Category Archives: The Mine or the Shaft

We have been railing against Public/Private Partnerships for many years. This is not a new issue. Many times in the past we’ve tried to inform the public of the dangers of PPPs, but they are complicated and most people today … Continue reading →

Many American voters have come around to the idea that the loans are an unsustainable burden Student-debt cancellation, once viewed as a niche political issue, has now, with loans topping a staggering $1.5 trillion, made it onto the platforms of … Continue reading →

We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, business debt and sovereign debt … Continue reading →

Last week we wrote about how global central banks have created an economic time machine by forcing $17 trillion worth of bond yields below zero percent, which is now 30% of the entire developed world’s supply. Now it’s time to … Continue reading →

The distinguishing feature of fiat money systems is that they are licentious—they are created by corrupt politicians so that they can act without restraint by, for example, promising the citizens the earth in order to improve their chances of being … Continue reading →

Most people who have undertaken a formal study of economics end up accepting such things as the necessity of a central bank to prevent or at least ameliorate recessions. They take as a given the need for government intervention in … Continue reading →

So there is a lot of buzz that the Federal Reserve is about to cut interest rates – and it might actually happen. We’ll see. But if it does happen, it will directly contradict the carefully crafted narrative about the … Continue reading →

Big Companies All Over America Are Reporting Disastrous Financial Results If the U.S. economy really was “booming”, then corporate earnings would be rising. But that isn’t happening. In fact, we haven’t seen corporate earnings fall like this since the last … Continue reading →

Honest money is a widely-accepted medium of exchange that arises solely from voluntary market exchanges and maintains its value solely from voluntary market exchanges. People once settled on gold and silver coins as their preferred money, but we have long … Continue reading →