Trump’s “Big Beautiful Bill” and the Ultimate Demise of the Dollar

Despite considerable arm-twisting, President Donald Trump’s laughably misnamed “Big Beautiful Bill” (actually a Big Ugly Atrocity) barely passed both houses of Congress. Such a monstrosity, which has been conservatively estimated to add $5 trillion to the national debt including interest over the next decade, is a slap in the face to those souls who believed … Continue reading Trump’s “Big Beautiful Bill” and the Ultimate Demise of the Dollar →

Taxes vs. Tariffs: Which is Fairer?

In the final days of his presidential run, Donald Trump floated the idea of eliminating the income tax and replacing it with tariffs as the means to fund federal spending. He cited the era of U.S. history when the country had no income tax: When we were a smart country, in the 1890s . . … Continue reading Taxes vs. Tariffs: Which is Fairer? →

What the Rising Gold Price Signals

The recent run-up in the gold price has not garnered the attention among the mainstream financial media outlets as it should. Gold has, in part, been overshadowed by the rise in the price of bitcoin and other cryptocurrencies. Naturally, the financial press, which is really an arm of the government and its central bank, wants … Continue reading What the Rising Gold Price Signals →

“Don’t Buy Government Bonds”

As another farcical “debt-ceiling raising” saga unfolds, conducted by the two indistinguishable political parties hell-bent on driving America into economic ruin, it would be instructive to look at how some earlier conservative/libertarian thinkers viewed public debt. Unlike the present generation – with the notable exception of Ron Paul – these intellectuals asked fundamental questions about … Continue reading “Don’t Buy Government Bonds” →

Trump’s Inflation

Former President Donald Trump attends a rally in support of Arizona GOP candidates, Prescott, Ariz., on July 22, 2022. (Mario Tama/Getty Images) Once again, former president Donald Trump criticized the Biden Administration for the record consumer price increases that Americans are now paying. His remarks followed up on his July 4th speech in Wyoming where … Continue reading Trump’s Inflation →

America’s Trade Deficit: An Enormous Concern

Another milestone (or more accurately millstone) was recently passed by the U.S. economy as the January trade deficit surged to an all-time record high of $107.6 billion, up some $26 billion from December’s $80.7 billion imbalance.* Like the gigantic federal budget deficit, the trade imbalance is no longer talked about by the financial press. There … Continue reading America’s Trade Deficit: An Enormous Concern →

“Inflation,” Properly Defined

The use or rather misuse of language has always been an effective tool of politicians to enact their agendas. George Orwell’s “Politics and the English Language” brilliantly showed, in his day, how language was being manipulated for all sorts of totalitarian measures: Political language -- and with variations this is true of all political parties, … Continue reading “Inflation,” Properly Defined →

On the 75th Anniversary of V-E Day and the Coronavirus Scamdemic

The iconic Champs-Élysées and its Arc de Triomphe stand eerily empty before V-E Day ceremonies Friday in Paris. This month (May 8th) marks the 75th anniversary of “V-E Day” when German forces unconditionally surrendered to the “Allies.” Numerous articles, essays, and monographs have appeared commemorating the anniversary and while all are mostly laudatory, some have … Continue reading On the 75th Anniversary of V-E Day and the Coronavirus Scamdemic →

Memo to The Donald: Cut Tariffs NOT Rates

So far, President Trump’s economic response to a potential coronavirus outbreak and a further stock market sell off has been expected – calls for more interest rate cuts and an additional round of monetary stimulus. For the stock market, economy, and the virus itself, neither measure will have their desired effect and, in fact, may … Continue reading Memo to The Donald: Cut Tariffs NOT Rates →

Pope Francis the Taxman

On the heels of calling for a Marxist economic conference this coming March (“Economy of Francesco”), Jorge Bergoglio (a.k.a. “Pope Francis”) has once again opined on financial matters. The purported head of the Catholic Church has now designated “tax cuts” as sinful behavior on a par, apparently, with stealing, lying, and adultery: Today’s structures … Continue reading Pope Francis the Taxman →