As I explained last month in the first installment of this series, I am showing the reader that the various attacks on our liberties are part of a coordinated strategy that was conceived decades ago by avowed socialists.read more
THE INTELLECTUAL FOUNDATION OF THE WEST’S SLIDE INTO TYRANNY, PART 1 OF 3: BY Robert P. Murphy
Why do the defenders of capitalism feel like they’re under a coordinated attack? Because they are.
One of the ironies in our current situation is that Carlos and I have been warning our subscribers for years that the various rounds of quantitative easing (QE) had blown up a giant asset bubble that would eventually burst, and that the fallout would be even worse than what happened in the fall of 2008. Well, that did happen, but there was the whole global pandemic thrown into the mix. Consequently, it’s hard to know how Austrian business cycle theory interacts with the coronavirus itself and the associated lockdowns.read more
Even if the virus dies away, large sectors of the economy are already pulverized.read more
Major Firms Less Liquid Than a Responsible Household
Standard financial planning recommends that a typical middle-class (or wealthier) household have at least 6 months’ worth of expenses available in very liquid funds (“cash in the bank”), to handle a sudden job loss, injury, or illness. And yet, when the coronavirus crisis struck, we saw not only small businesses but even many major firms brought to their knees because they couldn’t handle even a temporary interruption in their revenue streams.