On the the next radio program: "Note to Fed: The Laws of Math Still Apply" John Rubino, Patrick Highsmith and Chen Lin are guests.
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Will 2022 be “The Great Crossover” Year?

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Beating the S&P 500 with Kevin Duffy

Kevin Duffy, Patrick Highsmith and Michel Oliver return as this week’s guests. Over the last 16 months, Kevin Duffy’s conservative “Coffee Can Portfolio” has gained 54.14% compared to a gain of 43.80% for the S&P 500. He did that despite ... [Read More]

Inflation and More Coming

This week was all about inflation with the CPI hitting 7.0%, a 39-year high, and the PPI hitting 9.7%, which is strongly suggesting there is a lot more inflation ahead of us. The PPI would have been even higher were it not for a temporary 6% decline ... [Read More]

The Ruling Elite Back in Charge

It was another “Inflation on” week with my IDW reaching another new high. It rose from 173.87 last week to 175.65 as of today. No doubt inflationary pressures and increased equity prices have put some downward pressure on the T-Bond. With rising ... [Read More]

Austria’s Blueprint for Covid Despotism

By: Georg Grassmueck Anyone interested in what the future of the Covid pandemic looks like, should look no further than Austria. The country that was the foundational home of Ludwig von Mises, is now the home of the next chapter in the Covid ... [Read More]

Murphy vs Weisenthal on Currency Debasement

Bob critiques a Guardian article from an economist favoring price controls, and explains his argument with Joe Weisenthal about the social benefit of saving actual cash. Mentioned in the Episode and Other Links of Interest: Dr. Keith Smith (of the ... [Read More]

The Fascist Threat

"There isn't anyone around who is willing to stand up and say, 'I'm a fascist; I think fascism is a great social and economic system.'" Everyone knows that the term fascist is a pejorative, often used to describe any political position a speaker ... [Read More]

The Unseen Consequences of the Interstate Highway System

I was recently on a road trip to Missouri where I saw a sign that indicated that I was on the famed Route 66, a U.S. highway that ran from Chicago to Los Angeles from the 1920s through the 1960s. Although I grew up in South Texas, as a kid I was very ... [Read More]

America’s Most Dangerous Unknown Man

By: Ron Paul The US Senate will soon vote on Federal Reserve Chairman Jerome Powell’s nomination to a second term. One of the senators opposing Powell is Elizabeth Warren. I don’t often agree with Senator Warren, but I do agree with her assessment ... [Read More]

Inflation Pressures All Over The World!

A Pfennig For Your Thoughts   January 25, 2022   * dollar rallies yesterday, and overnight! * Singapore takes steps to combat inflation...    Good Day… And a Tom Terrific Tuesday to you! The cool weather that came down upon ... [Read More]

The Decline of the Old Right

After the death of Taft and as the Eisenhower foreign policy began to take on the frozen Dullesian lineaments of permanent mass armament and the threat of "massive nuclear retaliation" throughout the globe, I began to notice isolationist sentiment ... [Read More]

Why Bear Markets Are Tough

The number of traders who beat the indices soundly over both Bull and Bear markets are very few in number. The Bear's broken clock is finally right. Those clock hands stuck at midnight--well, it's finally midnight. Bear markets are tough, not just ... [Read More]

Biden’s Ukrainian Albatross

By: Daniel McAdams Then-Secretary of State Colin Powell is given credit for popularizing the “Pottery Barn” rule of foreign policy. Though he denies using that exact phrase, in arguing against what became the disastrous 2003 US attack on Iraq ... [Read More]

2022 Gold Price Predictions, Trends and 5-Year Forecast

    By Jeff Clark, Senior Analyst, GoldSilver.com   Most price forecasts aren’t worth more than an umbrella in a hurricane. ... [Read More]

The Fed/ Cabal/ Cartel Stops All Bond Buying….

A Pfennig For Your Thoughts   January 24, 2022   * currencies rally on Friday, but get sold overnight...  * What's up with Bitcoin?    Good Day… And a Marvelous Monday to you! Boy, did the ocean get mad suddenly ... [Read More]

Gold Gains as Markets Decline

With the S&P down 5.68% while gold and T-Bonds were up, this week was decidedly a “risk-off” week. Note the 5.79% gain in silver along with a 1.63% gain in the Rogers Raw Materials Index, all indicating underlying cost-push inflation is alive and ... [Read More]

Do We Really Need Big Corporations?

By: Hunter Hastings Big tech. Big pharma. Big food. Big banks. Big oil. We’ve got questions about all of them. Big tech is surveilling us and stealing our privacy. Big pharma is exploiting us and poisoning us. Big food is compromising our health ... [Read More]

It’s Time to Break Up New York State

Neil Sedaka said it best – “breaking up is hard to do”. Ask any 16-year-old and they’ll tell you that’s certainly true, but Rep. Marjorie Taylor Greene (R-GA) recently made headlines when she suggested not just a breakup, but a “National Divorce” on ... [Read More]

Twenty Facets of Freedom from Leonard Read

By: Gary Galles In 2016, I published a book titled Lines of Liberty, which featured great quotations about liberty from those who had been active and important in promoting it. To this day, one of my favorite quotes in that book is from John Stuart ... [Read More]

Is the “Resource” Curse Keeping Many Developing Nations Poor?

By: Lipton Matthews The impact of resources on national development has puzzled economists and political scientists for decades. Economic literature has noted that resource-rich countries conventionally fail to transform natural advantages into ... [Read More]

Milton Friedman Unraveled

Volume 16, Number 4 (2002) Mention “free-market economics” to a member of the lay public and chances are that if he has heard the term at all, he identifies it completely with the name Milton Friedman. For several years, Professor Friedman has won ... [Read More]

What are the Politics of Inflation?

With the prices of everything rising at historic rates, no issue is shaping politics more right now than inflation. Unfortunately for Americans, Republicans in Washington appear no more serious on the Federal Reserve than the Biden ... [Read More]

The Problem with Public Goods and So-Called Economic Power

In this week’s column, I’d like to discuss two arguments Murray Rothbard gives that respond to influential criticisms of the free market. His answers to the two arguments follow a common strategy. In each case, he rejects the key premise of the ... [Read More]