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Updated: 10 hours 50 min ago

Draghi Plays His Part in Europes Long War

21 hours 13 min ago
Every mainstream endorsement can be followed by an alternative point of view, carefully crafted. We call this the dialectic, and sometimes the points of view surprise us with their accuracy. Economics writer Liam Halligan provides us, above, with a counterpoint to Mario Draghi's upcoming QE program. Of course, we should point out that the Germans have not yet weighed in with finality regarding this program. It is apparently taking place in defiance of the German constitutional court. Also, at ...

India a Trusted Nation

21 hours 15 min ago
Is this for real? India is one of the most corrupt countries in the world, as well as one of the most populous. If India is the second most trusted nation in the world, then God help the others. Here's what Wikipedia has to say about India: A study conducted by Transparency International in year 2005 found that more than 62% of Indians had firsthand experience of paying bribes or influence peddling to get jobs done in public offices successfully. In its study conducted in year 2008, Transparency ...

Education is Too Important Not to Leave to the Marketplace

21 hours 17 min ago
This week, events around the country will highlight the importance of parental control of education as part of National School Choice Week. This year's events should attract more attention than prior years because of the growing rebellion against centralized education sparked by the federal Common Core curriculum. The movement against Common Core has the potential to change American education. However, anti-Common Core activists must not be misled by politicians promoting "reforms" of the ...

Freedom Where Are You

21 hours 18 min ago
Not in America or Europe - When the former Goldman Sachs executive who runs the European Central Bank (ECB) announced that he was going to print 720 billion euros annually with which to purchase bad debts from the politically connected big banks, the euro sank and the stock market and Swiss france shot up. As in the US, quantitative easing (QE) serves to enrich the already rich. It has no other purpose. The well-heeled financial institutions that bought up the troubled sovereign debt of Greece, ...

Peter Boettke The Transformative Rise of Austrian Economics

Sun, 01/25/2015 - 02:06
Economic policy determines the wealth and poverty of nations ... The fundamental cause of a nation's economic fate is not to be found in geography, or resource abundance, but in the ideas and institutions that define that system. Private property, freedom of trade (domestic and foreign), fiscal responsibility and sound money provide the right environment for individuals to truck, barter and exchange, and to engage in productive specialization and peaceful cooperation. On the other hand, ...

The Great Davos Echo Chamber

Sat, 01/24/2015 - 02:06
We've been covering the Economic Forum in Davos from the standpoint of its "mood" ... which is said to be distinctly downbeat this time around. But I want to comment on notable speeches being presented by various august personages. First up is Bill Gates who according to Business Insider, "delivered another upbeat message on the world with his annual newsletter," at the "hustle of the Conference." The report, written by Gates and his wife Melinda, who are co-chairs of the Bill & Melinda Gates ...

Uneasy Dawn in Davos as Elite Sacrifices Its Own

Fri, 01/23/2015 - 02:06
The "big brains" gathered in Davos are mostly successful in material terms and powerful from the standpoint of our modern economic system. But in the early 21st century, these attributes may prove ephemeral. And that's probably the reason for the gloom that is being reported in the mainstream media. Also, since it's being widely reported, it could be that mainstream media types are anticipating something worse and the Davos reports are a kind of pump-priming. You've been warned. Here's more ...

The Mess in Ukraine Bears Watching

Fri, 01/23/2015 - 02:04
The drumbeat advocating additional sanctions against Putin and Russia is evident in this Bloomberg "editors" editorial. It is this attitude that will support a continuance of the Ukraine standoff. From what we can tell, the episode was initiated by the West to put pressure on Russia and Putin. Putin certainly has responded and the situation has escalated. Most recently, Putin decided to reroute oil and natural gas to Turkey from Ukraine. As Europe does not have pipelines from Turkey, Putin ...

Safe Haven 101 For Investors Concerned About the Future

Fri, 01/23/2015 - 02:02
Dictionaries broadly define a safe haven as a place of refuge or sanctuary. I'm using the term to describe a hoped for place of security if a future catastrophe should take place. Possibilities include a major natural disaster, the coming end of the forced petrodollar scam, an unexpected major new war or civil disruption as the United States makes the always difficult transformation from leading world empire to a has-been nation heading downward on the stage of world history. This has happened ...

More Central Bank Communication Is Good If It Tells the Truth

Thu, 01/22/2015 - 02:06
We never believed the Fed would tighten. And we don't. Not really. We've regularly made statements to that effect. If Fed officials do "tighten" – we figure they'll find some other way to loosen. The money printing goes on. And now here come reports to the effect that the "recovery" (we didn't believe that, either) is not all it's cracked up to be. "Global weakness" has taken its toll on the US domestic economy. This is an article that proposes that US central bankers need to communicate more ...

