Editor's Pick
The Modern State Cannot Exist without Fiat Money
Fiat money is the fuel of the modern Leviathan state. If we wish to have ...
Editor's Pick
Is the Japanese Low Inflation–Low Interest Rate Model at an End?
The macroeconomic situation in Japan seems to be coming to a head. When the Bank ...
Editor's Pick
Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor
Government interference into money creation and production harms the economy in a number of ways, ...
Editor's Pick
“Stakeholder Capitalism” Is an Incoherent Term
At the annual World Economic Forum meeting in Davos this year, Klaus Schwab gave a ...
Editor's Pick
Social Security Taxes Aren’t “Your” Money
After French protestors took the street to complain about the increase in the retirement age, ...
Editor's Pick
Why the End of the Petrodollar Spells Trouble for the US Regime
On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state ...
Editor's Pick
Why the Fed Is Bankrupt and Why That Means More Inflation
The Fed is insolvent, and that means that it will bail itself out by printing money. ...
Editor's Pick
The End of Monetary Hedonism
Does cheap money and credit make us richer? Does more money and credit create more ...
Editor's Pick
Empty Malls and Shopping Centers: How Government Fuels Malinvestments
If you live in the United States, you are most likely familiar with empty storefronts, ...