The “Climate Emergency”: Fueled by 21st Century Marxism
2023-11-08
Europe currently faces several challenges that potentially harm the quality of life for people in general but especially for young individuals, preventing them from developing their lives autonomously and independently. The housing crisis, reflected in overcrowded accommodation affecting 28 percent of young people aged 15 to 29, is just one example.
Freedom of expression in Europe also seems more threatened than ever. Highly controlled content is removed from social platforms by those who seem to consider themselves more legitimate thinkers than the rest of us.
Young people in Europe appear to lack the freedom to grow as individuals with full freedom of expression and to even acquire property. However, there is a global phenomenon that seems more concerning and strangely urgent in the
The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
2023-11-07
Financial statements of the US Federal Reserve, which consists of the board of governors in Washington and twelve district reserve banks across the country, indicate that the consolidated system has generated both capital and operating losses for the past couple of years. The Fed was created in 1913 to issue and circulate an “elastic currency” that could respond to consumers’ demand for cash, end bank runs known then as “money panics,” and serve as a “lender of last resort” to the nation’s commercial banks. How is it possible that the Fed could be losing money after one hundred years of operation?
The debate has raged in the banking and finance communities. Two investigators, Paul Kupiec at the American Enterprise Institute and Alex Pollock at the Mises Institute, have analyzed Fed