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The European Central Bank Is Trapped Like the Fed

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The eurozone’s annual price inflation rate hit 5 percent in December 2021 and (as of this writing) the consensus is for 5.1 percent in January 2022. Eurozone industrial producer prices were up 26.2 percent in 2021. This has been...
Government Stockbroker Bloomberg

Should Government Be Your Stockbroker? Maybe So, Says Bloomberg

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The government and its supporting lackeys would like us to believe they are our knights in shining armor protecting us against the unexpected evils of the world. We supposedly can trust that they’ll show...
Age of Covid Law American Canadian

In the Age of Covid, We’re Reminded an Unjust Law Is No Law at...

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It has become something of a habit in both the American and Canadian media to insist that the Canadian trucker protest against vaccine mandates is an "illegal protest." They are "illegal border protests," one...
North Korea Covid-19 Corona Policy

Worshiping Authority Leads to Tyranny: Five Lessons from North Korea

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MSNBC’s Nicole Wallace wants the world to know she’s “a Fauci groupie.” She describes herself as a virtuous devotee: “I’m thrice-vaccinated, mask adherent. I buy KN95 masks by the, you know, caseload. They’re in every...

The New Antieconomics

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Economics is about human action and choice within the context of scarcity. The problem facing economists is how to understand and explain human betterment, which is another way of saying production. The critical question,...
NATO Ukrainian conflict military command

Is NATO a Dead Man Walking?

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While geopolitical commentators are fixated on Russia’s border with Ukraine, a more interesting development is slowly boiling underneath the surface of the Russo-Ukrainian conflict that could potentially reorder international relations—namely, the death of the...
Economy Russia Lessons

Socialist Economies Are Impossible: Lessons from Russia, 1917–22

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A little over one hundred years ago, the Austrian economist Ludwig von Mises started arguing that a socialist economy is impossible. In the turbulent years following the 1917 Bolshevik coup in Russia, Vladimir Lenin...
European Government Expansion Did Not Expand the Job Markets

European Government Expansion Did Not Expand the Job Markets

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For the past two years, governments in the European Union have engaged in contradictory actions by both suppressing economic growth through lockdowns and other covid-19 restrictions and simultaneously trying to “stimulate” their economies through...
Covid Panic Minsky Moment

The Covid Panic Brought Even More Economic Zombification

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More and more economists and finance specialists are warning of the potential arrival of a new “Minsky moment.” The last time this term was used with such conviction was in 2008 at the onset of the...
The War Party Wants a New Cold War, and the Money That Comes with It

The War Party Wants a New Cold War, and the Money That Comes with...

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In perhaps the most predictable column of the year, the Wall Street Journal this week featured a column by Walter Russell Mead declaring it's "Time to Increase Defense Spending." Using the Beijing Olympics and the potential Ukraine...