The number of U.S. commercial foreclosures spiked to 635 in January 2024 from a low of 141 in May 2020 reports real estate data firm ATTOM.
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Category Archive: 6b.) Mises.org
The Fed’s Milkshake Brings All the Foreigners to the Yard
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Who Will Take Care of the Roads? Why, The Coercive, Substandard, and Monopolistic Government Department, That’s Who
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In Defense of GK Chesterton’s Manalive
G.K. Chesterton is a somewhat controversial author in most libertarian circles. As an intelligent man who wisely predicted a century out so many of the problems we face today, he has garnered great respect among many who have read him.
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Current PCE Inflation: 4.1%
The Bureau of Economic Analysis released January figures for Personal Consumption Expenditures (PCE) today, including the price index based on that data.News headlines report the year-over-year percent change in the PCE price index: 2.4%.
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For Socialists, It Doesn’t Matter if Socialism “Works.” What Matters Is Power.
A recent rash of libertarian-leaning right-wing podcasters’ rehashing of a shopworn takedown of socialism has bothered me to the point of launching into this essay. It goes something like “Why is this still a thing? When are they going to realize that IT DOESN’T WORK, and drop it?”
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The Myth of Democratic Socialism
Originally published September 1977 in Libertarian Review.In any debate between a socialist and a free-market capitalist, all too often the socialist quickly puts the free-market advocate on the defensive, and the entire time is consumed by the free-market person fending off attacks on the ability of the market to prevent inequality, or business cycles, or even the ravages of affluence and "materialism."
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The Regime’s Despicable Attack on Julian Assange
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Want Less Immigration? Embrace Free Trade
The generous and bloated American welfare state has become an enormous magnet to both legal and illegal immigrants in the United States. This $290 billion annual magnet subsidizes migration and ensures that the total number of migrants into the US is larger than would be the case without the subsidy.
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The Student Debt Crisis Is a Racket
Ahead of a contentious election this fall, President Joe Biden is frantically working to transfer more tax dollars to college-educated voters. Last week, the White House announced another $1.2 billion in student loan forgiveness, bringing the president’s total in canceled debt to $138 billion.
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The Pentagon Wants More Socialism
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The Supreme Court to Decide if New York Regulators Can Arbitrarily Target the NRA
In mid-March, the Supreme Court is going to hear oral arguments in a case called National Rifle Association v. Vullo. This case has received relatively little media attention, but according to SCOTUSblog, it centers around whether the “First Amendment allows a government regulator to threaten regulated entities with adverse regulatory actions if they do business with a controversial speaker, as a consequence of (a) the government’s own hostility to...
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GDP Growth Is Inflated by Massive Deficit Spending
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The Heroic Julian Assange
Julian Assange may soon be extradited to the United States, where he will face prosecution that could end in his imprisonment for life. He is in fact a hero, who should be honored rather than punished. American foreign policy is based on the pursuit of global hegemony and to achieve this goal, our “leaders” engage in torture and murder. Assange brought these crimes to public attention through his publication of the “WikiLeaks” documents he got from...
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How State-Funding of Activist Groups Makes Britain Less Safe
Recently in the United Kingdom, an asylum claimant named Abdul Ezedi threw a corrosive substance over a woman, leaving her with life-changing injuries. Ezedi, who had arrived illegally in the back of a lorry in 2016, had been denied asylum twice. In 2018, he was given only a suspended sentence after being convicted of sexual assault. Finally, in 2020 he was granted asylum to protect him from prosecution after he claimed to have converted to...
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After Two Years, Neocons Desperate For More War in Ukraine
In a recent CNN interview, the normally very confident US Under Secretary of State Victoria Nuland sounded a little desperate. She was trying to make the case for Congress to pass another $61 billion dollars for the neocons’ proxy war project in Ukraine and she was throwing out the old slogans that the neocons use when they want funding for their latest war.Asked by CNN whether she believes that Congress will eventually pass the bill, Nuland...
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How the Fed Caused America’s Great Depression
[This review of Rothbard America's Great Depression was originally published by the Foundation for Economic Education.]It may not be conventional to review the fifth edition of a book that appears several years after its author’s passing. But America’s Great Depression is not a conventional book. It is written with verve and aplomb. And its rendition of the Austrian theory of the business cycle, critique of alternative theories, and detailed...
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Real Wages Turn Negative Again as Price Inflation Refuses To Go Away
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The War of 1812 and the Panic of 1819: The Unholy Alliance between Government and Banking
War has generally had grave and fateful consequences for the American monetary and financial system.—Murray N. Rothbard, A History of Money and Banking in the United StatesGovernments have three ways to tax: direct taxes (the requirement to pay money to the government), debt (present government spending without tax revenue to pay for it with the assumption that it will be paid for in the future), and inflation (“printing money,” or the artificial...
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The “New” South Africa Is Now a Newly-Failed State: Don’t Look for Things to Improve
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On Swiss National Bank
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SNB Sight Deposits: decreased by 5.6 billion francs compared to the previous week
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USD/CHF stays above 0.9100 nearing the highs since October
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Pound Sterling falls back as upbeat US Retail Sales strengthen US Dollar
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Canadian Dollar remains vulnerable after strong US Retail Sales
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2024-04-09 – Martin Schlegel: Interest rates and foreign exchange interventions: Achieving price stability in challenging times
Main SNB Background Info
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