Category Archives: Economy

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

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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

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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

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Loathe for the Stimulus Era

The days in the northern hemisphere inch shorter. The predawn darkness greets us as we step down our front stoop in the morning. Nightfall welcomes us when we return in the evening. Yet while the days inch shorter. The stock market zigs and zags. One day it’s fear. The next day it’s greed. Continue reading

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