Authored by John Mauldin via MauldinEconomics.com, “Vanity of vanities, saith the Preacher, vanity of vanities; all is vanity.” – Ecclesiastes 1:2, King James Version (attributed to King Solomon in his old age) This week’s letter will take a look at the growing number of ridiculous, inane, and otherwise nonsensical absurdities that fill the daily economic headlines. I have gone from the occasional smile to scratching my...
Read More »SNB: It’s A Bonfire Of The Absurdities
Authored by John Mauldin via MauldinEconomics.com, “Vanity of vanities, saith the Preacher, vanity of vanities; all is vanity.” – Ecclesiastes 1:2, King James Version (attributed to King Solomon in his old age) This week’s letter will take a look at the growing number of ridiculous, inane, and otherwise nonsensical absurdities that fill the daily economic headlines. I have gone from the occasional smile to scratching my...
Read More »If American Federalism Were Like Swiss Federalism, There Would Be 1,300 States
In a recent interview with Mises Weekends, Claudio Grass examined some of the advantages of the Swiss political system, and how highly decentralized politics can bring with it great economic prosperity, more political stability, and a greater respect for property rights. Since the Swiss political system of federalism is itself partially inspired by 19th-century American federalism, the average American can...
Read More »If American Federalism Were Like Swiss Federalism, There Would Be 1,300 States
Authored by Ryan McMaken via The Mises Institute, In a recent interview with Mises Weekends, Claudio Grass examined some of the advantages of the Swiss political system, and how highly decentralized politics can bring with it great economic prosperity, more political stability, and a greater respect for property rights. Since the Swiss political system of federalism is itself partially inspired by 19th-century American federalism, the average American can usually imagine in...
Read More »Has The NYT Gone Collectively Mad?
Authored by Robert Parry via ConsortiumNews.com, Crossing a line from recklessness into madness, The New York Times published a front-page opus suggesting that Russia was behind social media criticism of Hillary Clinton... For those of us who have taught journalism or worked as editors, a sign that an article is the product of sloppy or dishonest journalism is that a key point will be declared as flat fact when it is unproven or a point in serious dispute – and it then becomes the...
Read More »Can Switzerland Survive Today’s Assault On Cash And Sound Money?
Authored by Marcia Christoff-Kurapovna via The Mises Institute, “Switzerland will have the last word,” wrote Victor Hugo in the late 19th century. “It possesses one of the most perfect forms of government in the world.” A contemporary of his, Frederick Kuenzli, a scholar of the Swiss Army, boasted: “No purer type of Republican ideals, no more fixed and devoted adherence to those ideals can be found in all the world...
Read More »New Gold Pool at the BIS Switzerland: A Who’s Who of Central Bankers
This is an extract and summary from “New Gold Pool at the BIS Basle, Switzerland: Part 1” which was first published on the BullionStar.com website in mid-May. Part 2 of the series titled “New Gold Pool at the BIS Basle: Part 2 – Pool vs Gold for Oil” is also posted now on the BullionStar.com website. “In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday,...
Read More »Remembering A Still Falling Hero: Small Business
On this holiday weekend known here in the U.S. as Memorial Day, I would like to make a slight turn in the narrative that many give little to no attention too, yet, is one of the most important underlying principles or fundamentals which helped shape, lift, mold, sustain, and create one of the world’s greatest economic powerhouses bar none. That “turn” is in remembering: The liberty to create, and own, one’s own...
Read More »How The Flash Crash Trader Was Scammed Out Of A $50 Million Fortune
The sad saga of Navinder Sarao, who on April 20, 2015 became the scapegoat for the May 2010 flash crash and was sentenced to up to 360 years in prison - he will find out later this year the actual length of his prison sentence - got its latest twist today thanks to a fascinating report how in addition to having lost his freedom, Nav also lost all of trading fortune, some $50 million of it. As Bloomberg's Liam Vaughn recounts, "it took Navinder Singh Sarao a long time to accept that he might...
Read More »Destroying The “Wind & Solar Will Save Us” Delusion
The “Wind and Solar Will Save Us” story is based on a long list of misunderstandings and apples to oranges comparisons. Somehow, people seem to believe that our economy of 7.5 billion people can get along with a very short list of energy supplies. This short list will not include fossil fuels. Some would exclude nuclear, as well. Without these energy types, we find ourselves with a short list of types of energy — what...
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