#Arkhaven INFOGALACTIC #Castalia House
There is considerable talk about inflation these days, since gasoline prices are hitting historic highs and the Federal Reserve has been increasing the money supply at a very rapid rate. And yet, if we actually take the time to look at a range of data, one thing becomes very clear: the increase in prices simply […]
ME writes: Why do you care about the money supply? Did you not hear that Friedman admitted he was wrong in the June 6, 2003, Financial Times? The money supply is useless trivia unless you know the money demand also. You do realize that the demand for money changes, right? The price of gold tells […]
Well, that’s not going to help: Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president told FreightWaves on Saturday. “It’s just horrible,” said CFL President Bruce Kalem. A source close to CFL told FreightWaves that CFL […]
Earlier today, I banned the commenter “map” for his ignorant attempt to “correct” those who actually understand how money is created. And on that note, if, at this point, you are going to try to argue with me on core economic concepts, you simply will not be permitted to comment here. The fact that I […]
As I wrote previously, Bannon really is not a strategic thinker. It’s much better to build a broad, self-sustaining support network than depend upon the momentary whims of the ultra-rich: Former White House chief strategist Stephen Bannon has reportedly lost the support of billionaire backer Rebekah Mercer after he suggested he might run for president […]
France’s Socialists are running out of income to tax: France’s Socialist government has admitted that the country cannot cope with any further tax rises and promised no more hikes just days ahead of the country’s largest ever tax bill. In an unfortunate piece of timing, however, the pledge came just as the environment minister announced […]
Gary North isn’t merely a deceitful free trade dogmatist, he’s also off-base when it comes to monetary theory too: John Exter — an old friend of mine — argued in the 1970s and 1980s that monetary deflation has to come, despite FED policy. There will be a collapse of prices through de-leveraging. He was wrong. […]
The present state of Spain’s real estate market should suffice to explode that theory: A better known real estate debacle is a sprawling development in Seseña, south of Madrid, one of Spain’s “ghost towns.” It sits in a desert surrounded by empty lots. Twelve whole blocks of brick apartment buildings, about 2,000 apartments, are empty; […]
One of its clients emails from Old Blighty: Caught the last 20 mins of the radio show. Great stuff, except I can’t believe you don’t think your writing has much influence! The irrational atheist is a key work in the fight against atheist propaganda. There’s nothing more important than doing the Lord’s work, the material […]
It’s incredible that so few people understand why most college degrees are worthless nowadays: My daughter said to me the other day, “Why bother going to college Mom? You have a great degree, from a great college and it means nothing. I think I might move out of the country.” When a) a college degree […]