On the the next radio program: "Is Bitcoin your Financial Savior?" Alasdair Macleod, Michael Oliver return and Michael Timmins are guests.
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Jeff Deist: Animating Economics to Serve Real People and Real Businesses

Economics is an animating science. Economics is treated by many as an arid field of mathematical modeling. Human beings are treated as data in the model, almost the way physics regards atoms and molecules. This approach to economics doesn’t help ... [Read More]

What’s Going On With Mnuchin’s Slush Fund?

A Pfennig For Your Thoughts January 12th, 2021 * Dollar/ euro gets most of the action on Monday * When will traders wake up and smell the coffee?  Good Day… And a Tom Terrific Tuesday to you! Last nigh, watching the College football ... [Read More]

Let Unsound Money Wither Away

[This is a revised version of written testimony submitted to the the Subcommittee on Domestic Monetary Policy and Technology of the Committee on Financial Services, US House of Representatives, "Fractional Reserve Banking and Central Banking as ... [Read More]

Fiscal Stimulus vs. Economic Growth

For most experts a key factor that policymakers should be watching is the ratio between actual real output and potential real output. The potential output is the maximum output that the economy could attain if all resources are used efficiently. In ... [Read More]

Suppression of First Amendment Rights

It was another “Inflation on” week with my IDW reaching another new high. It rose from 173.87 last week to 175.65 as of today. No doubt inflationary pressures and increased equity prices have put some downward pressure on the T-Bond. With rising ... [Read More]

Time to convert Bitcoin profits into gold?

  It was a wild weekend for Bitcoin... After touching an all-time record high, the world’s most popular cryptocurrency is now selling off.  It’s down 12% as of ... [Read More]

Gold Cries Uncle!

A Pfennig For Your Thoughts   January 11th, 2021   * Currencies get sold on Friday... * U.S. Data last week was ugly...    Good Day… And a Marvelous Monday to you…. Well, are you suffering from Football playoff games ... [Read More]

2021: If It Wasn’t For Bad Luck, We Wouldn’t Have No Luck At All

If we have indeed begun a sustained "reversal of fortune", it might be prudent to consider the possibility we're only in the first inning of a sustained run of back luck. In our self-deluded hubris, we reckon we've moved beyond the influence of ... [Read More]

No, We Don’t Need a New New Deal

There are few sacred cows in American politics more revered than the New Deal. Yet the New Deal did nothing to end the Depression and it still negatively impacts our economy today. Now we're being told the United States needs a new New Deal. Original ... [Read More]

California Is Worse Than You Think

My colleague from the philosophy department was becoming increasingly angry. He was trying to be polite, but it was clear that he was raging inside. After a few minutes, he smiled a very strained smile and excused himself. Our conversation was about ... [Read More]

Corporatism: Influential Farmers in India Oppose Profreedom Agricultural Reforms

Farmers from the major wheat- and rice-growing provinces of India have filed into the capital region to voice their displeasure with recent farm reforms. This comes as India’s government undermines longstanding privileges for farmers in a major ... [Read More]

Will Commodities Ride the “Blue Wave” Higher in 2021

What a way to kick off the new year. If you happened to watch the storming of the Capitol unfold live on TV on Wednesday, you might have mistaken it for a movie adaptation of a Tom Clancy novel. Not since the Burning of Washington in 1814 have ... [Read More]

Why Mainstream Economic Forecasts Are So Often Wrong

Every end of the year, by the end of the year, we receive numerous estimates of global GDP growth and inflation for the following year. Historically, almost in all cases, expectations of inflation and growth are too optimistic in December for the ... [Read More]

Freedom vs. the Collective

In a famous lecture delivered in August 1819, the great classical liberal Benjamin Constant contrasts the ancient and modern conceptions of liberty. By the “ancient conception,” Constant means the liberty of the citizens of a state to rule ... [Read More]

The Wall Street Journal Disappoints Yet Again

By: Robert AroThe Wall Street Journal asked a valid question on Tuesday in an article titled: How Much Debt Is Too Much? It Depends on Your View of Inflation. Spoiler Alert: for those who love liberty and freedom, this doesn’t end well...The tone is ... [Read More]

The Capitol Riot Wasn’t a Coup. It Wasn’t Even Close.

On Wednesday, a mob apparently composed of Trump supporters forced its way past US Capitol security guards and briefly moved unrestrained through much of the capitol building. They displayed virtually no organization and no clear goals. The only ... [Read More]

The Dollar Bugs Fight Back!

A Pfennig For Your Thoughts January 7th, 2021 * Gold sees another engineered takedown * Currencies lose ground to the dollar on Wednesday...  Good day… And a Tub Thumpin’ Thursday to you! What a scene yesterday from the Capitol… I’m ... [Read More]

Hayek, Friedman, Buchanan: The Villains of “Neoliberalism”

In the Ruins of Neoliberalism: The Rise of Antidemocratic Politics in the Westby Wendy BrownColumbia University Press, 2019viii + 248 pages Wendy Brown, a well-known political theorist who teaches at UC Berkeley, does not like Friedrich Hayek very ... [Read More]

MAGA Mobs the US Capitol: What Comes Next?

Jeff Deist, Ryan McMaken, and Tho Bishop discuss Wednesday's takeover of the US capitol building. What are the potential long term effects, and just how much of a double standard does the American media have?  Be sure to follow Radio Rothbard at ... [Read More]

Climate Activism, Captured in One Instagram Post

The other day, during my daily dose of immersion in the cesspool of leftist propaganda that is Instagram, I came across a post that perfectly captures the essence of climate activism. The post comes from Bill Nye, the man who was once a well-liked ... [Read More]