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Public schools are losing students to charter education, and government officials are doing whatever they can to bail them out. On March 6th, Colorado House Bill 1363 was proposed. The legislation included several anti-charter school reforms, including decreasing funding and allowing public schools with declining enrollment to prohibit new charter schools within the district. However, […]
The real estate market is responsible for anywhere from 20% to over 30% of China’s GDP (depending on who you ask). And with the latest meltdown that began with the implosion of Evergrande, the situation just keeps getting worse, inspiring a slew of government interventions beyond the scope of what would be possible in a […]
Food has gotten big. Literally. A walk through the produce aisle of a 21st-century grocery store would enthrall people of any historical period other than our own. The size of tomatoes and heads of lettuce is unprecedented in the history of humankind. In just a few short generations we have become accustomed to increasingly genetically […]
On one hand, the Band of Japan says that it wants long-term interest rates to be dictated by market forces. But on the other hand, the BoJ has been spending 6 trillion yen per month buying bonds to prop up its currency. In other words, it’s doing everything in the world to control short-term interest […]
Trading on the NYSE has just been halted due to a ”technical glitch” that sent Berkshire Hathaway to zero, and they’re claiming it’s because of issues with the limit up and limit down bands that are used to halt trading when a stock becomes too volatile. But as ZeroHedge is reporting, it may actually be […]
Fiat money is intrinsically worthless and yet people still value it. Where does this value come from? Our guest commentator cites Austrian thinkers Menger and Mises. He traces the purchasing power of paper money back its historical root: real money, i.e. physical gold.
Central bank monetary tactics have proven to be a toxic remedy, amplifying rather than curing economic ailments. Like a surgeon whose operation only worsens the patient’s condition, central banks administer policies that do more harm than good. Here are five ways central banks leave a legacy of financial turmoil.
As silver holds above $30 per oz, Joel and JD discuss disastrous Chicago manufacturing, Howard Marks, Trump’s conviction, and the current shortage in platinum.
The U.S. national debt is at 34.7 trillion dollars. If you laid that many dollar bills end-to-end, it would wrap around the Earth 134,599 times. That’s enough to travel to the sun and back 17 times. Suffice it to say, we’re in a pickle.
A fundamental yet almost imperceptible shift has occurred. Those with their ears to the ground might have felt the tectonic plates beneath them shift, yet most are merely milling in the overworld. The grinning, faceless hordes of propagandists and marketers have become so successful that they feel they have inverted human nature itself.
