On the the next radio program: "The Dollar is a U.S. Problem" Dan Oliver, Dr. Quinton Hennigh and Michael Oliver are guests.
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How Central-Bank Interest-Rate Policy Is Destabilizing Banks

Broadly speaking, banks operate under the concept of maturity transformation. Banks take short-term – less than one year – financing vehicles, such as customer deposits, and use that to finance long-term – more than one year – returns. These returns ... [Read More]

Creating A World Worth Inheriting

Executive Summary Changing your fate requires action today Here's the action/opportunity I'm most focused on today in my own life How to step into an "elder" role, if you have the courage How to create a world worth inheriting If you have ... [Read More]

The Path From Survival to Significance

I was blown away by many of the presenters at our recent Peak Prosperity seminar. But Joe Stumpf left the biggest impression on me. Joe is a good friend and mentor of my business partner Adam Taggart. Eager to introduce the Peak Prosperity tribe to ... [Read More]

Pay-to-Play: LBMA shows contempt for the wider Gold and Silver markets

As the LBMA hides gold and silver trading data behind a paywall, this further torpedoes market transparency and undermines Fair and Efficient Markets. Exactly six months ago, the London Bullion Market Association (LBMA) began weekly publication of ... [Read More]

The Meaning of Competition

Competition is a process of the formation of opinion: by spreading information, it creates that unity and coherence of the economic system which we presuppose when we think of it as one market. Excerpted from Individualism and Economic Order (1948), ... [Read More]

Regulatory-Industrial Complex

Socialists want socialism for everyone else, but capitalism for themselves, while capitalists want capitalism for everyone else, but socialism for themselves. Neither Ted Kennedy nor Jane Fonda practices a vow of poverty, nor are they taking any ... [Read More]

Daily Digest 5/17 – Good News Friday: The Sound Of Monarchs Migrating, Walking Is The Key Productivity

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to dd@peakprosperity.com with subject header "Good News Friday." We will save and post weekly. ... [Read More]

“Free” College Won’t Improve Education

By: Paul Boyce You're a twenty-something student and have recently graduated. You're excited to go and take on the world. However, you owe over $50,000. All you wanted to do is gain an education. This massive debt now looms over you. How can the ... [Read More]

The Broken Window

The broken-window fallacy, under a hundred disguises, is the most persistent in the history of economics. Excerpted from Economics in One Lesson, pp. 3-7.Powered by WPeMatico ... [Read More]

The Normalization and Institutionalization of Fraud

Normalizing and institutionalizing fraud undermines the foundations of the economy and the financial system.I am indebted to Manoj Samanta (twitter: @flation_debate) for the insightful concept the commoditization of fraud. The first step in ... [Read More]

Do We Really Have a Decade Left to Solve Climate Change?

Wise alecks on social media noted with amusement how Beto O’Rourke recently claimed humans had only ten years to act on climate change, thus one-upping Alexandria Ocasio-Cortez who had previously gone out on a limb by putting the deadline ... [Read More]

The Gateway Drug Myth

Since Joe Biden’s recent announcement that he’s throwing his hat in the 2020 presidential ring, his abysmal stance on the War on Drugs has been the source of a great deal of criticism, even from those inclined to support him. Four years ago, he ... [Read More]

The Individual in Society

Those who are asking for more government interference are asking ultimately for more compulsion and less freedom. Excerpted from Economic Freedom and Interventionism.Powered by WPeMatico ... [Read More]

Schumpeter vs. Kirzner on Entrepreneurs

[This is a selection from "Driving the Market Process: 'Alertness' Versus Innovation and 'Creative Destruction'" in the Quarterly Journal of Austrian Economics. The full article is here.] Joseph Schumpeter’s theory of entrepreneurship significantly ... [Read More]

The Elite Under Capitalism

In a free society there is no other means to avoid the evils resulting from one's fellows' bad judgment than to induce them to alter their ways of life voluntarily. Where there is freedom, this is the task incumbent upon the elite. Originally ... [Read More]

Straight Up – It’s Time to Respond

After listening to our tribe who have strongly expressed their appreciation for our audio podcasts.  We get it;  listening fits into many people’s active lives more easily than reading. Because of this we're a new way to engage with our published ... [Read More]

Straight Up – The Company Store

Announcing STRAIGHT UP – Our New Podcast Series After listening to our tribe who have strongly expressed their appreciation for our audio podcasts.  We get it;  listening fits into many people’s active lives more easily than reading. Because of this ... [Read More]

Thomas DiLorenzo Discusses Socialism and CEO Salaries on Fox Business

By: Thomas J. DiLorenzo Thomas DiLorenzo on CEO Salaries (Fox Business Network, 5.15.19) Video of Thomas DiLorenzo on CEO Salaries (Fox Business Network, 5.15.19) Powered by WPeMatico ... [Read More]

In the Footsteps of Donabedian: The US News and World Report Hospital Ranking System

Quality ratings of hospitals and physicians: help or hindrance? Surely, the general public demands and is entitled to an assessment of hospital quality based on sound methodology. And ratings coming from the private sector are far more likely to be ... [Read More]

Can the Fed Keep This Long Cycle Going?

Our current super-long economic cycle is a monetary curse. Under sound money it would not exist, and under the pre-1914 gold standard, it never occurred. The present business cycle expansion in the US — the longest ever — comes in the wake of three ... [Read More]