Can America avoid becoming a Marxist dictatorship? That’s the question I’m posing to my featured guest David Stockman on this coming week’s Turning Hard Times into Good Times. Vladimir Lenin said, “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” The Biden Administration, which is allied with the ... [Read More]
Breaking News for Thesis Gold
After the close of business on March 22, Thesis Gold announced important news that may well impact the company's share price. This interview with Dr. Ewan Webster, President & CEO of Thesis Gold, was recorded after the market close on March 22 in ... [Read More]
Why Bitcoin is Not Money
Keith Weiner returns and Kimberly Ann of Lahontan Gold Corp joins host Jay Taylor for the first time. J.P. Morgan stated that only gold is money. Everything else is credit. Now in the midst of a credit and banking crisis, there is a normal risk ... [Read More]
Woke Banks Go Bust
Wow! What a week! We have been waiting for something in the financial markets to break as the Fed continued to raise interest rates. It happened this week with two irresponsible woke banks—SVB Bank in California and Signature Bank in New York—biting ... [Read More]
QT or QE: What Is This?
By: Robert Aro Leave it to the Federal Reserve to throw a knuckleball when the batter is expecting a fastball. These last few weeks have been just that, with the Fed saying nothing of abandoning their Quantitative Tightening (QT) position while ... [Read More]
ESG En Route to Etatism
The Henry Hazlitt Memorial Lecture, sponsored by Harvey and Mei Allison. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023. The Austrian Economics Research Conference is ... [Read More]
Ginning Up a Fake China Threat
By: Joseph Solis-Mullen Critics of the increasingly bipartisan consensus of conflict with China face a difficult task. For the (fake) China threat is not a single concrete thing that can be pointed to or otherwise signified. Rather, as a ... [Read More]
The $50 Trillion Dollar Elephant In The Room
At the end of the day, it’s about the stocks, not the flows. Yet we operate in a thoroughly Keynesian world where the former are ignored almost entirely by Wall Street and Washington alike. Well, except when balance sheets explode and everyone is ... [Read More]
Is This the End of the Petrodollar?
Author: Frank Holmes Date Posted: March 24, 2023 While most investors were fixated on Jerome Powell & Co. this week, trying to gauge the Federal Reserve’s next moves in light of recent bank failures, something interesting occurred ... [Read More]
The Everything Bubble and Global Bankruptcy
The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system. Scrape away the complexity and every economic crisis and crash boils down to the precarious ... [Read More]
How Banking Could Work
With commercial banks exposed by the recent bailouts, Americans question whether “their money” is truly safe despite the promises of FDIC insurance. Jeff and Bob walk through the mechanics of how a full reserve bank could work in a truly free market ... [Read More]
Climate Activism: The Second Children’s Crusade
Modern secular society embraces a new religion complete with prophets, crusaders, commandments, contrition, and even a holy land: East Anglia, United Kingdom. These congregants will behave idiosyncratically in the economy. The activist green movement ... [Read More]
Karl Marx Was Not an Economist
Despite the massive intellectual feat that Marx’s Capital represents, the Marxian contribution to economics can be readily summarized as virtually zero. Professional economics as it exists today reflects no indication that Karl Marx ever ... [Read More]
Bank Busts Lead to Sweetheart Deals
By: Doug French Amidst the wreckage of bank failure grow lucrative deals. Shares of New York Community Bank Inc. surged with the announcement that the FDIC had made NYCB a “sweetheart deal” as the deposit insurer “priced the assets to move quickly,” ... [Read More]
More Supervision and Regulation to Prevent Bank Runs?
By: Robert Aro After raising rates by 25-bps on Wednesday, in addition to lending $300 billion to bankrupt institutions last week, Federal Reserve Chair Jerome Powell reassures the public that the banking system is “sound and resilient” to quell ... [Read More]
The Political Response to our Banking Crisis
This week on Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Peter St. Onge, a fellow at the Heritage Foundation and a regular contributor to the Mises Wire. This episode looks at the political response to the recent turmoil in the banking ... [Read More]
Statism Is Destroying Real Wages
When we read about the US economy, we often get wage growth as a signal of a strong labor market. It is hardly a strong market when the labor participation rate and the employment to population ratio are both below the February 2020 level and have ... [Read More]
Bull or Bear? The Ultimate Source of Market Instability
Everyone wants a trend they can trade for effortless gains. That may no longer be realistic. Market commentators tend to focus on Bulls and Bears and Federal Reserve policies as drivers of stock market gyrations, but there's a far more profound ... [Read More]
The Fed Backtracks on Future Rate Hikes as Bank Failures Loom Large
The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday raised the target policy interest rate (the federal funds rate) to 5.00 percent, an increase of 25 basis points. With this latest increase, the target has increased 4.75 percent ... [Read More]
Whither Goest the Entrepreneur
The Ludwig von Mises Memorial Lecture, sponsored by Yousif Almoayyed. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023. The Austrian Economics Research Conference is the ... [Read More]
The Other Covid Crisis: Prospects for Recovery from Pandemic Policies
The F.A. Hayek Memorial Lecture, sponsored by Greg and Joy Morin. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023. The Austrian Economics Research Conference is the ... [Read More]