We have written previously about investors having a “risk-off” year as various markets have to deal with inflation, the central bank’s response to inflation, overvaluation, overindebtedness, supply chain issues, and now, the Russian invasion of Ukraine. So far this year, it indeed has turned out to be a “risk-off” event as we predicted. It has […]
President Joe Biden says that inflation is being caused by Putin. Despite the fact that inflation has been heating up for some time, well before the attack on Ukraine, the President repeatedly blames others for his mistakes. This lame remark made to Democrat lawmakers was welcome, of course, because it distracts as well from the […]
Suppose you own a substantial number of shares – say, $500,000 worth – in Acme Corp., a manufacturer of home furnishings. And being a shareholder, you decide to attend the corporation’s annual meeting. You arrive early for a good seat, eager to hear what Acme’s president and CEO, Mr. Jones, has to say. Taking the […]
https://pricklypear.news/wp-content/uploads/bidenhands-1536x975-1.jpg9751536Donald J. Boudreauxhttps://pricklypear.news/wp-content/uploads/logo_2023.pngDonald J. Boudreaux2022-03-16 02:00:052022-03-15 15:33:08The CEO
Everything old is new again: Inflation plagues the US economy. The Consumer Price Index is up 7.9 percent from a year ago. The Personal Consumptions Expenditures index is up 6.1 percent from a year ago. We haven’t seen price pressures like these in 40 years. If we want to understand inflation, we need a framework […]
https://pricklypear.news/wp-content/uploads/iStock-171152502.jpg8361254Alexander William Salterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngAlexander William Salter2022-03-16 01:55:422022-03-16 09:59:31How to Think about Inflation
Exactly one hundred years ago, in March 1922, the Soviet “goods” ruble was in its final stages of collapse after years of debasement and economic mismanagement. Facing hyperinflation and the commensurate inability to calculate economically, the beleaguered People’s Commissariat of Finance deserted it in favor of a new parallel currency: the gold ruble. A century […]
https://pricklypear.news/wp-content/uploads/iStock-625734600.jpg8371254Peter C. Earlehttps://pricklypear.news/wp-content/uploads/logo_2023.pngPeter C. Earle2022-03-16 01:50:002022-03-16 10:00:05Are Gold Rubles Gold or Rubles?
President Joe Biden has insisted that rising gas prices are not a result of his administration’s policies. This week, he announced the United States would ban oil imports from Russia because of Russian President Vladimir Putin’s full-scale invasion of neighboring Ukraine. Biden also has suggested that U.S. oil companies are responsible in part for the higher prices […]
The Goldwater Institute won a major court victory today [March 11, 2022], defeating the largest tax hike in Arizona’s history. The decision by a Maricopa County judge bars the enforcement of Proposition 208, a measure that would have massively increased income taxes, led to staggering job loss, and turned Arizona from one of the lowest-taxed […]
We have written previously about investors having a “risk-off” year as various markets have to deal with inflation, the central bank’s response to inflation, overvaluation, overindebtedness, supply chain issues, and now, the Russian invasion of Ukraine. So far this year, it indeed has turned out to be a “risk-off” event as we predicted. It has […]
Biden didn’t have to take a blowtorch to the financial system in response to the Russian invasion of Ukraine. But he has done so. The comprehensive sanctions the United States and the West have imposed on Russia take us into an entirely new world. The sanctions are multidimensional but most important is the “freezing” of […]
https://pricklypear.news/wp-content/uploads/iStock-877278412.jpg8101296David C. Hendricksonhttps://pricklypear.news/wp-content/uploads/logo_2023.pngDavid C. Hendrickson2022-03-14 01:50:132022-03-14 16:30:17Weapons Of Financial Destruction And The New World Disorder
As night follows day, any significant outbreak of inflation in Western economies eventually involves an invocation of the hyperinflation experienced by Germany 100 years ago. Since mid-2021, people ranging from tech billionaires to bitcoin enthusiasts have been asking: are we headed for a Weimar hyperinflation moment? It is not that German hyperinflation was the most severe in history. The […]
China’s Big Bear Market – A Silent Scream
