Monthly Archive: June 2025

To Make America Free Again

If we really want America to be “great” it must first be free.

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From Oversight to Monopoly: The Rise of the Accreditation Cartel

Accreditation in higher education began as a private effort to identify academic quality. Then the federal government took over the process and demanded that accreditation be based upon political standards.

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The Myth of Fed Independence

Jonathan Newman joins Ryan McMaken to talk about the history behind the myth of "Fed independence." The Fed has never been politically independent of the US government, and it has enthusiastically helped fund the US government both in wartime and in peacetime.

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Euro Trades Quietly Ahead of the ECB’s Rate Cut

Overview:  The dollar is mostly softer today in narrow trading ranges, though it is firmer against the yen and Swiss franc. The weakness of US data (ADP, ISM services, and anecdotal Beige Book) lifted the market confidence of at least two Fed cuts this year. Most emerging market currencies are also trading higher against the …

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An ETF Like No Others: The Pudgy Penguin Project

The cryptocurrency sphere and that of traditional finance continue to merge in ways that were previously unthinkable. To wit, Canary Capital filed documentation with the SEC to start the first ETF backed by non-fungible digital tokens. Non-fungible tokens are digital assets representing ownership of a specific piece of content. Most often, they are backed by …

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Comprehensive Financial Planning: What It Means for High Net Worth Families

For affluent families, financial success isn't solely about accumulating wealth; it's about preserving it across generations, optimizing tax strategies, and aligning financial decisions with personal values and long-term goals. Comprehensive financial planning offers a holistic approach, integrating various financial aspects to provide clarity, control, and confidence in one's financial journey. Understanding Comprehensive Financial Planning...

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Nominalism and Bad Economics

Nominalist ideas influenced the scientific revolution, shaping its departure from metaphysics, its mechanistic perspective, and the mathematization of all sciences. This paradigm has brought about some errors in economic thinking.

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The Federal Judiciary’s War on Trump Is Not About Protecting Us from Government Overreach

As President Trump racks up defeat after defeat before the federal courts, the legacy media claims that federal judges are protecting us from government overreach. In reality, government overreach as we know it has been made possible by the federal judiciary.

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The Optimal Supply of Money: A Simple Argument

How much money does an economy need in circulation to function? Austrians believe that a growing economy does not need a growing supply of money, which sets Austrian economics apart from other schools of economic thought.

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Squawk Box Clip: Another 5% Down in the Dollar Index This Year

I had a privilege of joining Becky Quick on CNBC's Squawk Box to talk about the dollar.  I  suggested there may be scope for the Dollar Index to fall another 5% over the remainder of the year.  I am not so focused on the dollar losing its reserve currency status but cyclical developments.  The Fed …

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Trump’s Trade Trilemma

While President Trump rails against US trade deficits, he forgets that they are due to the fact that the US dollar is the world‘s reserve currency. This, in turn, encourages deficit spending and a bloated national debt.

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Hump Day Consolidation in Forex

Overview: The dollar was better bid yesterday in North America after the better-than-expected JOLTS report, but it has come back offered today. Still, the general tone is one of consolidation. The greenback is a little softer against the most G10 currencies and all but a handful of emerging market currencies. Meanwhile, most of the final …

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DiLorenzo talks about the Fed on “Behind The Deep State”

Thomas DiLorenzo joins the New American's Alex Newman to discuss " Federal Reserve: The Ultimate Deep State Tool of Control & Destruction"

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Sellers Outnumber Buyers In The Housing Market

The following commentary is from Redfin "There are 34% more sellers in the market than buyers. At no other point in records dating back to 2013 have sellers outnumbered buyers this much. In other words, it’s a buyer’s market. Redfin expects home prices to drop 1% by the end of the year as a result. … Continue reading...

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Why a Gold Standard is Silently Coming Back to the States

Thomas DiLorenzo joins CapitalCosm to discuss the growing interest in gold at the state level

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Stablecoins To The Treasury’s Rescue

Digital Money was the title of TBAC’s April 30, 2025, presentation to the U.S. Treasury Department, and an important topic worth discussing. TBAC, short for the Treasury Borrowing Advisory Committee, is comprised of senior investment professionals from the largest banks, brokers, hedge funds, and insurance companies. Most often, the committee informs the Treasury staff on …

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Why Lending Money (at Interest) Is Not Usury in the Modern World

In contrast to an ancient agrarian economy, the developing economy presented many risks and costs for lenders, and the idea of what was fair and just in money lending had to change.

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The Federal Judiciary’s War on Trump Is Not About Protecting Us from Government Overreach

As President Trump racks up defeat after defeat before the federal courts, the legacy media claims that federal judges are protecting us from government overreach. In reality, government overreach as we know it has been made possible by the federal judiciary.

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Capital punishment: how Swiss bank reforms could hit UBS

Bank’s year-long tussle with government will come to a head with proposals to be unveiled on Friday. The Swiss government on Friday will lay out its long-awaited reforms to the country’s bank capital rules, and the centrepiece proposal will affect just one company: UBS. Switzerland’s Federal Council and financial regulators have been at loggerheads with …

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Lab-Grown Meat Protectionism

The fight against lab-grown meat has picked up considerable steam over the past year, with multiple states now prohibiting its manufacture, sale, and distribution.

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