By Joseph T. Salerno

Mises.org

July 26, 2024

I recently viewed Finding the Money, a video aimed at persuading a popular audience of the putative merits of Modern Monetary Theory (MMT). The video debuted this past May on several streaming platforms and theaters throughout the U.S. Whether it succeeded or not in its purpose, I will leave it for others to judge.

What I found most noteworthy in the 95-minute video was a brief clip of an interview with George Selgin, an economist of some stature in free-market monetary policy circles.

By Alasdair Macleod

MacleodFinance Substack

July 26, 2024

After declines in gold and silver prices in the second half of last week, this week started on a steady note, before heading south yesterday afternoon. In early morning trade in New York today (Thursday), gold was $2370, down $30 from last Friday, and silver at $27.60 was down $1.60.

The reason for this sudden development has little to do with gold and silver per se but is due to a developing panic in equities.

publié le 25/07/2024 Par Olivier Berruyer

La balance des paiements de la France connaît toujours un déficit très élevé malgré certaines forces de l'économie française que sont le commerce des services et les revenus reçus de l'étranger. Le coût de la facture énergétique, qui a baissé par rapport à 2022 mais qui reste très élevé, a conduit l'État à s'endetter encore plus auprès de l'étranger, ce qui a fait exploser notre dette extérieure.

By David Stockman

David Stockman's Contra Corner

July 24, 2024

Hurrah, they finally took away Grandpa Joe's keys. Fortunately, the political upheaval that is sure to follow is no joke. Actually, it begs to turn out more like the Great Cackle that saved America.

What we mean is that the collective Dem Hive on the banks of the Potomac not only defenestrated "Joe Biden" from a second floor White House window, and did so unceremoniously and without regard for his frail infirmities, but it also effectively knee-capped the credibility of the whole Democrat Party by coronating Kamala Harris in one instantaneous fell swoop.

By Ron Paul, MD

The Ron Paul Institute

July 23, 2024

The 2024 Republican platform promises that, if Donald Trump returns to the White House and Republicans gain complete control of Congress, they will reduce inflation. The platform contains some proposals, such as reducing regulations and extending the 2017 tax reductions, that may help lower prices in some sectors and spur economic growth. However, the GOP platform does not address how the Federal Reserve's enabling of spendaholic politicians contributes to price inflation.

By Charles Hugh Smith

OfTwoMinds.com

July 22, 2024

If we're in a re-make of 'That 70s Show', the plot twists-and twisters heading our way-may be far wilder than we can currently imagine.

I've often written about the 1970s, as it is a profoundly misunderstood decade in so many ways. As one example, the enormous expense of retooling America's industrial base to clean up pollution and become more efficient that I described in The 1970s (January 22, 2023) added to the stagflationary dynamics of the decade (trillions invested with no immediate increase in productivity or profits) but eventually paid enormous dividends in the decades that followed.

publié le 20/07/2024 Par Olivier Berruyer

Le niveau de dépenses publiques est une tarte à la crème du débat médiatique monopolisé par les néolibéraux, qui ne cessent de faire passer notre pays pour une sorte d'enfer fiscal où les citoyens, et surtout les plus riches, seraient maltraités par un État obèse dont les impôts matraqueraient le secteur privé, toujours présenté comme étant le seul « productif ».

By David Stockman

David Stockman's Contra Corner

July 20, 2024

If you don't think the Fed has become an abject handmaid of the Wall Street gamblers, take a gander at the chart below. Owing to the slight down-tick in this week's monthly CPI report, the outcry for rate cuts is reaching a deafening roar down in the trading pits. And judging by Powell's presser on Wednesday, the Fed is fixing to bend over soon, bar of soap in outstretched hand.