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Tag Archives: News

Baby Formula: Thank Protectionists and the FDA for the Shortage

For parents who rely on baby formula—whether by choice or due to medical necessity—the nationwide baby formula shortage has become increasingly difficult to ignore. According to the Wall Street Journal, Walgreens, Target, CVS, and Kroger have all begun rationing supplies of formula. Covid lockdowns, combined with a product recall by formula manufacturer Abbott Nutrition has created a very real shortage in a product that is key for proper nutrition in many children. With the shortage has come...

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The Fed: Just Doing My Job

By: Robert Aro Last week Federal Reserve Governor Christopher J. Waller wrote: Reflections on Monetary Policy in 2021, where he discussed whether or not the Fed fell behind the curve. In Fedspeak, the Fed did not raise rates fast enough to “fight inflation.” With April’s producer price index announcement of 11%, it’s likely someone at the Fed thought it best to give the public an explanation. The Governor begins by preparing listeners for the excuses to follow: First, the Fed was not alone...

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Rothbard on the Court Intellectuals

It’s well known that Murray Rothbard thinks that intellectuals play a crucial role in getting the public to accept the state. Why are these “court intellectuals” needed? The necessity arises from the nature of the state. Following Franz Oppenheimer and Albert Jay Nock, Rothbard maintains that the state is a predatory organization: it uses coercion to seize property from people. It consists, moreover, of a relatively small minority of people: even in states with large bureaucracies, most...

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Curveballs in the Housing Bubble Bust

All these curveballs will further fragment the housing market. Oh for the good old days of a nice, clean housing bubble and bust as in 2004-2011: subprime lending expanded the pool of buyers, liar loans and loose credit created speculative leverage, the Federal Reserve provided excessive liquidity and the watchdogs of the industry were either induced (ahem) to look away or dozed off in a haze of gross incompetence. The bubble burst was also straightforward: unsustainable debt, leverage,...

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Will Abortion Rights Lead to Secession in the USA?

By: Peyton Gouzien After the leaking of a draft opinion from the Supreme Court on “Dobbs v. Jackson Women’s Health Organization,” it seems clear that the precedent set in Roe v. Wade and upheld by Planned Parenthood v. Casey is being overturned. In the document, confirmed by Chief Justice Roberts, Justice Alito plainly says that the majority opinion is “that Roe and Casey must be overruled,” and that “It is time to heed the Constitution and return the issue of abortion to the people’s elected...

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Africa’s Way Out of Monetary Colonialism

Africa has been plagued with rampant inflation and monetary instability over the past fifty years. There have been numerous cases of currency crises and currency resets. Even hyperinflation, the most destructive economic phenomenon, has left its ruinous mark on several African societies. Some may say this is because African central banks are incompetent in managing their currencies. Others may claim, like the famous and infamous former governor of the central bank of Zimbabwe, Gideon Gono,...

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PPI Inflation Is Over 10% Yet Again, Suggesting More CPI Growth in Coming Months

By: Ryan McMaken The Us Bureau of Labor Statistics released new producer price index (PPI) data today, and it’s not good news for consumers. The PPI is a measure of prices at the production phase of goods and services, and is often an indicator of where consumer prices are headed. Prior to 1978, the index was known as the wholesale price index. For April this year, year-over-year growth in the PPI came in at over 10 percent for the fifth month in a row, reaching 11 percent. This was a small...

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Sell And Go To Cash Position Or Hang On By Your Fingernails?

As professional traders, we spend a lot of resources determining whether we are in a bull-up market or a bear-down market. The follow-up to this is our additional efforts in finding the right places to buy or sell in either of these scenarios. As traders, we also have different styles or time frames that we trade. For instance, longer-term trend traders may utilize the daily, weekly, or even monthly charts. In comparison, shorter-term swing traders may utilize the 4-hour or 1-hour charts....

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The Transgender Debate Should Be about Women’s Freedom and Private Property Rights

The hot topic in British politics is whether it is appropriate for transgender-identified males to go into women’s only spaces such as toilets, changing rooms, and prisons. With J.K. Rowling as their figurehead, there has been a rise of women voicing their concerns about their safety and comfort if biological males enter spaces intended for biological females. Several gender-critical groups have used the Equality Act 2010 as a basis for excluding transgender-identified males from single-sex...

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