Category Archives: Economy
Jerome von Havenstein: Inflation Or Bust
Rudolf von Havenstein had been president of the Reichsbank – the German central bank – since 1908. He knew the workings of central bank debt issuances better than anyone. He was a central banker’s central banker. He was good at it. Continue reading
When Boom Turns Into Crack-Up Boom
U.S. dollar printing in its current form is a crude procedure. The Treasury issues debt. The Federal Reserve then expands its balance sheet, creating credit from nothing, and loans it to the Treasury. The U.S. government then spends the debt based money into the economy via federal contracts, programs, and, now, stimmy checks. Continue reading
How to Triumph in 2021 or Die Trying
Henry Worsley should have called it quits. His hero, early 20th century Antarctic explorer Ernest Shackleton, did. In 1909, Shackleton and three companions went closer to the South Pole than anyone had previously gone. But at 97 nautical miles away, and with death knocking at their door, they retreated. Continue reading
The Viral Assault On Small Businesses
COVID-19 has provided the perfect cover Schwab’s disciples to assault one of America’s remaining expressions of freedom and independence: small businesses. With lockdowns, politicians get to pick and choose what businesses survive and what businesses don’t. They get to decide who’s essential and who isn’t. Continue reading
