The middle class in all developed economies is disappearing through a constant process of erosion of its capacity to climb the social ladder. This is happening in the middle of massive so-called stimulus plans, large entitlement programs, endless deficit spending, and “social” programs. The reality is that those who blame capitalism and free markets for … Continue reading Making You Poorer to Control You. Honest Money is the Key to freedom. →

The Silicon Valley Bank Collapse Is a Direct Consequence of Loose Monetary Policy. The second largest collapse of a bank in recent history after Lehman Brothers could have been prevented. Now, the impact is too large, and the contagion risk is difficult to measure. The demise of the Silicon Valley Bank (SVB) is a classic … Continue reading Silicon Valley Bank Followed Exactly What Regulation Recommended →

Inflationary Policies Are Destroying Wages When we read about the U.S. economy, we often get wage growth as a signal of a strong labor market. It is hardly a strong market when the labor participation rate and the employment to population ratio are both below the February 2020 level and have been stagnant for months. … Continue reading Statism Is Destroying Real Wages →

The United States’ jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the spectacular upgrade to GDP estimates. After a massive consensus increase in GDP recovery estimates to 6.5% in 2021, no one should be cheering a 5.9% unemployment rate, 58% employment to population ratio, and, … Continue reading This Is Not A Strong Jobs Recovery →