Bob goes solo to give the historical context and true meaning behind “Say’s Law,” as well as the caricature presented by Keynesian critics.
Year: 2024
Czech police probe self-proclaimed ‘paedophile hunters’
Czech police are investigating groups of mostly young people hunting for paedophiles on the internet to blackmail them or beat them up, a spokesman said Friday. Pretending they are children, the self-proclaimed “paedophile hunters” contact sexual predators online, often exchanging pornographic material with them, and ask to meet, police said. “At the meeting, the group […]
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Turkey Instagram ban ‘violates’ free speech: Human Rights Watch
Turkey on Friday marked a week since the authorities blocked access to Instagram, with Human Rights Watch (HRW) saying the suspension violated free speech. The authorities have also frozen popular online video game Roblox. The rights watchdog urged the government to restore access to US-owned Instagram, which President Recep Tayyip Erdogan has accused of “fascism” […]
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Post-Tropical Cyclone Debby Public Advisory
The NHC has issued its final advisory on this system. Public Advisories from the Weather Prediction Center will provide updates as long as the system remains a flood threat. Issued at 1100 AM EDT Fri Aug 09 2024
The myth of fair trade
So-called fair trade is the rage among elites who believe that it protects people in poor nations who would like higher prices for their exports. In reality, fair trade distorts prices and provides disincentives for consumers.
NewsWare’s Trade Talk: Friday, August 9 | NewsWare‘s Trade Talk
S&P Futures are moving higher this morning as yesterday positive momentum continues. Positive action this morning after earnings releases from GILD, TTD, SG, AKAM & EXPE. China’s consumer inflation rose more than expected last month, highlighting some improving trends in the country. Middle East tensions are elevated as Israel is expecting hostile actions from Iran or one of its proxies over the weekend. In Europe, stocks are gaining but have come down from their highs, and oil prices are moving ticking higher.
POST-TROPICAL CYCLONE DEBBY
The “unuseful” tautology
The simple tautology that individuals act is not trivial, despite what critics of Austrian economics might say. As Mises noted, human action is directly related to the ability of humans to reason.
The Federal Reserve Does Not Own Gold
The Fed has owned no gold since 1934, when the Fed handed over all its gold in exchange for gold certificates.
The Fed is warping the shape of the yield curve
As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the system, the more we see the boom-and-bust syndrome.