Finance

The Markets, Currency, the Transfer of Wealth and anything else that affects your wallet.


The Blessing of Cash

By Joseph T. Salerno Mises Institute August 24, 2016   The Blessing of Cash   Starting today, the Royal Bank of Scotland will become the first bank in the U.K. to impose a negative interest rate on depositors. The negative rate will apply only to corporate customers, including mutual fund managers and pension funds, holding deposits […]

The Blessing of Cash

Venezuela’s Latest Response to Food Shortages: Ban Lines Outside Bakeries

Venezuela’s Latest Response to Food Shortages: Ban Lines Outside Bakeries

By Against Crony Capitalism August 24, 2016   Venezuela’s Latest Response to Food Shortages: Ban Lines Outside Bakeries     If there is one thing that is ubiquitous in socialist countries it is lines. Lines for food. Lines for health care. Lines for transportation. Lots of lines. But the Maduro government in Venezuela, embarrassed by […]


U.S. Army fudged its accounts by trillions of dollars, auditor finds

By Against Crony Capitalism August 22, 2016   U.S. Army fudged its accounts by trillions of dollars, auditor finds     That’s with a T. A T. The entire economy of the USA is estimated to be around 18 trillion annually. (From Reuters)   The United States Army’s finances are so jumbled it had to […]

U.S. Army fudged its accounts by trillions of dollars, auditor finds

Big Policies, Bigger Failures

Big Policies, Bigger Failures

By Peter Schiff Euro Pacific Capital August 19, 2016   Big Policies, Bigger Failures   Economics is far simpler than most in academics or government would have you believe. To make accurate predictions all you really need is an honest appreciation of the self-interest that is at the heart of free market transactions and an […]


Brexit Fears Weren’t Overblown — They Were Flat-Out Wrong  

By Against Crony Capitalism August 19, 2016   Brexit Fears Weren’t Overblown — They Were Flat-Out Wrong     Brexit was a massive win for those of us who oppose crony capitalism. It was a line in the sand, in the Channel, and Britain in the end decided to remain Britain and to tell the […]

Brexit Fears Weren’t Overblown — They Were Flat-Out Wrong

Inflation: It’s a Wealth Redistribution Scheme

Inflation: It’s a Wealth Redistribution Scheme

By Russell Lamberti Mises.org August 19, 2016   Inflation: It’s a Wealth Redistribution Scheme   Many central banks around the world aim to achieve some “inflation target” either as a single explicit policy goal — as in the case of the South African Reserve Bank — or part of a set of policy goals as […]


Central Banks Are Choking Productivity

By Peter Schiff Euro Pacific Capital August 14, 2016   If the Economy were a car, productivity would be the engine. Heated seats, on-demand 4-wheel drive and light-sensitive tinted windshields, are all very nice. But they mean little if the engine doesn’t turn and the car just sits in the driveway. The latest productivity data […]

Big Policies, Bigger Failures

How Clinton may be avoiding the death tax

How Clinton may be avoiding the death tax (Which she publicly supports)

By Against Crony Capitalism August 14, 2016   How Clinton may be avoiding the death tax (Which she publicly supports)     When you take the total amount of money the Clintons have made, allow for taxes and spending, her reported investment assets are still quite a bit too low to make sense. The likely […]


Consumer Optimism Is Not the Key to Economic Growth

By Frank Shostak Mises.org August 13, 2016   Consumer Optimism Is Not the Key to Economic Growth   Most experts regard consumer’s psychological disposition as the driving force of an economy. If consumers are optimistic and happy with the economy, no recession can occur — so it is believed. According to the popular way of thinking, […]

Consumer Optimism Is Not the Key to Economic Growth

The Bitter Lesson From Seattle’s Minimum Wage Hike

The Bitter Lesson From Seattle’s Minimum Wage Hike

By Against Crony Capitalism August 11, 2016   The Bitter Lesson From Seattle’s Minimum Wage Hike     The push for a higher minimum wage is a subject that we’ve followed closely at ACC. It is such an obvious example of ridiculous pandering to political constituencies. But that’s run of the mill stuff. What makes […]


How Long Can Economic Reality Be Ignored?

By Dr. Paul Craig Roberts Paul Craig Roberts.org August 10, 2016   How Long Can Economic Reality Be Ignored?   Trump and Hitlery have come out with the obligatory “economic plans.” Neither them nor their advisors, have any idea about what really needs to be done, but this is of no concern to the media. […]

Dr. Paul Craig Roberts

Brazil's Olympics: Cronies Feast while the People Starve

Brazil’s Olympics: Cronies Feast while the People Starve

By Ryan McMaken Mises.org August 9, 2016   Brazil’s Olympics: Cronies Feast while the People Starve   For this year’s Summer Olympics in Rio, the Brazilian government spent $4.6 billion — that’s a conservative estimate that covers facilities used for sports only. When we include all other related expenses, the total comes to $12 billion. To […]


Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone

By Jay Syrmopoulos Free Thought Project August 8, 2016   Audit Reveals The Pentagon Doesn’t Know Where $6.5 Trillion Dollars Has Gone     A new Department of Defense Inspector General’s report, released last week, has left Americans stunned at the jaw-dropping lack of accountability and oversight. The glaring report revealed the Pentagon couldn’t account […]

U.S. Army fudged its accounts by trillions of dollars, auditor finds