By Alasdair Macleod President Reagan memorably said that the nine words you don’t want to hear are “I’m from the government, and I’m here to help.” Governments in all the major jurisdictions are now making good on that unwanted promise and are taking responsibility for everything from our shoulders. Those receiving subsidies and loan guarantees are no doubt grateful, … [Read more...] about Central Banks Are Destroying What Was Left of Free Markets
Banking
The Wealth Redistribution Scam That Is “Inflation”
By Thorsten Polleit The world over people are told that central banks pursue “price stability” by making sure that consumer goods prices do not rise by more than 2 percent per annum. This is, of course, a big sham. If the prices of goods rise over time, it does not take that much to understand that prices do not remain stable. And if the prices of goods increase over time, … [Read more...] about The Wealth Redistribution Scam That Is “Inflation”
How Today’s Central Bankers Threaten Civilization
By Claudio Grass When I was asked to write an article about the impact of negative interest rates and negative yielding bonds, I thought it was a chance to look at the topic from a broader perspective. There have been lots of articles speculating about the possible implications and focusing on their impact in the short run, but it’s not very often that an analysis looks a … [Read more...] about How Today’s Central Bankers Threaten Civilization
Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will
By Lubomir Tassev Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet. Smaller banks, however, are more willing … [Read more...] about Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will
The High Price of a “Free Lunch”
By Frank Hollenbeck One of the Ten Commandments is “thou shalt not steal,” and theft is generally condemned in most religions, yet our religious leaders and followers have essentially turned a blind eye to government theft. Based on a policy of envy, Bernie Sanders, for example, has bluntly stated he intends to tax the rich to fund his programs, as though the word rich … [Read more...] about The High Price of a “Free Lunch”