Economy

Image for When Fiat Currency Stops Being Money

When Fiat Currency Stops Being Money

If the private sector does not accept a currency as a general means of payment and a store of value, the currency becomes worthless and ceases to be money

11 hours ago By Daniel Lacalle | Mises.org

Image for Economist Rips Biden Over “Weird” Jobs Report

Economist Rips Biden Over “Weird” Jobs Report

Biden chose to focus on the low unemployment rate, not tepid job growth.

12 hours ago By Michael Maharrey | Schiff Gold

Smith & Wesson Shares Crash After Earnings Miss Shows Panic-Hoarding Guns Is Over

Shares down over 17% in premarket to about the $19 handle.

4 days ago By Zero Hedge

Global Food Prices Hitting New Decade High

Surge driven by snarled supply chains, harvest setbacks, soaring farm costs, high demand

4 days ago By Zero Hedge

  • Latest

Dec 01, 2021

OPEC Says No to Biden’s Call to Boost Oil Output

Group not sticking with planned oil production increase in November under OPEC+ deal

Nov 30, 2021

We’re All Talking about Inflation, but Deflation May Also Be on the Way

When prices fall as a result of rising wealth that's good news

Nov 30, 2021

“Team Transitory” Is Dead After Powell Says “Time To Retire Word Transitory Regarding Inflation”

Federal Reserve never had any plans to combat inflation because that would pop the massive bubble they created with endless money-printing.

Nov 29, 2021

Housing Hubris: Can Home Prices Spiral Upward Forever?

The causes of today's skyrocketing housing prices are different in many ways from what happened in 2008

Nov 29, 2021

Bitcoin Surges As Crypto Rebounds From Sell-Off

Global crypto market’s capitalization surged 5.58% to $2.58 trillion.

Nov 29, 2021

The US Misery Index Shows How Weak This Recovery Is

This is not a strong economy, it is a disaster waiting to happen as inflation remains elevated

Nov 26, 2021

Nov 26, 2021

Organized Retail Crime Wave ‘Traumatizing’ US Workers

Major retailers ravaged by looters, rampant theft across U.S.

Nov 25, 2021

Food Prices Are About to Soar

Worldwide shortage of nitrogen fertilizer could send rising food costs sky high

Nov 24, 2021

Nov 24, 2021

Best Buy Crashes as Margins Slide Due to “Organized Retail Theft”

"Organized retail crime" hammering financials, traumatizing employees, CEO says

Nov 23, 2021

US Announces Coordinated, Global Oil Release of Up to 50 Million Barrels

Unprecedented attempt by three of the world’s largest oil consumers to tame prices

Nov 22, 2021

Fed Pulls Off Masterful Manipulation of Junk Bond Market

Central bank facilitated a massive wealth transfer from savers to speculators, pocketed millions of dollars, and then washed its hands of the matter.

Nov 22, 2021

Biden Nominates Jerome Powell to Continue Leading Federal Reserve

Fed chairman has overseen worst monetary crisis in recent history

Nov 18, 2021

Smallpox Drugmaker Surges Amid Fears of New Pandemic

Seeds of next pandemic already being planted

Nov 18, 2021

Is Price Stability Really a Good Thing?

Contrary to popular thinking, there is no such thing as a price level that should be stabilized by the central bank in order to promote economic prosperity

Nov 17, 2021

Nov 16, 2021

Biden’s Infrastructure Plan Points to Even More Inflation

An additional—and quick—$1 trillion spending boost in energy-intensive and material consuming industries is likely to create new problems in terms of inflation and supply shortages

Nov 16, 2021

Since 2008, Monetary Policy Has Cost American Savers About $4 Trillion

After thirteen years with on average negative real returns to conservative savings, it is time to require the Federal Reserve to address its impact on savers

Nov 16, 2021

Amazon Bails on Jersey City Office Expansion

Retail company backed out at the last minute while exploring a 400,000 square-foot office.

Nov 16, 2021

Crypto Market Dives Over China’s Move on Digital Assets

Dip comes as China warned it will continue to clean up virtual currency mining in the country.

Nov 15, 2021

US Inflation to Get Even Worse, Fed Banker Warns

'Math suggests we're probably going to see somewhat higher readings over the next few months'

Nov 15, 2021

USDA to Increase Pig Slaughtering at Processors to Tame ‘Meatflation’

Biden admin freaking out about inflation ahead of midterms

Nov 13, 2021

Biden’s Communist Treasury Nominee Says The Federal Reserve Should Control All U.S. Bank Accounts

"There would be no more private bank deposit accounts and all of the deposit accounts will be held directly at the Fed," she says.

Nov 12, 2021

Nov 12, 2021

Price Inflation Hits a 31-Year High as Janet Yellen Insists It’s No Big Deal

Real wages fell in October as consumer prices, producer prices, and home prices all surge toward multidecade highs

Nov 12, 2021

China’s Financial Bubbles Remind Us of Scams like Britain’s South Sea Bubble

It never ends well: to clean up mountains of bad debts, the Chinese regime has employed debt-for-equity schemes that could leave countless ordinary investors in deep trouble

Nov 11, 2021

Economist Warns: You’re Going to Be on the Hook for Rising Producer Prices

"Consumers should be concerned about the prices that producers pay. But they generally don’t start to worry until those higher costs get passed on to them in the form of higher prices."

Nov 11, 2021

Biden to Sign $1.2 Trillion Infrastructure Bill on Monday

Only 10% of funds provided by measure will go to improving the country's infrastructure, critics warn

Nov 10, 2021

Peter Schiff With Megyn Kelly: Inflation Robs Working and Middle Class Americans

Biden admin claims “the rich” will pay for all of the spending, this simply isn’t true.

Nov 10, 2021

CPI Preview: Brace for the Highest Number in Three Decades

Prices surging across most sectors amid rising inflation, supply chain crunch

Nov 09, 2021

Elon Musk Aiming to Solve Texas Energy Crisis

Tesla to sell electricity to retail customers in lone star state.