Category Archives: Politics
One Great Big Nasty Prediction for 2023
Welcome to 2023! The New Year’s edition of the Economic Prism is a place of wild conjecture and rough suppositions. A place where abstract thinking is celebrated. Imaginative cycle theories, deep metaphysics, fractal wave patterns, happy accidents, and amateur fortune tellers of all stripes are invited too. Continue reading
Central Planners of the World, Unite!
If you want to understand what’s up with raging consumer price inflation and Fed monetary policy, you must understand this. Right now, in the United States as in most of the world, we have a scam currency that’s controlled by central planners. Specifically, we have what Karl Marx envisioned in Plank No. 5 of his Communist Manifesto: “No. 5. Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.” Continue reading
The Politics of Control and Economic Oblivion
A recent White House fact sheet declares that President Biden has delivered on promises to cancel $10,000 of student debt for low- to middle-income borrowers. Who’s he really delivering for? Continue reading
Have We Entered the New Dark Ages?
There’s never a good time to spew printing press money into the economy. But the years 2020-21 were particularly bad. That’s because governments the world over locked down their economies for no good reason at all. Continue reading
