The Fed’s specialty is propaganda through data, with a long record of failure. This is by design. Their communication tools must work in overtime, particularly in the face of a decision like this, to avoid “spooking markets”, though this veneer is easy to see through.
Banking systems around the world have huge effects on our lives, yet few people understand how banks work. Worse yet, even fewer understand the malign powers of central banks and how this system undermines economies. Thus, it is important to demystify these systems.
After Trump narrowly escaped another assassination attempt, the establishment seems uninterested in the motives of the would-be shooter. Perhaps that’s because he’s echoing the same simplistic narratives about the Ukraine war and Trump that they demand we all believe.
If the government really believed you would be better off and more prosperous with their policies, they would encourage free speech because everyone would value their welfare improvements. They need to limit free speech because they know they will make you poorer.
With this latest policy turn, the evidence continues to mount that Milei is more a typical conservative or "rightist" than he is a free-market libertarian in any meaningful sense.
Both economists and laypeople carelessly refer to interest rates as the "price" of money. As Austrian economists have pointed out, however, interest is what people are willing to pay to control resources at the present time instead of waiting until later, time preference.
Not satisfied with the capture of most of our institutions, the ruling elites have gone full Orwell in redefining the term "human rights." It is their own version of Newspeak.
The standard belief is that slavery was about obtaining “cheap labor,“ yet nothing could be further from the truth. Slavery comes with high opportunity costs, which is why American slave owners depended upon several government regulations to subsidize their “peculiar institution.”
The Perfect Market Hypothesis claims that all movements in the market can be considered as random, as market players and prices adjust immediately to new information. However, market players do seek new information and seek to use it.
The US federal government is the nation's largest landlord and still owns 28 percent of the land in the US. The time has come for large-scale privatization.
