bullionbullscanada.com / by Jeff Nielson / 19 November 2015
Banks are parasites. Big Banks are very large parasites. It is the fundamental equation of human commerce in the 21st century.
Bankers are the quintessential middle-men: contributing nothing to our economies, while blood-sucking us for assorted “fees”, and (most importantly) interest payments. Many readers will object […]
davidstockmanscontracorner.com / by Bloomberg Business / November 14, 2015
During the 2012 election, President Barack Obama held up his bailout of General Motors as a model in the fight against China’s growing manufacturing dominance, telling voters that the auto rescue would reverse the industry’s multi-decade trend of outsourcing.
A single election cycle later, the question […]
libertyblitzkrieg.com / Michael Krieger / Nov 6, 2015
It was always going to be a seamless transition from John Boehner to Paul Ryan. These men are cut from the exact same cloth, which is worshipping at the altar of crony capitalism. They talk a good game about about “free markets” and “entrepreneurship,” but at the […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Tuesday, October 27, 2015 3:31 AM
Economists Prove That Capitalism Is Unnecessary
Several readers sent me a link to Economists Prove That Capitalism Is Unnecessary.
The title was hardly surprising, given that is what many economic illiterates think. However, I was startled to find out it was written […]
mises.org / Andrew Syrios / OCTOBER 23, 2015
Back in 2013, Salon took a quick break from criticizing a caricature of libertarianism to let David Sirota write an embarrassing article praising socialism in what turns out to be a fantastic case study in both the dangers of socialist economics and of course, speaking to […]
mises.org / Julian Adorney / OCTOBER 21, 2015
What is necessary to take away a man’s freedom? For many progressives, nothing more then a bad workplace. Amazon takes ongoing heat for its work environment, with opponents like Business Insider calling it a “slave camp.”
But this comparison mistakes the fundamental nature of coercion.
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Tuesday, October 20, 2015 1:26 AM
Those looking for a big laugh can find one in Philip Kotler’s Huffington Post article entitled Fix Capitalism – Join Us!
Kotler says “The economic system is failing to deliver rising living standards for most Americans. Most of the gains from higher […]
sovereignman.com / Simon Black / October 16, 2015
When I was a kid, I used to proudly wear around a T-shirt explaining different economic systems using ‘two cows’ as a metaphor.
It started off like this:
Socialism: You have two cows. Give one to your neighbor.
Communism: You have two cows. The government […]
mises.org / Jeff Deist / OCTOBER 15, 2015
Depending on one’s point of view, Bernie Sanders either held his own or boosted his chances against perceived front-runner Hillary Clinton in Tuesday night’s Democratic presidential primary debate. His message clearly resonated with the live audience, particularly his statements about raising the minimum wage to $15 […]
Senator Bernie Sanders and Hillary Clinton at First Democratic Debate, October 13, 2015
wallstreetonparade.com / By Pam Martens and Russ Martens / October 14, 2015
In the minds of millions of viewers, Hillary Clinton came across in last night’s Democratic debate on CNN as polished, articulate and knowledgeable about the issues. But for those […]
acting-man.com / Pater Tenebrarum / October 9, 2015
Physicists Should Stick to Physics
We know already since Einstein that renowned physicists would do better to avoid straying into the field of economics. In 1949 Einstein published an essay on economics and education that is brimming with ignorance. According to Einstein, “The economic anarchy of capitalist […]
thecommonsenseshow.com / BY PATRICK WOOD / 04 Oct, 2015
The United Nations intends to replace Capitalism and Free Enterprise with its Green Economy, or Sustainable Development. However, its concepts of development and economy are deeply flawed and reminiscent of fringe ideas from the Great Depression era. (For a full discussion of Technocracy in the 1930s, […]
teapartyeconomist.com / by Gary North / October 3, 2015
The regulation by the state of the streets of London goes back to 1635. It began under King Charles I, who was a full-time tyrant, and whose life ended on the scaffold in 1649.
Charles decided that the streets were too crowded in London, and what […]
mises.org / Yonathan Amselem / OCTOBER 2, 2015
Last year, the world was stunned by an IMF report which found the Chinese economy larger and more productive than that of the United States, both in terms of raw GDP and purchasing power parity (PPP). The Chinese people created more goods and had more purchasing […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, SEPTEMBER 30, 2015
The great irony is what’s unsustainable melts into thin air no matter how many people want it to keep going. Disagreement is part of discourse, and pursuing differing views of the best way forward is the heart of democracy. Disagreement is abundant, democracy is […]
zerohedge.com / by Richard Ebeling via EpicTimes.com on 09/18/2015 20:05
For over a decade, now, the American economy has been on an economic rollercoaster, of an economic boom between 2003 and 2008, followed by a severe economic downturn, and with a historically slow and weak recovery starting in 2009 up to the present.
davidstockmanscontracorner.com / by Yahoo / September 17, 2015
David Stockman is not a fan of the Fed. In fact he claims that the Fed is on a “jihad” against retirees and savers.
The former Reagan budget director and author of “The Great Deformation: The Corruption of Capitalism in America” visited Yahoo Finance ahead of […]
bullionbullscanada.com / by Jeff Nielson / 14 September 2015
It was a day of surprises. First we had a report on the Pope, a pimp for the Status Quo (of our ruling plutocracy). The news was that Pope Francis was planning to speak out, in his visit to the U.S., against economic victimization/oppression as well […]
tomwoods.com / Tom Woods / 7th September 2015
For episode 481 of my show I talked to Dr. Josh Umbehr, whose practice in Wichita, Kansas, will knock your socks off, for reasons you’ll see below. The cost savings he and his patients enjoy because they stay away from insurance and government are absolutely staggering.
davidstockmanscontracorner.com / By Linette Lopez at Business Insider / September 1, 2015
Jim Chanos, the founder of the short-biased hedge fund Kynikos Associates, has been questioning China’s growth numbers since 2010.
Now — with a recent currency devaluation, flailing stock market indexes, debt at 280% of gross domestic product, and manufacturing data flashing 2009 numbers […]
davidstockmanscontracorner.com / by Tom Phillips at The Guardian / August 31, 2015
Beijing’s security forces are transforming China into a place of “fear and panic”, the families of 12 attorneys and activists who disappeared during a crackdown on human rights lawyers have claimed.
In an open letter to Guo Shengkun, the minister of public security, […]
teapartyeconomist.com / by Gary North / August 29, 2015
In the first week of January, 1950, Harvard economist Joseph Schumpeter was completing the final edits of a manuscript which he had delivered as a speech on December 30, 1949. The title was: “The March into Socialism.” He died before he finished the editing.
The article […]
schiffgold.com / BY MIKE FINGER / AUGUST 24, 2015
Jim Grant appeared on CNBC this morning with an explanation of the underlying reason why United States stocks just plummeted. His core message is that capitalism requires both success and failure. When central bankmonetary policy corrupts pricing as thoroughly as it currently has, it ruins the […]
globaleconomicanalysis.blogspot.com / by Mike “Mish” Shedlock / August 11, 2015
In a move sure to heighten trade tensions with protectionists in US Congress, Surprise China Devaluation Marks Escalation of Currency War.
According to conventional wisdom, wars are easy to start and difficult to end. Similarly Beijing’s devaluation, the biggest one-day currency move since […]
acting-man.com / Pater Tenebrarum / August 1, 2015
The Asset They Love to Hate …
Back in the 1960s, Alan Greenspan wrote a well-known essay that to this day is an essential read for anyone who wants to understand the present-day monetary and economic system (which is a kind of “fascism lite” type of statism, […]