The Austrian Cure: The Restoration Of Economic Reality
The cure... is the restoration of sound money, free prices, secure property, open competition, capital accumulation, and the discipline of profit and loss.
Federal Reserve
Whistling Past The Graveyard
Recently Secretary Bessent announced, “Operation Economic Outcast.” This is yet another program of economic sanctioning against Iran over the last half century and now its trading partners that promises to sever the economic lifelines that sustain the Iranian regime.
Home Sales: “High” Interest Rates Are Not The Problem. High Prices Are.
On Wednesday, The US government sold $39 bilion worth of 10-year notes to investors, with the high yield for the auction at 5.3 percent.
10-Year Treasury Yield Hits Highest Level Since 2002
Persistent inflation concerns and heavy government borrowing have contributed to the bond sell-off.
U.S. Inflation Expectations Hit Highest Level Since May 2023
The reading was up 0.3 percentage point from August and marked the highest level since May 2023.
Debt Arising from Central Bank Credit Leads To Economic Crises
This decline, in turn, is likely to cause a decline in the prices of goods and services, called deflation, and, in turn, produces an economic slump. According to Fisher, the trigger for this could be a shock such as a large decline in the stock market.
Government Should Liquidate Itself
Social Security is a claim on a person’s income—any working person. Did this person agree to it? Today, it would strike most people as strange even to ask the question.
Rising Inflation And Debt Concerns Rattle Global Bond Markets
The latest pressure follows stronger-than-expected US economic growth and inflation readings that remain above the Federal Reserve’s target
Beware Of George Soros Types In Government Finance
Druckenmiller has since gone on to be an independent hedge fund manager with one of the best records on Wall Street spanning several decades.
The Fed Chairman Has Raised Interest Rates, But Will It Slow Inflation?
Against this background, the Fed Chairman hinted that, to counter the still-high rate of inflation, there may be a need to raise the Fed’s policy rate.
Federal Reserve Renovation Costs Ballooned By Nearly $1 Billion
Investigators found no reasonable grounds to believe federal criminal law had been violated
Long-Term US Treasury Yields Surge To More Than Two-Decade High
The $32 trillion Treasury market has declined 2.6% this year, compared with a 6.3% gain last year.
Trump Launches America.gov To Centralize Federal Services
Airbnb co-founder and U.S. Chief Design Officer Joe Gebbia developed the platform, which aims to help users navigate services such as Medicare enrollment and passport renewals without searching across multiple government websites.
Mainstream Economics: Money As Medium of Exchange, Unit Of Account, And Store Of Value
On the first day of a typical, introductory microeconomics class, if students are asked what they think economics is about, most of them will answer that it has to do with money, the stock market, and personal finances.
What The Dow/Gold Ratio Shows That The CPI Hides
Now measure the same economy with a different rod. On August 17 the Dow Jones Industrial Average closed at 53,459.78, near its all-time high. Gold was trading around $4,400 an ounce.
We Are At The Mercy Of The Fed, Whose Leaders Believe That Printing Money Solves Every Other Problem
The US government has been spending like a teenager with an unlimited credit card that they don’t have to pay off since going off the gold standard.