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Un-Merry Christmas: The Perverse Incentives To Over-Consume And Over-Spend

Authored by Charles Hugh Smith via OfTwoMinds blog, Isn't it obvious that if we set out to design the most perverse, toxic and doomed system possible, we'd end up with the Keynesian Cargo Cult's insane permanent growth/Landfill Economy? Few topics are off-limits nowadays: the personal and private are now splashed everywhere for all to see. […]

How Government Inaction Ended The Depression Of 1921

Authored by Lew Rockwell via Mises Canada, As the financial crisis of 2008 took shape, the policy recommendations were not slow in coming: why, economic stability and American prosperity demand fiscal and monetary stimulus to jump-start the sick economy back to life. And so we got fiscal stimulus, as well as a program of monetary […]

Doug Kass’ 15 Surprises For 2018: FANG Crackdown, Gold All-Time-Highs, Stocks Slump

Authored Doug Kass of Seabreeze Partners Management, "The missing step in the standard Keynesian theory [is] the explicit consideration of capitalist finance within a cyclical and speculative context . . . finance sets the pace for the economy. As recovery approaches full employment . . . soothsayers will proclaim that the business cycle has been […]

Michael Hudson: America’s Monetary Imperialism

Authored by Michael Hudson via Counterpunch.org, In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and “foreign aid” (defined simply as any government credit) depicts an almost utopian system uplifting all countries, not stripping their assets and imposing austerity. The reality since World War I […]

How FDR Politicized Thanksgiving

Authored by Tho Bishop via Mises Canada, Call me old-fashioned, but one thing I am always thankful for every Thanksgiving is the blessing of not having Franklin Delano Roosevelt in the White House. After all, of all the heroes of the American progressive movement, few have quite the record of sins as FDR. The man routinely […]

Manhattan Retail: The New Rust Belt

Via Global Macro Monitor, Bleecker Street, said Faith Hope Consolo, the chairwoman of the retail group for the real estate firm Douglas Elliman, “had a real European panache. People associated it with something special, something different.” Ms. Consolo, who has negotiated several deals on the street, added: “We had visitors from all over that said, […]

Another One Of The World’s Largest ICOs Is Collapsing

Last month, we reported that the world’s largest ICO was imploding after just three months as its developers admitted they wouldn’t be able to deliver the tokens purchased during a $230 million July “presale” by the end of the year, as they had promised, causing an understandable furor among its investors. Now, in the latest […]

The Downright Sinister Rearrangement Of Riches

Authored by EconomicPrism's MN Gordon, via Acting-Man.com, Simple Classifications Let’s begin with facts.  Cold hard unadorned facts. Water boils at 212 degrees Fahrenheit at standard atmospheric pressure.  Squaring the circle using a compass and straightedge is impossible.  The sun is a star. The sun is not just a star, it is a benevolent star. Look, […]

Sheep Logic – This Is The Age Of The High-Functioning Sociopath

Authored by Ben Hunt via Epsilon Theory blog, These are baby-doll Southdowns, and yes, they’re exactly as cute as they look in this picture. We only have four today on our “farm”, as sheep have a knack for killing themselves in what would almost be comical fashion if it weren’t so sad. We keep them […]

Gold As The Monetary System’s Sun

Authored by Jeff Thomas via InternationalMan.com, For millennia, people believed that the sun revolved around the earth, appearing, as it did, on the eastern horizon in the morning and setting on the western horizon in the evening. Greek astronomer Aristarchus of Samos is generally credited with the concept that the universe is heliocentric, with all […]

The Sermon On The Mount[ain Of Debt]

Via Global Macro Monitor, “Blessed are the young, for they shall inherit the national debt.” – President Herbert Hoover The Hoover administration thought there was no room and was ideologically opposed to fiscal expansion to stimulate aggregate demand.  Furthermore, Keynesian theory was not even developed at the time.  The General Theory of Employment, Interest and […]

The Dangers Of Performance-Chasing

Authored by Lance Roberts via RealInvestmentAdvice.com, In this past weekend’s newsletter, I addressed three of my concerns for the markets going forward. “Chart 2) One of the hallmarks of a late-stage bull market cycle is the acceleration in price as investors capitulate by “jumping in” as prices accelerate. While the long-term moving averages currently suggest the bull cycle is […]

Keynes: A Master Of Confused And Confusing Prose

Authored by Hunter Lewis via The Mises Institute, [This article is a selection from Where Keynes Went Wrong] Paul Samuelson, professor of economics at MIT after World War II and author of a best-selling economics textbook, was one of Keynes’s most ardent American disciples. Here is what he has to say about the latter's General Theory: […]

Britain’s Top Priest Slams Rich-Poor Divide In “Britain’s Broken Economy”

While the world has grown used to The Pope sticking his papal nose in the world's business ("horrrific" borders, "grave risks" of libertarians, and the virtues of socialism); Britain's most senior clergyman, the Archbishop of Canterbury, has now decided that it is not enough to preach His word, but better to use his position of […]

Hidden Forces of Economics, Gold & Silver Report 27 Aug 2017

We have noticed a proliferation of pundits, newsletter hawkers, and even mainstream market analysts focusing on one aspect of the bitcoin market. Big money, institutional money, public markets money, is soon to flood into bitcoin. Or so they say. We will not offer our guess as to whether this is true. Instead, we want to […]