European Shadow Unemployment Is a Real Problem
The latest jobs report in the United States shows strengths and weaknesses. Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate fell to 3.5 percent. However, the United States job market continues to show negative real
Real Wages Fall for the Twenty-First Month as Rent and Food Prices Keep Rising
The Federal Reserve has yet to get price increases anywhere near its own arbitrary 2-percent goal, but a mild slowing in growth rates has Biden claiming that price inflation is "falling." Original Article: "Real Wages Fall for the Twenty-First Month as Rent
Mastering the Future: The Megalomaniacal Ambitions of the WEF
The fifty-third annual meeting of the World Economic Forum (WEF) brought together fifty-two world leaders, seventeen hundred corporate executives, sundry artists, and other personalities to address “Cooperation in a Fragmented World.” Fragmentation is the nemesis of the World Economic Forum
Wholesale Price Inflation Is Slowing as Economy Worsens
The US Bureau of Labor Statistics released new Producer Price Index (PPI) data on Wednesday, and it looks like the rate of increase in price inflation is slowing. Nonetheless, year-over-year price inflation in December remained near 40-year highs, and shows the marketplace
Rome’s Runaway Inflation: Currency Devaluation in the Fourth and Fifth Centuries
No matter the historical era, governments have excelled at one thing: debasing their own currency. Rome was no exception, as Roman government excesses required inflation—lots of inflation. Original Article: "Rome's Runaway Inflation: Currency Devaluation in the Fourth and Fifth Centuries" This Audio Mises
Producers Should Reject Calls to “Give Back”
On the dedication page of Ron Paul’s The Revolution: A Manifesto, we find these words: “To my supporters: I have never been more humbled and honored than by your selfless devotion to freedom and the Constitution.” The modifier “selfless” is intended as
The New Rules of Engagement
Not that long ago, my grandparents explained to me why they never discussed politics, religion, or sex in mixed company. Politeness was their currency. And why antagonize people or create ill will over private matters? Fast-forward to 2023, and their advice
Again the Government Is Taking Antitrust Action against Microsoft. Again This Is Wrong.
The Federal Trade Commission seeks an anti-trust judgment against Microsoft for its move to acquire Activision. Like all other anti-trust action, this one has no economic merits. Original Article: "Again the Government Is Taking Antitrust Action against Microsoft. Again This Is Wrong." This
Central Banks Turn to Gold as Losses Mount
In 2022, central banks will have purchased the largest amount of gold in recent history. According to the World Gold Council, central bank purchases of gold have reached a level not seen since 1967. The world’s central banks bought 673