/in Economy, Featured, National Security, Politics/by Neland NobelWe have written previously about investors having a “risk-off” year as various markets have to deal with inflation, the central bank’s response to inflation, overvaluation, overindebtedness, supply chain issues, and now, the Russian invasion of Ukraine. So far this year, it indeed has turned out to be a “risk-off” event as we predicted. It has […]
President Biden Says Putin is Responsible for Inflation
/in Economy, Featured, National Security, Politics/by Neland NobelPresident Joe Biden says that inflation is being caused by Putin. Despite the fact that inflation has been heating up for some time, well before the attack on Ukraine, the President repeatedly blames others for his mistakes. This lame remark made to Democrat lawmakers was welcome, of course, because it distracts as well from the […]
The CEO
/in Culture War, Economy, Featured, Latest News, Liberty, Politics, Satire/by Donald J. BoudreauxSuppose you own a substantial number of shares – say, $500,000 worth – in Acme Corp., a manufacturer of home furnishings. And being a shareholder, you decide to attend the corporation’s annual meeting. You arrive early for a good seat, eager to hear what Acme’s president and CEO, Mr. Jones, has to say. Taking the […]
How to Think about Inflation
/in Economy, Featured, Politics/by Alexander William SalterEverything old is new again: Inflation plagues the US economy. The Consumer Price Index is up 7.9 percent from a year ago. The Personal Consumptions Expenditures index is up 6.1 percent from a year ago. We haven’t seen price pressures like these in 40 years. If we want to understand inflation, we need a framework […]
Are Gold Rubles Gold or Rubles?
/in Economy, Featured, National Security, Politics/by Peter C. EarleExactly one hundred years ago, in March 1922, the Soviet “goods” ruble was in its final stages of collapse after years of debasement and economic mismanagement. Facing hyperinflation and the commensurate inability to calculate economically, the beleaguered People’s Commissariat of Finance deserted it in favor of a new parallel currency: the gold ruble. A century […]
Fact-Checking 3 Biden Claims on Gas Prices
/in Culture War, Economy, Environment, Featured, National Security, Politics/by Fred LucasPresident Joe Biden has insisted that rising gas prices are not a result of his administration’s policies. This week, he announced the United States would ban oil imports from Russia because of Russian President Vladimir Putin’s full-scale invasion of neighboring Ukraine. Biden also has suggested that U.S. oil companies are responsible in part for the higher prices […]
Goldwater Defeats Massive Tax Hike in Arizona
/in Economy, Featured, Liberty, Politics/by Editorial StaffThe Goldwater Institute won a major court victory today [March 11, 2022], defeating the largest tax hike in Arizona’s history. The decision by a Maricopa County judge bars the enforcement of Proposition 208, a measure that would have massively increased income taxes, led to staggering job loss, and turned Arizona from one of the lowest-taxed […]
China’s Big Bear Market – A Silent Scream
/in Economy, Featured, National Security, Politics/by Neland NobelWe have written previously about investors having a “risk-off” year as various markets have to deal with inflation, the central bank’s response to inflation, overvaluation, overindebtedness, supply chain issues, and now, the Russian invasion of Ukraine. So far this year, it indeed has turned out to be a “risk-off” event as we predicted. It has […]
Weapons Of Financial Destruction And The New World Disorder
/in Economy, Featured, Liberty, National Security, Politics/by David C. HendricksonBiden didn’t have to take a blowtorch to the financial system in response to the Russian invasion of Ukraine. But he has done so. The comprehensive sanctions the United States and the West have imposed on Russia take us into an entirely new world. The sanctions are multidimensional but most important is the “freezing” of […]
A Sunday Read: Monetary Lessons from Weimar Germany
/in Economy, Liberty, National Security, Politics/by Samuel GreggAs night follows day, any significant outbreak of inflation in Western economies eventually involves an invocation of the hyperinflation experienced by Germany 100 years ago. Since mid-2021, people ranging from tech billionaires to bitcoin enthusiasts have been asking: are we headed for a Weimar hyperinflation moment? It is not that German hyperinflation was the most severe in history. The […]