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What’s Possible?

As we look at the multiplying signs of failure across our economy and the environment, society is slowing realizing that we need to start doing things differently if we want a future to be proud of. Those awakening to this are asking: What should we ... [Read More]

How Banks Go Bust

[The Case Against the Fed, Chapter 8, “Problems for the Fractional-Reserve Banker: Insolvency.” (Slightly edited for publication as a separate article.)]   The fractional-reserve banker, even if he violates his contract, cannot be treated as an ... [Read More]

Rationality in the Real World Isn’t What Economists Think It Is

Behavioral economists say that people behave irrationally because they miscalculate the probability. But maybe it is not a problem with people, but with the use of the probability theory in a non-ergodic environment full of uncertainty?1 Daniel ... [Read More]

Católicos y libertarios

By: David Gordon ¿Puede un católico romano ser también austrolibertario? Christopher Ferrara en un libro llamado The Church and the Libertarian dice que no se puede. En opinión de Ferrara, los economistas austriacos niegan que la ley moral se ... [Read More]

Daily Digest 12/2 – Amazon Warehouse Employees Face Serious Injuries, What Is Venice’s Future?

Economy The Way Out for a World Economy Hooked On Debt? More Debt (Adam) Now, as policy makers grapple with the slowest growth since that era, a suite of options on how to revive their economies share a common denominator: yet more debt. From Green ... [Read More]

Someone Is Betting On $4,000 Gold….

A Pfennig For Your Thoughts December 2, 2019 * Currencies succumb to the dollar's strength * We may, after all, find out who needs repo money.... Good Day… And a Marvelous Monday to you! And Welcome to December! I hope you all had a very ... [Read More]

Fight Another “Terror War” Against Drug Cartels? There’s a Better Way!

By: Ron Paul The 50-year US war on drugs has been a total failure, with hundreds of billions of dollars flushed down the drain and our civil liberties whittled away fighting a war that cannot be won. The 20 year “war on terror” has likewise been ... [Read More]

Exports: Currency Devaluation Won’t Grow the Economy

A visible weakness in economic activity in major world economies raises concern among various commentators that world economies have difficulties recovering despite very aggressive loose monetary policies. The yearly growth rate of US industrial ... [Read More]

Vulnerability of Our System

This very light trading week was kind of a mixed bag. Yes, stocks gained this week. As someone recently wondered, “How can stocks go down when an infinite amount of money is created in order to keep it from falling?” The existing system is so fragile ... [Read More]

Behind enemy lines – Military use of gold coins as emergency money

By Ronan Manly Gold is and always has been universal money that can be used anywhere and is accepted everywhere. This is especially true behind enemy lines. Recently, while researching for the article "The Power of gold in time of Crisis" ... [Read More]

Could America Survive a Truth Commission?

A nation that's no longer capable of naming names and reporting what actually happened richly deserves an economic and political collapse to match its moral collapse.You've probably heard of the Truth Commissions held in disastrously corrupt and ... [Read More]

The Boom Is Worse than the Bust

[This article is excerpted from chapter 20 of Human Action: The Scholar's Edition.] The popularity of inflation and credit expansion, the ultimate source of the repeated attempts to render people prosperous by credit expansion, and thus the cause of ... [Read More]

Central Bankers Have Declared War on Your Savings

When any one of the plethora of bubbles burst – pick your poison – and the next financial crisis impacts Wall Street and Main Street, how will the central banks and federal governments react? They have fired all their unconventional rounds of ... [Read More]

Need-to-Know Numbers You Might Have Missed This Week

Another year, another Thanksgiving. I hope all of my American friends and readers had the chance to spend some quality time with family as we begin the busy holiday shopping season. The leading retail trade group expects sales this month and in ... [Read More]

Daily Digest 11/30 – Banks Near The End Of Their Rope, U.S. Fertility Rate Hit Record Low in 2018

Economy John Rubino: Banks Near The End Of Their Rope (pinecarr) With civil unrest going global, one seasoned analyst suggests that banks, central banks, and governments may be near the end of their rope, and poised to pivot to a survival ... [Read More]

Some Fundamental Differences between Ludwig von Mises and Nassim Taleb

In my previous post we saw some of the areas where Taleb’s writing is strikingly Misesian: the hidden value and emergent properties of spontaneous orders, the insightfully realistic view of uncertainty and risk-taking, and the aggressive despising of ... [Read More]

Art Berman: Houston, We Have A Problem

Every week in our Off The Cuff Series, we interview expert minds on the premium side of PeakProsperity.com. These discussions are unscripted and informal, where my partner Chris Martenson and his guest react to recent macro developments and predict ... [Read More]

Word, Action, and Entrepreneurship

[This article originally appeared in Studies in Logic, Grammar and Rhetoric 57, no. 1 (2019): 161–174. Reprinted here with permission.] Abstract. The Mengerian-Misesian tradition in economics is also known as the causal-realist approach — in other ... [Read More]

Social Justice Is Nothing like Real Justice

Social justice is a political and social ideology that advocates for the equal redistribution of wealth, equal access to economic opportunities, and the reduction of unfair privileges within a society. The central argument used by social justice ... [Read More]

Daily Digest 11/29 – Good News Friday: The Wisdom Your Body Knows, How To Enjoy a Plastic-Free Holiday Season

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]