by Daniel Lacalle via Mises Governments and central banks have become the lender of first resort instead of the last resort, and this is immensely dangerous. Global debt soars, inflation creeps in, and many of the so-called supply chain disruptions are the result …
by Charles Hugh-Smith Plunder is fun until everything has been plundered. Nothing is infinite except greed and credulity. Unfortunately, neither greed nor credulity can build a sustainable, productive economy. We blew it: rather than investing in a sustainable mix of energy …
by Charles Hugh-Smith People love their big paychecks, but they also value their sanity. One of the most astonishing manifestations of disconnected-from-reality hubris is public authorities’ sublime confidence that employers and entrepreneurs will continue starting and operating enterprises no matter how …
by howmuch The Japanese have their electronics, the Germans their cars and the Americans their technology. Many countries claim to be the best in one field or another. But which country is home to the most overall productive workers? Take …