not-so-modern-monetary-theory

Not so Modern Monetary Theory

What is valid about Modern Monetary Theory isn’t modern, and what is different about it is, and has always been, whack. Modern Monetary Theory is a heterodox theory arguing that the deficit is a shibboleth. With fiat money, there should be no fear of deficit spending. If the economy is underperforming, just have the government…

why-artificially-low-rates-are-bad-for-you

Why Artificially Low Rates Are Bad For You

Why Artificially Low Rates Are Bad For You Authored by Daniel Lacalle, The disastrous era of negative rates may be ending but it is not over. Imposing negative nominal and real rates is a colossal error that has only encouraged excessive indebtedness and the zombification of the economy. However, nominal rates may be rising but…

the-race-to-tame-inflation-expectations

The Race to Tame Inflation Expectations

In June, the Federal Open Market Committee (FOMC) raised the federal funds rate target by 75 basis points, moving the target range to 1.5-1.75 percent. This was the biggest single increase in the federal funds rate target since 1994. Why has the Fed so quickly shifted its stance? And how are investors responding to this…

bannon-is-martyr-of-pelosi’s-totalitarianism

Bannon is martyr of Pelosi’s totalitarianism

The following article, Bannon is martyr of Pelosi’s totalitarianism, was first published on BizPac Review. Op-ed views and opinions expressed are solely those of the author. The Justice Department (DOJ) on Friday won a conviction against Steve Bannon for contempt of Congress. […] Continue reading Bannon is martyr of Pelosi’s totalitarianism …

from-republic-to-democracy-to-kakistocracy

From Republic to Democracy to Kakistocracy

At the end of the Constitutional Convention, when Benjamin Franklin was asked what form of government the delegates had given America, he said, “A Republic, if you can keep it.” That answer, from a still-esteemed Founder, is particularly noteworthy in our current political environment. Praise is heaped on democracy, while almost no one uses the…

mrna-platform-inventor-sifts-through-the-lies

mRNA Platform Inventor Sifts Through the Lies

By now, many of you will be familiar with Dr. Robert Malone, inventor of the core mRNA and DNA vaccine platform technology1 that the various COVID shots are based upon. (To be clear, he’s not the inventor of the COVID shots themselves but rather the foundational platform that underlies them, for which Malone holds several patents.)…