Economic events have the most interesting way of exposing economic theories and orthodoxies and how seriously flawed they truly are these days. The fixed-exchange rate system and the Gold Standard imposed by Bretton Woods collapsed simply because they never fixed the supply of dollars, yet gold and other currencies were fixed to dollars. Only an […]
QUESTION: Many people argue it is capitalism which is collapsing not socialism. How would your respond? ANSWER: Those people who say this is a failure of capitalism and not socialism simply are trying to come up with an excuse as to why their dreams are not coming true. Democrats champion the poor and middle class […]
Healthcare costs have continued to outpace inflation and just about everything else within the economy. Generally speaking, prices rise when demand increases relative to supply. The scheme of Obamacare was to force the youth to buy healthcare they did not need to pay for everyone else. The fines have been less than the costs so many […]
I have warned that 2015.75 was the peak in government and the two many industries that government subsidizes has created the decay within our American society reducing disposable income – healthcare and education. Degrees I have warned are really worthless. About 60% of graduates cannot find employment in the degree they have paid for. […]
Trump has surrounded himself with a few people who believe that a new Bretton Woods conference will be necessary and they wrongly believe that a return to a gold standard will be beneficial. What they fail to comprehend is that we have had many gold standards in the past and they all failed. Why? […]
Columbia University Economist Joseph Stiglitz says that the United States should phase out currency and move towards a digital economy. All of these people advocating such policies are ignorant of the real world and advocate total government control. Stiglitz told the World Economic Forum that there are “benefits that outweigh the cost.” He hailed India for […]
About 75% of everything Obama did was by Executive Order bypassing Congress. That means that the next president can easily undo 75% of what Obama did by Executive Order. On Monday, Trump signed an executive order formally withdrawing the United States from the 12-nation Trans-Pacific Partnership trade deal keeping his promise from his campaign last year. Trump […]
COMMENT: I read your piece on “The “Trump Revolution” is not about Trump Himself” and I understood this is a global trend. I think one has to be biased and blind not to see the trend is emerging globally. I showed it to a friend and he said you were wrong its all about Trump. […]
Prices in the US are picking up strongly and support the Fed’s arguments for raising interest rates further. The rate of inflation rose by 2.1% in December, according to the Ministry of Labor. This is the highest increase since two and a half years. Some are suggesting this is due to higher gasoline prices and rents in […]
COMMENT: Martin, A story I received: A guy looked at my Porsche the other day and said I wonder how many people could have been fed for the money that sports car cost. I replied I am not sure, it fed a lot of families in Bowling Green, Kentucky who built it, it fed the […]
