“Surviving Or Thriving” – What Canada’s 40% Surge In Meat Prices Means

Thursday, May 14th, 2015 by posted in Capitalism, Economics, Regulation.

Reprinted from Zerohedge: On the surface, Canada’s 1.2% inflation is negligible, and barely enough to keep up with the pace of overall growth as mandated by a few central bank academics. It is below the surface, however, that one finds

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Canada’s Central Bank is Headed by a Comedian

Wednesday, May 13th, 2015 by posted in Banking, Capitalism, Economics.

Reprinted from Yet Another Delusional Bubble Blower Canada is home to one of the most egregious housing and credit bubbles in the world – a legacy of its former central bank governor Mark Carney, who is now blowing a

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The “War on Cash” Migrates to Switzerland

Thursday, May 7th, 2015 by posted in Banking, Capitalism.

Reprinted from Banks Increasingly Refuse Cash Withdrawals – Switzerland Joins the Fun The war on cash is proliferating globally. It appears that the private members of the world’s banking cartels are increasingly joining the fun, even if it means

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Modern-Day Social Engineers and Inequality

Wednesday, April 29th, 2015 by posted in Uncategorized.
money printing teaser

Reprinted from Acting-Man Is Inequality a Bad Thing? We couldn’t believe what we were seeing when coming across the following headline at Reuters recently: “Fed’s Yellen says research needed to understand inequality issue”. Seriously? Maybe we can help the good

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The Essence of Keynesian Thinking

Tuesday, April 7th, 2015 by posted in Capitalism, Economics.
Keynes (1)_teaser

This article originally appeared as “Keynesian Thinking” in Newsweek, August 11, 1954. Reprinted from Arthur F. Burns, now chairman of the Council of Economic Advisers, is one of the country’s outstanding statisticians. Yet there is in his implied economic

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The Objectives of Currency Devaluation

Thursday, April 2nd, 2015 by posted in Banking, Capitalism, Economics.
currency teaser

This article is excerpted from Human Action (1949), chapter 31, “Currency and Credit Manipulation.” In the boom period that ended in 1929, labor unions had succeeded in almost all countries in enforcing wage rates higher than those which the market,

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An Austrian Take on Inflation

Tuesday, March 31st, 2015 by posted in Banking, Economics.
money-printing1 teaser

Reprinted from Cobden Center We know that today’s macroeconomists are very confused about inflation, if only because despite all experience they think they can print money and increase bank credit with a view to generating price inflation at a controlled

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Household Debt Soars in Canada, “Stability” at Risk

Tuesday, March 24th, 2015 by posted in Banking, Capitalism, Economics.

Reprinted from Zero Hedge Debt by Canadian households is a special phenomenon. Statistics Canada reported today that in the fourth quarter, household debt set another breath-taking record. Earlier this month, even Equifax Canada, which is in the business of facilitating

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Let There Be Money

Thursday, February 5th, 2015 by posted in Banking, Capitalism, Economics.
bitcoin pile teaser

Reprinted from The Freeman For more than a century, skeptics of government power have rightly focused on the damage caused by interventions in money. As the market’s classic commodity moneys have been displaced by unbacked State-issued paper, libertarians — particularly

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All Hail the Tumbling Price of Gas

Monday, January 26th, 2015 by posted in Capitalism, Economics, Environment.

Reprinted from the Freeman American consumers begin the new year with a beautiful gift: low gas prices. These days, you pay twice or three times as much for fancy bottled water from the convenience store as you pay for gasoline,

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China’s Unsustainable Growth

Friday, January 23rd, 2015 by posted in Banking, Capitalism, Economics.

In November 2014, China’s central bank declared it will lower the interest by 0.4%. The modification is not large enough to imply a change of policy direction, however; it is still an effort to sour on the financial market and

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Will the ECB Soon Fire Up the Printing Presses?

Friday, January 16th, 2015 by posted in Banking, Economics, Regulation.

There is growing anticipation that the European Central Bank will pull the QE (quantitative easing) trigger at its upcoming meeting on January 22nd. Never mind that such an action explicitly violates article 104 of the Maastricht treaty (article 123 of

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How Reducing GDP Increases Economic Growth

Monday, January 12th, 2015 by posted in Capitalism, Economics, Politics, Regulation.

Reprinted from Recently, the Financial Times published an article containing charts displaying the correlation between government spending and real GDP growth.1 Based on these correlations, the author of the article, Matthew Klein, comments: “It’s no secret that spending cuts

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The Myth of Fed Independence

Friday, January 9th, 2015 by posted in Banking, Capitalism, Economics.

Excerpted from The Case Against The Fed. Reprinted from By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA

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Currency Wars

Monday, January 5th, 2015 by posted in Banking, Capitalism, Economics.

The current Japanese monetary printing orgy and European Central Bank threats of massive QE are both aimed at primarily boosting exports to kick start their moribund economies. The yen has dropped nearly 12% against the dollar since the Japanese announcement


Oil’s Swoon Undoes the Fed

Friday, January 2nd, 2015 by posted in Banking, Capitalism, Economics.

Reprinted from Casey Research While we’re taught in school and reminded by many that central banks are in the inflation-fighting business, history proves the opposite. Economist Murray Rothbard compared central bankers who talked about suppressing inflation to arsonists who would

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Epic Fail: 100 Years of the Fed

Thursday, January 1st, 2015 by posted in Banking, Capitalism, Economics.
Federal Reserve teaser

Reprinted from The Freeman The most surprising monetary innovation of our time is bitcoin, a privately produced digital currency and payment system. It is a global system that provides a dramatic alternative to central banking and monetary nationalism as we

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Krugman: I’m Only Keynesian to Botch 1980s Inflation Call

Wednesday, December 31st, 2014 by posted in Economics.
Nobel Prize winning economist Krugman talks to the audience during a conference about the current global crisis, in Sao Paulo

Krugman famously admitted he doesn’t read conservative economics bloggers. Maybe he should, though, so he can stop making a fool of himself when he tries to rewrite history. Today’s example is Krugman’s recent post arguing that right-wing economists have created a myth

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The Role of the Leverage Effect in the Austrian Business Cycle heory

Friday, December 26th, 2014 by posted in Banking, Capitalism, Economics.

The process through which lax credit conditions cause malinvestments (the nub of the Austrian Business Cycle Theory) is commonly passed over without much ado. In sections 22.2.1 to 22.2.3 of my recent book, Finance Behind the Veil of Money, I

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Hold the Frankincense and Myrrh

Monday, December 22nd, 2014 by posted in Banking, Capitalism, Economics.

As we approach the end of the calendar year, it is useful to look back at recent events to give us a sense of what the year ahead may hold. Looking back at the past couple of months, two events

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