A new reserve asset is rising. It is not a cryptocurrency. It is not a new fiat experiment. It is something far older, heavier, and far harder to control.
MARKETS
America’s Triage: On Trump’s Economic Nationalism
“You should not be dependent for that which is fundamental to your sovereignty on any other nation.”
The Delusions and Dangers of the New Mercantilism
Trump has assumed the powers of a near absolute monarch to decide when, why, and against whom he will arbitrarily raise and lower and raise again tariffs on the importation of goods into the United States.
The Politics and Economics of Plato, Aristotle, and the Ancient Greeks
In Aristotle, we find a more subtle and sophisticated understanding of some economic themes than in Plato. While Aristotle’s answers were incomplete and often misdirected, as well as incorrect, he at least was among the first to ask the types of questions that centuries later became part of the heart of economic analysis and understanding.
In Defense of “Evil Billionaire” Jim Pattison
We should thank billionaire entrepreneurs like Jim Pattison and patronize their businesses – not attack them.
Can the Government Confiscate Your Gold?
The Real Risks of Owning Gold (and Why It’s Still Worth Owning)
Business Sucess Requires Principles Over Pragmatism
One of the reasons businesspeople dismiss moral principles is that they see them as burdensome duties to benefit others by sacrificing one’s own interests.
Understanding “Austrian” Economics, Part 2
All the rest of Austrian economics follows from these basic insights.
Understanding Austrian Economics, Part 1
what a good has cost to produce cannot directly determine its value, What it will cost to produce determines how much of it will continue to be made
Deposit Insurance Myths: The Glass-Steagall Act and The Federal Deposit Insurance Corporation
That deposit insurance wasn’t the only way to keep a banking system from collapsing was evident enough in 1933 from other countries’ experiences.
No Excuse for Fraud in Minnesota
Combine an incompatible culture with socialist leadership in our government, and fraud is the result.
Silver is re-pricing, and it ain’t over yet
As a longterm “stacker”(saver) I am not selling my silver metal or mining positions. In my estimation the upside-to-downside risk ratio is still very positive.
Capitalism Works For People, If The Government Would Let It
Peter Thiel has it wrong. We don’t have capitalism but a statist mixed economy where statism is, and has been, the cause of the economic struggles of the Millennials.
Josh Hawley and Bernie Sanders’s Credit Card Caps Hurt the Poor
Like most political quick fixes, it is an economic prescription guaranteed to harm the very individuals it claims to protect.
Insights on The Benevolent Nature of Capitalism
By the “benevolent nature of capitalism,” I mean the fact that it promotes human life and well-being and does so for everyone.
End Emergency Tariffs
Trade policy, with all its consequences, belongs within the limits Congress established, not at the discretion of one officeholder.
The Great Gold Reset: Why This Isn’t 1979 All Over Again
Throughout modern history, the story of gold has unfolded in cycles — crises, recoveries, and rediscoveries. But what’s happening now is not just another rally driven by inflation fears or a nostalgic nod to the 1970s. It’s the beginning of a structural reset — one...
Will Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Make America Great Again?
To be clear, Trump is not pursuing traditional socialism, where the means of production are owned by the state. Nor is he trying to copy exactly China’s state capitalism—but he is applying its methods with what the Journal calls “American characteristics.”
“A Gaslit Asset Class”
Even Bitcoin’s mysterious creator, Satoshi Nakamoto, knew of Bitcoin’s shortcomings.
Establishment of Gold as Money (Part 6 of 10)
The establishment of gold as money is essential to the achievement of a capitalist society.
The Freedom of Production and Trade Under Capitalism (Part 3 of 10)
An appropriate vehicle for the establishment of the freedom of production and trade, whether all at once or gradually, would be the establishment of one last regulatory-type agency: the Deregulation Agency.
Ludwig von Mises: Defender of Capitalism
Ludwig Von Mises is important because his teachings are necessary to the preservation of capitalism and thus of civilization.
The Real Meaning of Inflation
The philosopher Ayn Rand once explained that the purpose of a definition is to distinguish a concept from all other concepts by identifying its most fundamental characteristic. That’s what makes the concept unique.
How Labor Unions Can Be Anti-Labor
To anyone who understands the role of the productivity of labor in raising real wages, it should be obvious that the unions’ policy of combating the rise in the productivity of labor renders them in fact a leading enemy of the rise in real wages.
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