economics
Biden refuses to do anything lest he upset the Progressives who want open borders, guaranteed living wages, clean energy, a right to shelter, a right to free health care, and net zero carbon.
We built a neoliberal global system that repressed volatility as QE Spice flowed. But while Great Houses thrived, and some got very rich selling shadow-bank Spice derivatives, that system only increased our fundamental vulnerabilities to key threats...
The control that comes with CBDCs is immense and allows for complete micromanagement of the population...
Add the state capital gains tax and the Biden combined federal-state rate would exceed 50% in many states
The late stage of a global system has a ‘false dawn’ as the economy shifts from producing things,...to producing financial assets, which make money while destabilising society and the global system itself
The median U.S. income-earner ($74,755) with 10% down could only afford a home that costs $207,529 - 38% less than the current median-priced home...
...not helped by the 8th downward revision in the last year...
“Adopting the 14th sanctions package is one of the most important things...”
Joe Biden is announcing on Monday $7 billion in grants to help more than 900,000 low-income households install residential solar power...
Government debt levels have grown in most parts of the world since the 2008 financial crisis, and even more so after the COVID-19 pandemic...
Immigration won’t decide the election. Polls have not yet captured what will. This may come as a surprise, but the top issue housing. More explicitly, it’s shelter costs.
"If you care about your...country, read Ludwig von Mises and the six lessons of the Austrian economic school...”
At bottom things cannot continue the way they have been, otherwise the system can and will break...
“Something will have to give...”
"consumer spending "barely increased...employment rose at a slight pace overall... firms' ability to pass cost increases on to consumers had weakened considerably"
Since we have not traveled as far on the path as Japan, we have time to learn their lessons and fix them. Will this happen?
Russia, thanks to cheaper crude supply, was China’s top source of crude imports last year...
Yet the masses and their politicians remain economically ignorant, segregating themselves into us versus them, using the technology to fight deadlier wars, and ignorantly attempting to centrally plan the social-order economy...
Texas, Florida, Illinois, Michigan and Georgia firms say market conditions, loss of customers forced job cuts