Greenspan, Interest Rates & Inflation

What do low interest rates have to do with causing the government to inflate the money supply?The link between Fed-manipulated interest rates and the money supply is a direct, causal one. The interest rate in question is the ‘Fed Funds rate’. This is the...

Read their lips Hong Kong: “New taxes!”

For the sixth year in a row, Hong Kong has been named the world’s freest economy in the Heritage Foundation’s annual “Index of Economic Freedom.” One of the reasons for this is its low taxes, and what the Hong Kong government boasts on its web...

Andrew Bernstein on Heroism and Hero Worship

“The essence of heroism is an unbreached and unbreachable allegiance to the good in the face of any possible form of opposition”–Dr Andrew Bernstein Prodos for Capitalism Magazine: What do these people have in common? Galileo, Thomas Jefferson,...

13 Reasons for the NASDAQ Crash

After the NASDAQ Composite Index slid 33% from March 27th to its dramatic one-day decline on April 14th, most people weren’t sure what had happened – or why it happened. The financial press was in an uproar trying to make sense of everything, and even now,...

Police Scandal: Overreaction Equals Anarchy

“They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” Ben Franklin’s statement remains true today. But the absence of rule of law produces anarchy. In the most far-reaching corruption...

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