Credit Out Of “Thin Air” Brings Wealth Destruction
Take a farmer, Joe, who produced 2kg of potatoes. For his own consumption, he requires 1kg, and the rest he agrees to lend for one year to a farmer named Bob.
Federal Reserve
The Destabilizing Stabilizers: Why Increasing Government Spending Prolongs A Recession
Once the economy falls into a liquidity trap, according to Keynesians, then the only thing that can rescue it and restore full employment is for government to ramp up its spending.
Profiting From Government Didn’t Begin With Trump
After his first term, Trump complained that he got “absolutely no credit” for turning over control of the Trump Organization to his sons and putting limits on what kind of business they could do—especially with foreign entities
One Bad Week
Despite promising to reduce government spending in all three of his presidential campaigns, President Trump, with the assistance of congressional Republicans and Democrats, has continued to grow the government debt.
What Investors Are Watching Before The Fed’s Key Inflation Report
The benchmark 10-year Treasury yield was little changed at 4.647%, while the 30-year yield stood at 5.181%. The 2-year yield was also steady at 4.199%.
Central Banking: The Scourge of Civilization
Unfortunately, Apple’s customers are very demanding and want the real things, so the build operations will have to stay.
The Statist Peril Of Techno-Asset Inflation
The positive supply shock emanating from the technological revolution bears down on goods and services prices.
Pennies Have Been Abandoned. Now What Will Be Done With Nickels?
Also, people seeing that the metal content of their pennies is worth more than the face value are deciding that it is better to store pennies in a jar than to spend them.
US Weekly Jobless Claims Dip In Latest Week
Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 206,000 for the week ended Aug. 15 from the prior week’s upwardly revised 212,000, the Labor Department said on Thursday
Bessent: Treasury Buyback Could Exceed Announced $4 Billion
Bessent said the department intends to “make a market” in longer-term securities, where yields have recently climbed sharply.
Why The Fed Should Not Accommodate Increases In The Demand For Money
In this way of thinking, the free market, by failing to provide enough gold, will cause money supply shortages. This, in turn, runs the risk of destabilizing the economy.
U.S. Treasury Moves To Steady Long-Term Bond Market
Treasury Secretary Scott Bessent will oversee the expanded program, which will focus on debt maturing in 10 to 20 years and 20 to 30 years.
U.S. Threats Against Iran Push Treasury Yields Higher
The 10-year Treasury yield rose 2 basis points to 4.661%, while the 2-year yield gained more than 1 basis point to 4.152%
Bessent Says Hormuz Deal Could Come This Week
Negotiations with Iran are ongoing and expressed optimism that both sides could move toward a more stable phase in the conflict