On the the next radio program: "Reducing Investment Risk amidst Increasing Chaos" David McAlvany and Dr. Quinton Hennigh are guests.
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Borrowing From The Future is a Recipe For Disaster

Despite gold and silver getting taken down by the usual bullion bank suspects, this was an inflationary risk-on day. In this discussion I point to the rising 10-Yr. Treasury yields directly below and my Inflation/Deflation Watch further down the page. I will comment more on the rise in Treasury rates above, but first check out the charts. My IDW ... [Read More]

Waiting for the Next Herbert Hoover

John Rubino, Quinton Hennigh and Michael Oliver return as featured guests on this week’s program. Why would anyone want to be President when America is facing an economic depression the likes of which has not been seen since the 1930s? The root of ... [Read More]

Precipice of a Major Decline

The Rogers Raw Materials (commodities) registered a 2.47% gain last week. That caused me to take a look at my Inflation Deflation Watch which I had not been paying close attention to. And wouldn’t you know it! It has now hit a new high at 169.03! ... [Read More]

Why Inflation is on the Horizon

Lyn Alden and Marco Roque are guest this week on the program. Lyn Alden who is a rising star financial market analyst will join us again to explain the nuts and bolts of inflation and deflation and why, in the current environment, price ... [Read More]

Socialist Robert Heilbroner’s Confession in 1990: “Mises Was Right.”

I have discussed the origin of Mises's 1920 article "Economic Calculation in the Socialist Commonwealth" here. That article provided the theoretical framework to understand why socialist economic planning is inherently irrational. Today, a century ... [Read More]

Why Government Stimulus Sometimes Looks like It Revives the Economy

Once an economy falls into an economic slump and the level of unemployment begins to rise most commentators are of the view that it is the duty of the government and the central bank to step in to counter the rise in unemployment. Some commentators ... [Read More]

Peter Klein on the Advantaged Business Insights of the Austrian School

Six ways — selected from many — that businesspeople can derive more insightful knowledge and perspective from Austrian economics than from traditional Business School teaching. Download our "A-school vs. B-school" summary PDF at ... [Read More]

Powell & Mnuchin Testify Before Congress Today!

A Pfennig For Your Thoughts   December 1, 2020   * The dollar bugs fight back on Monday...  * Gold & Silver are back on the rally tracks today!    Good Day… And a Tom Terrific Tuesday to you! And Welcome to ... [Read More]

In October, Money Supply Growth Remained Near All-Time Highs

In October, money supply growth fell slightly from September's all-time high, although growth still remains at levels that would have been considered outlandish just eight months ago. October's easing in money-supply growth comes after eight months ... [Read More]

Let Slip the Dogs of Secession

Break It Up: Secession, Division, and the Secret History of America's Imperfect Unionby Richard KreitnerLittle, Brown, 2020viii + 486 pages The extreme polarization in American politics today has led many people to ask: Is the United States too ... [Read More]

Un-woke

[Michael Rectenwald was a professor of liberal studies and global liberal studies at NYU from 2008 to 2019. He holds a PhD in literary and cultural studies from Carnegie Mellon University, a master’s in English literature from Case Western Reserve ... [Read More]

Three Reasons Why Central Bank Digital Currencies Are a Bad Idea

The central bank digital currencies (CBDC) are being sold with the narrative of protecting consumers who are increasingly moving to cashless payments. These cashless payments, we are told, rob us of privacy advantages of cash and while exposing us to ... [Read More]

We Need Some of Mark Twain’s Humor Right Now

By: Gary GallesEven though huge issues are still in doubt, Americans have largely survived an election full of serious ill will, hypocrisy, and ominous implications. However, in the process, we have accumulated a deficit of self-reflection and ... [Read More]

2021 is Already Optimized for Failure

One sure way to identify a system "optimized for failure" is if all the insiders are absolutely confident the system is "optimized for my success". I often discuss optimization here because it offers an insightful window into how systems become ... [Read More]

Gold & The Great Reset

The composition of the US dollar, including what it is backed by, has been replaced many times throughout America’s history. And another replacement is currently underway, warns monetary expert Mike Maloney. After President Nixon fully severed its ... [Read More]

The dollar Continues To Weaken….

A Pfennig For Your Thoughts November 30, 2020 * Currencies have a good week, and start this week up! * Ed Steer called the takedown in Gold last week "another drive-by shooting!"  Good Day… And a Marvelous Monday to you! I hope ... [Read More]

Why Marx Never Figured Out How to Distribute Goods in a Socialist Society

Contra Marx, Mises understood that human desires and needs are not determined merely by biology. Karl Marx held that human interests are “uniquely and entirely determined by the biological nature of the human body.”1 He thought that people were ... [Read More]

The Right to Own a Gun Isn’t Just for Americans

The United States is unique for its tradition of gun ownership, which often shocks foreigners and leaves them in a state of disbelief at how ubiquitous firearm ownership is. Moreover, the idea of people carrying firearms almost seems unreal to many. ... [Read More]

Covid Is Just the Latest Excuse for Canada’s Politicians to Violate the Constitution

In terms of their widespread application and rapid implementation, covid-19 policies have been the most egregious violations of Canada’s constitution, ever. But my opinion doesn’t matter, because judges are the only people allowed to interpret the ... [Read More]

The Investment I’m Most Grateful For

I hope all of my American readers and subscribers had a safe, happy Thanksgiving Day. This year has been exceptionally challenging for a variety of reasons, but I believe there’s still a whole lot to be thankful for. I trust you were able to spend ... [Read More]

Inequality And The Gold Standard

Imagine that you earn $40,000 a year and your boss doubles you at $80,000 a year. Business was good to you both in 2013, and you received a 25% raise for your efforts. Not bad, and your boss gets to share in this good fortune too with an extra ... [Read More]

Taxation and Forced Labor

When the government taxes you, it is taking away your money without your consent, and this is theft. This argument is well known, but there is another, though related, problem with taxes on income that you earn. By taking away part of the money you ... [Read More]

Moral Decay Leads to Collapse

Our national claim of moral superiority is no longer plausible. A very strong case can be made that America is now a moral cesspool. Consider just three cases: Jeffrey Epstein, the CEO of Pfizer and JPMorgan Chase. Sadly, Epstein is the epitome of ... [Read More]