As Prohibition Unravels this Time Hard Questions May Be Asked

Thu, 01/22/2015 - 02:04
A judge is about to rule on the dangers of cannabis and the ruling may well contradict the federal DEA when it comes to sustaining the position that the herb is as dangerously addictive as heroin. But there is a larger issue here, which is how fedgov arrived at such a conclusion and sustained it for nearly a century. This is the proverbial elephant in the room. In fact, we tend to believe that the unraveling of the current drug prohibition – unlike alcohol prohibition – will give rise to the ...

Americas Growth Industry Probation and Parole

Thu, 01/22/2015 - 02:02
The true and staggering rate of incarceration in America is masked by the unconventional cages that are rarely factored into the head count. Many people are caged in an unconventional manner for trivial and nonviolent offenses such as driving without a license or for shoplifting inexpensive items like food. Their number is swelling for one basic reason: They increase revenue. Increasingly, the revenue does not come from tax dollars but from the offenders themselves who are forced to pay for the ...

Why Are Central Bankers Surprised by Monetary Disasters

Wed, 01/21/2015 - 02:06
Again we see the adoption of a dialectical position. The mainstream media has been in full cry over the necessity for money printing and central bank bond purchases. Now, comes a BIS former official – apparently someone with considerable clout – who says exactly the opposite thing. William White has come onto the record warning against what the European Central Bank plans to do as soon as possible. Here's more: "The economic prophet who foresaw the Lehman crisis with uncanny accuracy is even ...

Rickards Gold Is Being Manipulated for Chinas Benefit

Wed, 01/21/2015 - 02:04
Jim Rickards's column has created a stir among alternative media commentators. GATA's Chris Powell posted a column of his own, commenting on it favorably. Of course, GATA has devoted many years to exposing gold (and silver) manipulation, so Rickards's column at Daily Reckoning supports GATA's thesis. In the column, Rickards to a degree is reprising a larger theme that his 2014 book, The Death of Money, relates. We would tend to agree with this theme, which is that the world's monetary economy ...

The Dire State of Our Nation What You Wont Hear from the Politicians

Wed, 01/21/2015 - 02:02
No matter what the politicians might say about how great America is, the fact is that the nation seems to be imploding. Consider the following facts: Our government is massively in debt. Currently, the national debt is somewhere in the vicinity of $18 trillion. More than a third of our debt is owned by foreign countries, namely China and Japan. Our education system is abysmal. Despite the fact that we spend more than most of the world on education ($115,000 per student), we rank 36th in the ...

The Unraveling of the US Middle Class Is Monetary and Corporate

Tue, 01/20/2015 - 02:06
The West's economic system, we know now, regularly strips people of wealth. Monopoly central banks debase the currency via money printing and large corporations make entrepreneurialism difficult. If Obama wanted to revive the middle class in the US, he would have to change fundamental parts of the system. But he hasn't, and thus the decline of the US middle class has continued. Here's more: The revival of middle-class jobs has been one of Obama's mantras since he took office in 2009 fighting ...

Finding Farmland Global Maps Help Fight Hunger

Tue, 01/20/2015 - 02:04
Is this sudden interest in mapping farmland a back-door justification for the advancement of Big Agriculture? Will it justify as well a sudden drop in food production and rising farmland prices across the board? The idea of this article is that farmland must now be put into cultivation in large chunks since each farm may not itself be able to lift yield further. In other words, in the future if global warming changes the environment, there will be more acreage farmed and fewer crops harvested. ...

Global Free Trade Makes for Mutual Prosperity and World Peace

Tue, 01/20/2015 - 02:02
The recent brutal events in France have reminded us how small the world is that we all share. Violence and conflicts that have their origin in one part of the globe shows itself in another part of our planet. And mass media immediately shares those events with the rest of us, no matter where we are. The impression that is often created by these events and those images is that the world is a dangerous place. And that the more interconnected we become, the more we face the threat of that violence ...

ECB Stimulation The Trap Closes

Mon, 01/19/2015 - 02:06
So now it begins. Last week the EU Court of Justice advocate general ruled that the central bank could purchase sovereign debt. One by one, the hurdles are toppling and the reality of ECB market purchases grows closer. Of course, last year the German constitutional court ruled – understandably – that such purchases are NOT constitutional. This is setting up a significantly adversarial environment and one wonders how it will end. According to Bloomberg editors who penned the above editorial, the ...

Davos Will Focus on Loss of Trust Regarding Big Business and Big Finance

Mon, 01/19/2015 - 02:04
This article features a mainstream newspaper reporting clearly what we already know but have rarely seen admitted in the mainstream: Big business and big finance equally have lost the "trust" battle. The paradigm is no longer believable. Having made the admission, the article rushes to beat back naysayers. There are indeed solutions, the article avers, or at least one solution, which is to better serve the customer. Give the customer what he wants and the "trust" issue will disappear. That's ...

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