears are both responses to frustration and exhaustion.” When it comes to watching the financial media discuss the “rosiness” of the US economy, frustration and exhaustion are two words that definitely come to mind.
Reprinted from Mises.org On Monday, former Fed official Andrew Huszarpublicly apologized to the American public for his seminal role in executing the Quantitative Easing (QE) program, a program he characterizes as “the greatest backdoor Wall Street bailout of all time,” and
Reprinted from Laissez Faire Today Now, this is sheer entertainment. The Chicago branch of the Federal Reserve has addressed the great monetary question of our day. A researcher has taken a detailed look at the prospects for market-based crypto-currency, with a special
In 1928 Portugal was, as today, on the verge of economic crisis. For over a century its various governments had been running on accumulated deficits and crises were recurrent. In April, the military regime called upon Professor Salazar to head
What the media calls a “currency war”, whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide”. They engage in the fallacious belief that weakening one’s own currency will improve their products’ competitiveness in