On the the next radio program: "The Future of Money is Gold" Alasdair Macleod, Chris Taylor and Michael Oliver are guests.
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The Return of the Bond Vigilantes?

Bloody Awful! While copper and oil continued to rise and the Rogers Raw Materials posted a strong gain this week, the Biden Treasury and friends made sure price discovery for gold and silver, which compete as money with fraudulent fiat, was denied. The paper markets once again smashed those honest money metals and it wreaked havoc on our Model ... [Read More]

What Became of the Crow?

Robert Moriarty and Dr. Quinton Hennigh return as guests on this week’s program. An early settler in NW Australia, James Withnell aided by a nasty crow, first discovered gold in Australia's Pilbara in 1888. For reasons spelled out in Robert's book ... [Read More]

Rising Interest Rate Concern

Everything was down this week except commodities (Rogers Raw Materials Index) and by my Inflation/Deflation Watch). This is evidence of rising prices in the real economy rather than financial market inflation and it seems the Bond Market (TLT) is ... [Read More]

Could Rising Rates Pop the Equity Bubble?

Lyn Alden and Michael Oliver return as guests on this week’s program. Even though M. Oliver has been bearish on U.S. Treasuries, his analysis persistently convinced him it is not yet time to pull the plug on the U.S. T-Bond. However, his work has ... [Read More]

“Mugs & Metals” on the silver squeeze. Got gold?

Last week I joined February's "Mugs & Metals" panel that discussed the "silver squeeze" that is going on. In this discussion, lead by Elijah Johnson, I joined Frank Holmes, Andy Schectman, Lobo Tiggre, Patrick Vierra, Chris Marcus, Robert Kientz ... [Read More]

About That +6.8% GDP Forecast: Remember That GDP = Waste

Any economy stupid enough to rely on the insane distortions of GDP "growth" as its primary measure will richly deserve a Darwin Award when it inevitably collapses in a putrid heap of squandered resources and capital. We're told the gross domestic ... [Read More]

Murray Rothbard on War and “Isolationism”

[These edited extracts, from an interview in the February 1973 issue of Reason magazine, first ran in the June 1999 issue of the Rothbard-Rockwell Report.] Q: Why, in your view, is isolationism an essential tenet of libertarian foreign policy? A: The ... [Read More]

Stagflation Cometh

A gentleman who does work for us sent me a text recently saying the price of his supplies has increased 20 percent, so he wants to increase his monthly fee 10 percent. It was a nice way to ask, and I said sure, especially given that he’s willing to ... [Read More]

Why Rothbard Endures

This week we celebrate the life of Murray N. Rothbard, born on the second of March 1926, a Tuesday, in the Bronx. And what a Bronx it was, teeming with brilliant intellectuals, dedicated Communists, and rock-solid middle-class Americans like David ... [Read More]

Treasury Yields Rally May Trigger A Crazy Ivan Event (Again)!

March 1, 2021 Since shortly after the US November elections, my research team and I have been clear about our research and our belief that the bullish rally in the markets would continue to drive the strongest sectors higher and higher.  In ... [Read More]

Currencies & Metals Get Whacked!

A Pfennig For Your Thoughts   March 1, 2021   *Dollar buying is strong once again...  * The markets say no-mas on Treasuries!    Good Day, and a Marvelous Monday to you! And Welcome to March! Well, I attended my ... [Read More]

What “Normal” Are We Returning To? The Depression Nobody Dares Acknowledge

Perhaps we need an honest national dialog about declining expectations, rising inequality, social depression and the failure of the status quo. Even as the chirpy happy-talk of a return to normal floods the airwaves, what nobody dares acknowledge is ... [Read More]

The Great Reset, Part V: Woke Ideology

In previous articles, I’ve discussed the Great Reset and introduced several ways of understanding the economics of it. The Great Reset can be thought of as neofeudalism, as “corporate socialism,” as “capitalism with Chinese characteristics,” and in ... [Read More]

The Purpose of Political Demigods like Lincoln and the “Founding Fathers”

Crisis of the Two Constitutions: The Rise, Decline, and Recovery of American Greatnessby Charles R. KeslerEncounter Books, 2021xviii + 451 pp. Charles Kesler, a professor of government at Claremont McKenna College and editor of the Claremont Review ... [Read More]

They Can Always Print More Money But We Can’t Print More Time

Is that really what you want to spend your time doing, paying higher taxes? "No matter how much money I make, they will always print more. I can't print anymore time." The source of this quote is correspondent T.D., who shared the story of an ... [Read More]

Government Bond Yields Have Surged, but Real Yields Are at Zero

  Government bond yields have been rising steadily for the past three months, but they went parabolic in February. The yield on the 10-year Treasury touched 1.6% yesterday, up from 0.9% just a couple of months ago. That’s more than a two ... [Read More]

Dr. Philipp Bagus on the Political Economy of Mass Hysteria

Normally we discuss books on The Human Action Podcast, but this new academic paper by Professor Philipp Bagus is too important to ignore. "COVID-19 and the Political Economy of Mass Hysteria" is the one journal article you need to read this year. In ... [Read More]

La Fed marca el tono para 2021

By: Robert AroLa Reserva Federal marcó el tono de 2021 con la publicación de las primeras actas de la reunión del Comité Federal de Mercado Abierto (FOMC) del año, el pasado miércoles. Con la deuda nacional acercándose a los 28 billones de dólares y ... [Read More]

Minimum Wage, Maximum Discrimination

Since the days of Adam Smith, economists have sought a set of social institutions which permit “neither dominion, nor discrimination,” to use Nobel Prize–winning economist James Buchanan’s phrase. In this, economists are joined by all people of ... [Read More]

American Households Made Economic Gains before Covid, but This Progress Can Be Lost

Before 2020, there were growing signs of increasing economic prosperity for a wide variety of income groups in America. Whether or not this prosperity survives covid lockdowns and ever higher levels of government regulations remains to be seen. But ... [Read More]

Hormetics: A Principle of Health and Fitness, with Charlie Deist

Our guest is Charlie Deist, author of Hormetics: Physical Fitness for Free People. We have an engaging and somewhat philosophical conversation on principles of health. How do we identify good nutritional and exercise habits? Amongst the myriad of ... [Read More]

Trapped!

Kill authentic price discovery, you also kill markets, and in killing markets, you kill allocation of capital and risk management, and in killing those, you kill the economy. Back when prosperity was authentic, the Federal Reserve had little need ... [Read More]

Some Coloradoans Want to Break Off and Join Wyoming. They Should at Least Get to Vote On It.

A state's borders should change over time to reflect demographic and ideological realities. By denying this, political leaders are effectively saying that the rights of minority populations don't matter. Original Article: "Some Coloradoans Want to ... [Read More]

The Omnipotent Power to Assassinate

How did the federal government acquire this omnipotent power? Certainly not by constitutional amendment. It acquired it by converting the federal government after World War II from a limited-government republic to a national security state. Original ... [Read More]