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September 16, 2009

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How Fanatics Took Over the World

By Jeffrey Tucker
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“As with most every revolution in history, a small minority of crazy people with a cause prevailed over the humane rationality of multitudes”…

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How is inflation good for society?… Higher interest rates in certain cases are indications of a healthy economy… The Fed has killed the bond market…

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Here at The Daily Reckoning, we take a dim view of price controls, including minimum wage laws. They cause more harm than good. But today Charles Hugh Smith shows you why, if there is to be a minimum wage at all, it should be $18 per hour.

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Today we discuss the lockdowns and their deeper socioeconomic effects. Since we lack all credentials in the relevant sciences, we rely extensively upon the research of others (carefully cherry-picked to confirm our own biases). Hence the extensive use of block quotes.

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I never thought I would say that about gold prices, but the gold price action for the last nine months has been boring.

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The federal government would ladle out $6 trillion in fiscal year 2022. Annual portions would expand to $8.2 trillion by 2031.

Peak America

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The fleeting fancies of the market, its momentary moods, its passing passions, hold little fascination for us.

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