Right Side News
The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt obligations. But just […]
Copper and nickel are two metals modern society cannot get enough of, but there is not enough to go around, says Rick Mills, publisher of Ahead of the Herd. Add in mounting production costs and you have a supply-and-demand disaster in the making. But when it comes to making fiberglass and aluminum, Mills says in […]
The Gold Report: How has your bullish view on the gold sector evolved as a series of crises has jolted both the international stock market and the price of gold? Greg Orrell: First off, my belief in gold as a monetary asset has not wavered. Japan basically admitted that it is bankrupt with its intention […]
Excerpted from chapter 11 of Omnipotent Government by Ludwig von Mises.] The gold standard was an international standard. It safeguarded the stability of foreign exchange rates. It was a corollary of free trade and of the international division of labor. Therefore those who favored etatism and radical protectionism disparaged it and advocated its abolition. Their campaign was […]
The U.S. Senate is debating the so-called Marketplace Fairness Act. It’s a bill that would result in the taxation of Internet sales, driving up costs for consumers. The legislation cleared a procedural hurdle Monday and could have a floor vote by Thursday. This is a classic case of where the interests of big business and big […]
The Daily Bell is pleased to present this exclusive interview with Hugo Salinas Price. Introduction: Hugo Salinas Price is a successful, retired businessman who lives in Mexico. He has been a follower of the Austrian School of Economics since his youth. He has written three books in Spanish on how and why silver should be instituted […]
Let’s begin with: Goodman’s Law of Regulatory Impact: most economic regulation, most of the time, imposes social costs on people without changing any fundamental behavior. Take something really far out. Suppose we repealed the law against murder. Would the murder rate go up or down? For the vast, vast majority of us, the prohibition is […]
Picture a mono-racial New York metropolitan area with a fraction of the murders, if you can. Add in unreadable signs and buildings and infrastructure completed in 1960 or later. Then you might have a picture Seoul, the capital of the Republic of Korea and, quite possibly, the new center of global capitalism. At least, that […]
Runaway government spending is among the most important economic problems of our time. It is absolutely urgent that it be brought under control and progressively reduced until it is sufficient to provide for no more than the essential government functions of defense and justice. Only then will the citizens have the greatest possible individual freedom […]
How many times have you heard President Obama express concern for the middle class? More than you can count, I’m sure. If you are in the middle class, Obama’s frequent mentions of you should make you very worried. A key part of Obama’s modus operandi is his habitual use of verbal misdirection—saying one thing and then doing […]
A book review in the Wall Street Journal by associate professor of economics at San Jose State University Jeffrey Hummel entitled “The New Central Planning” tends to confirm the perspective that the Federal Reserve is under continued attack. The upshot may be a new monetary system, one way or another. The new system, probably some sort of gold standard, will […]
Murray N. Rothbard used to say that it is impossible to convince the economically illiterate with reductios ad absurdum. Why? This is because the very purpose of this type of logical argument is to embarrass our friends on the Left (and the Right too, sad to say, see below) by taking up the premises of their […]