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Tag Archives: News

American Exceptionalism Is Real

Nearly 120 years ago, an American engineer named Willis Carrier invented the very first electrical air conditioner. The device was such a hit that he founded the Carrier Corporation in 1915 to meet demand, making it the world’s first HVAC (heating, ventilating and air conditioning) company. Fast forward to today, and Carrier Global, as it’s now called, is one of the largest HVAC manufacturers in the world. Last year it did some $18.6 billion in sales, close to half of it overseas. The...

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Prices are going to rise — and fast!

Goldmoney Insights             July 02, 2020 With stockmarkets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway. Other than possibly the very short-term as we emerge from lockdowns, the economic situation is actually dire, and any hope of a V-shaped recovery is wishful thinking or just brokers’ propaganda. But for now, monetary policy is to buy off all reality by printing money without limit and almost no one is thinking about the consequences....

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Market Update: Gold Hits $1800 – What’s Next?

As we committed to last week, this week’s video focuses on the precious metals and the exceptional performance gold is exhibiting right now after many years of disappointing returns. Year-to-Date, it’s hard to find an asset class that has performed better than gold and gold mining stocks: And the reasons for owning gold just keep getting stronger and stronger. As this week’s expert guest Jeff Clark, Senior Precious Metals Analyst at GoldSilver.com enumerates, all of these gold-friendly...

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Man, Economy and State with Jeff Deist

Today’s solo show kicks off our reading of Rothbard’s landmark Man, Economy, and State with a look at Chapter 1, “Fundamentals of Human Action.” So much of what economics texts get wrong is laid out brilliantly here by Rothbard, who gives readers the basics of action, means/ends, time, ranking, factors of production, and capital in this 77 page master class. The short appendix at the end of the chapter alone is a bombshell—demystifying the correct form for economic analysis, and explaining...

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Nozick and the Minimal State

Robert Nozick’s derivation of a minimal state in the first part of Anarchy, State, and Utopia (1974) has generated a lot of criticism, and you might think there is nothing new to be said about it. I have a new point, though—at any rate, I haven’t seen it discussed—and this is what I’m going to talk about. Nozick’s starting point resembles Murray Rothbard’s anarchism. The fundamental principle of his book is that individuals have rights. There are things you can’t do to individuals without...

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Covid-19: Is Herd Immunity Possible At This Point?

With total covid-19 cases worldwide having punched above 10 million and the US now experiencing 50,000(!) new infections per day, the end to the pandemic looks nowhere in sight. For those hoping a vaccine will ride to our rescue, we’re stuck in a cycle of good news/bad news as nearly every promising initial announcement is soon followed by a list of setbacks. Complicating the matter is that former covid patients appear to be losing their antibodies quickly — suggesting that lasting immunity...

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Daily Digest 7/3 – Good News Friday: West Coast States Teaming Up to Build Electric Highway, Is The Five-Day Office Week Over?

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header “Good News Friday.” We will save and post weekly. Enjoy! Economy Is the Five-Day Office Week Over? (TS) In the Survey of Business Uncertainty — by the Atlanta Fed, Stanford and the University of Chicago — employers predicted that post-pandemic, 27 percent of their full-time employees would continue...

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Dancing Through the Geopolitical Minefield

The elites dancing through the minefield all have plans, but how many are prepared for the punch in the mouth? Open any newspaper from the past 100 years and you will soon find a newsworthy geopolitical hotspot or conflict. Geopolitical conflict is the default setting for humanity, it seems, but it does feel as if the minefield of geopolitical rivalries and flashpoints has been thickly sown and many of the players are dancing through the minefield with a worrisomely cavalier confidence that...

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How Historians Changed the Meaning of “Liberalism”

Understandably enough, the current disfavor into which socialism has fallen has spurred what Raimondo Cubeddu (1997: 138) refers to as “the frenzy to proclaim oneself a liberal.” Many writers today have recourse to the stratagem of “inventing for oneself a ‘liberalism’ according to one’s own tastes” and passing it off as an “evolution” from past ideas. “The superabundance of liberalisms,” Cubeddu warns, “like that of money, ends up by debasing everything and emptying everything of meaning.”1...

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