Tag Archives: Featured

The monetary route in Argentina appears to be entering a new phase, and some form of currency competition was implied in the July 2024 statements of Minister of Economy Luis Caputo. The route is akin to a regime where transactions are legal in multiple currencies, but only the peso holds legal tender status. Caputo anticipated that Argentinians will soon have to sell dollars to pay taxes, and remarked that if they have savings in pesos and dollarize them, later they...

Overview:  The US dollar's decline continued yesterday after the steep jobs’ revision and an unusual solid auction of the Treasury's 20-year bond. The minutes from the recent meeting confirmed that the FOMC will begin its easing cycle next month. The dollar is mostly firmer today. The market has looked through the stronger than expected eurozone flash PMI--seeing the impact of the Olympics--and stalled the euro's rally, which lifted it to new highs for the year...

In the rapidly evolving landscape of financial technology, the term "live online banking" is becoming increasingly prevalent. As consumers demand more convenience and instant access to their financial information, banks and financial institutions are stepping up to offer real-time banking solutions. This article delves into the concept of live online banking, exploring its features, benefits, and potential challenges. We will examine how this innovative approach is...

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....

The Libertarian Party was assembled in 1971 and has proven throughout its history to be a resoundingly-unsuccessful third-party venture in American politics. While libertarians are outspoken in their advocacy for individual liberties, limited government, and free markets, their presidential candidates have proven largely unsuccessful throughout history.Why have they not experienced greater success in the face of confronting what has become two ideological extremes?...

Watch the video version of this article on X/Twitter. The latest monthly report on taxes and spending from the Treasury Department shows that in July, the federal deficit was $244 billion, or nearly one quarter of a trillion dollars.In spite of the fact that the US government managed to collect $330 billion in taxes in July, they also managed to spend $574 billion.Through the end of July this fiscal year, the feds racked up a deficit of a little over 1.5 trillion...

While organized labor across Nigeria is currently jubilant over their recent win in obtaining a minimum wage increase by fiat, every student of praxeology in Nigeria receives this news with mixed feelings and the utmost reservation, because we are cognizant of the outcomes which inevitably follow from such interventions in the free market.Earlier in May 2024, organized labor (in both public and private sector)—under the auspices of the Nigerian Labor Congress (NLC)...

Popular discussions of inflation and the economy have produced more heat than light, if not heat and darkness. President Biden has made multiple remarks on his record, which taken singly are each incorrect. Taken together, Biden’s remarks on Bidenomics are incoherent.Biden claims that his main fiscal stimulus policy, the American Recovery Plan delivered record reductions in unemployment without causing inflation. Biden has insisted that corporate greed (Greedflation)...

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The New Deal has been a key driver behind how the Democratic Party justified its hold on political power in the United States. The precursor to the New Deal was the Great Depression, which, in the minds of many Americans, was triggered by the stock market crash in late 1929.However, is the Democratic memory of the crash and Depression thereafter accurate? Did those events justify the policies Democrats pursued through the New Deal? One way to explore these questions...