Economics


War on Cash

The war on cash continues, a dispatch from the German front

By Nick Sorrentino Against Crony Capitalism February 4, 2016   The war on cash continues, a dispatch from the German front   Central banks don’t like cash, particularly when they want to impose negative interest rates on a failing global economy. (If banks were to offer negative rates cash would provide a yield and as […]


The West Is Traveling The Road To Economic Ruin

By Dr. Paul Craig Roberts Paul Craig Roberts.org February 3, 2016   The West Is Traveling The Road To Economic Ruin   Michael Hudson is the best economist in the world. Indeed, I could almost say that he is the only economist in the world. Almost all of the rest are neoliberals, who are not […]

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(Image courtesy of DonkeyHotey/Flickr,CC)

The Fed wants to see what happens if it moves to negative interest rates

By Against Crony Capitalism February 2, 2016   The Fed wants to see what happens if it moves to negative interest rates     It wants to see via a “stress test” of banks. But even with the Fed raising a quarter point recently, so called liftoff, the general trend globally is in the opposite […]


Why (some) millennials are embracing socialism

By Against Crony Capitalism January 29, 2016   Why (some) millennials are embracing socialism     The author of the attached article, the former CEO of Office Depot Steve Odland, is right on the money. In the face of a deeply crony economic and political system, one which walls off opportunity for many while unfairly […]

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Americans hate the U.S. government more than ever

By Against Crony Capitalism January 27, 2016   Americans hate the U.S. government more than ever     Now why oh why might this be? Could it be that Washington’s curtain has been pulled back by the Internet? That’s part of it. Could it be that many Americans continue to struggle while they see the […]


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CNBC: A recession worse than 2008 is coming

By Against Crony Capitalism January 16, 2016   CNBC: A recession worse than 2008 is coming     For the record, we have been calling this for a good while now. We warned of slowing in the Ultimate Crony Capitalist State, China. We warned that the great neo-Keynesian experiment was destined for an ugly end […]


Guess which states Americans are abandoning?

By Against Crony Capitalism January 11, 2016   Guess which states Americans are abandoning?     Why oh why would so many people want to leave these fine states? What with their high rates of taxation and general nannyism and cronyism, massive unfunded liabilities for state workers, trigger happy cops, and politicians who long ago […]

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Poll: Government Named Top U.S. Problem for Second Straight Year

By Against Crony Capitalism January 6, 2016   Poll: Government Named Top U.S. Problem for Second Straight Year     Gee, I wonder why? It’s so responsive and doesn’t take the citizenry for granted or anything. It’s not like the president is out there winging it with his “pen and phone” or that Congress is […]


2015: The year the Democrats fully embraced corporatism

By Against Crony Capitalism December 30, 2015   2015: The year the Democrats fully embraced corporatism     There are exceptions, even still. But they are exceptions these days. The Democrats are as corporatist a party as the Republicans. In some, perhaps many ways, more so. (From The Washington Examiner)   No doubt Hillary Clinton, […]

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Santa Needs Prices

By Robert P. Murphy Foundation for Economic Education December 15, 2015   Santa Needs Prices Christmas, Calculation, and Chaos     A superficial observer might argue that Santa Claus has no relevance to economics, because in Santa’s world, there is no scarcity. But Santa, though magical, is not omnipotent. He faces constraints. First, Santa only delivers […]


Fed ‘Stimulus’ Has Made Inequality Worse, Hurt Economic Growth

By Against Crony Capitalism December 14, 2015   Fed ‘Stimulus’ Has Made Inequality Worse, Hurt Economic Growth     What is explained here by a former vice president of the Federal Reserve Bank of Dallas is what we have said now for years. The Fed’s actions post-Crash have exacerbated wealth inequality and generally skewed the […]

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