Written by Frank Hollenbeck
The “monetary cranks” and “ignorant zealots” of old are back preaching salvation if only we had more inflation. Keneth Roggoff and Fed President Charles Evans did not mince words, while others have been more circumspect. Christine Lagarde warns us of the “ogre of deflation” and the “risks” of low ...
Written by George Reisman, Ph.D.
An Open letter to Thomas Perez, U.S. Secretary of Labor Dear Secretary Perez:
Raising the minimum wage is a formula for causing unemployment among the least-skilled members of society. The higher wages are, the higher costs of production are. The higher costs of production are, the higher prices ...
Written by Paul Craig Roberts
As we documented in previous articles, the gold price is driven down in the paper futures market by naked short selling by the Fed's dependent bullion banks. Some people have a hard time accepting this fact even though it is known that the big banks have manipulated the LIBOR (London Interbank ...
Written by Robert P. Murphy
“The Planetary Society” is trying to whip up public action in the United States to pressure the federal government to restore spending programs for NASA. The website tells the reader, “For decades, Jupiter’s moon Europa has cried out for exploration. Its large ocean may be one of the most habitable ...
Written by Johannes Schmidt, Alexander Derrick, Joseph Henchman
Since Bitcoin’s introduction in 2009, the IRS has left users in the dark about the tax liability of their assets. On Tuesday, the IRS clarified its position on the tax status of virtual currencies, and it’s official: Bitcoin is property and not currency, at least as far as the U.S. government is ...
Written by John Berlau
As the weather finally turns to spring, the D.C. Circuit Court of Appeals today blew a nice cool breeze of common sense.
A bipartisan three-judge panel unanimously overturned district Judge Richard Leon’s July 31 ruling that the Federal Reserve had not made the price controls stemming from ...
Written by The Daily Bell and Andy Hoffman
Introduction: Andrew ("Andy") Hoffman, CFA joined Miles Franklin, one of America's oldest, largest bullion dealers, as Media Director in October 2011. For a decade, he was a US-based buy-side and sell-side analyst, most notably as an II-ranked oil service analyst at Salomon Smith Barney from 1999 ...
Written by Daniel Kochis
The United States has been experiencing a boom in energy production in recent years, most notably natural gas production. This energy boom should allow for a strong export market for American liquefied natural gas (LNG) to hungry markets abroad. However, legal and regulatory hurdles make it ...
Written by David Howden
A currency is only as safe as the bank that stores it. Nowhere is this more apparent than in the recent turmoil in the bitcoin community.
One the primary advantages of bitcoin, perhaps even the greatest advantage of the cryptocurrency, is the ability to do away with traditional banking ...