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The Big Con: No Matter the Form, Easy Money Is Still a Fraud

P.T. Barnum purportedly proclaimed that “There’s a sucker born every minute”, though there is no proof that he actually said it. Whether true in Barnum’s time or in today’s social-media era, however, the phrase describes those gullible enough to believe anything, even when their better judgment (if they possess any of that) tells them otherwise.Now comes a story about TikTok, where 40 percent of young adults get their news these days. Recent news sources report...

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No Matter the Form, Easy Money Is Still a Fraud

P.T. Barnum purportedly proclaimed that “There’s a sucker born every minute”, though there is no proof that he actually said it. Whether true in Barnum’s time or in today’s social-media era, however, the phrase describes those gullible enough to believe anything, even when their better judgment (if they possess any of that) tells them otherwise.Now comes a story about TikTok, where 40 percent of young adults get their news these days. Recent news sources report...

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Soft US Headline CPI is Unlikely to Be Sufficient to Reanimate Expectations of another Large Fed Cut

Overview: The US dollar is mostly softer ahead of the September CPI. The euro and Canadian dollar have recorded new lows for the move. The greenback extended its gains against the yen to JPY149.55 but has fallen to new session lows in the European morning near JPY148.85. Given the pushback against Fed Chair Powell's 50 bp cut last month revealed in the FOMC minutes, it will take more than a soft headline CPI today to renew speculation of another large move. In fact,...

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To Beat the State, We Must Replace It

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....

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Why Democracy Has Such Staying Power

As has often been noted, “majority rule” in the political sense does not exist in the way it is presented by the dominant institutions of Western so-called “democracies.” The Western public’s resistance to criticism of “democracy” is, therefore, remarkable.The staying power of representative democracy in the West can be explained as follows: Firstly, democracy is widely but uncritically seen as a progressive and enlightened political system that replaced monarchies,...

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American Neocons Get Their Iran War as Congress Sleeps

Over the weekend, the Commander of the US Central Command (CENTCOM), General Michael Kurilla, arrived in Israel to “coordinate” with the Israeli military and plan a military strike against Iran. Think about that for a moment: one of the highest-ranking officers in the US military is planning a war in a foreign country against another foreign country which will be fueled by American weapons, American intelligence, and American tax dollars.Did that foreign country –...

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