by Doug French via Mises
The Federal Reserve and the confederation of central banks which follow Chair Powell and his lieutenants at the Eccles Building have flooded the world with fiat script which is only limited by Keynesians’ and modern monetary theorists’ imaginations. In this flurry of metaphorical printing, one country, Russia, has loaded its central bank balance sheet not with the speculation
de jour, bitcoin, but instead with the barbaric relic gold.
Tellingly, Russia’s stockpiling began in 2016, and on the eve of the president’s departure from the White House, Vladamir Putin and Elvira Nabiullina, president of Russia’s central bank, had more gold than US dollars stockpiled.
by Doug French via Mises
What clear-eyed mortgage underwriter would sign on to a thirty-year loan at less than 3 percent? After all, in Las Vegas, for instance, the unemployment rate in November was 11.5 percent, second highest in the country. The city’s main engine, tourism, has been stymied by covid. But, as if there were nothing wrong, nothing to see, or no risks to consider, new home sales are on the verge of being the highest in 2020 since the historic housing-boom year of 2007.
“Heading into the final month of 2020, the housing market in Southern Nevada continues to impress and defy normal seasonal trends,” Smith wrote in the Home Builders Research monthly report cited by Eli Segall in the
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Condensing Austro-Libertarian Papers
Subject: Papers for E4B
Hi Walter,
I wanted to followup on our Zoom call a couple weeks ago. We discussed that you might be able to make suggestions for academic papers that could be condensed into user-friendly summaries. We have a stable of students ready to start on summarization and I’m reaching back out to our professors to ask for paper recommendations. Can you suggest papers that might be relevant to a business audience? Topics such as business ethics, Austrian business cycle theory, capital allocation, consumer sovereignty, and entrepreneurship would be ideal. If you have a link or pdf for the paper that would be very helpful but if not just the title and author will do. Thank you again for volunteering to help!
From: Walter Block <wblock@loyno.edu> Sent: Wednesday, September 23, 2020 10:56 PM To: ‘chris ar’ Subject: RE: Nuclear Weapon Ownership. Dear Chris: Beautifully said. Thanks for your kind comments. Best regards, Walter From: chris ar Sent: Wednesday, September 23, 2020 10:52 PM To: Walter Block <wblock@loyno.edu> Subject: Re: Nuclear Weapon Ownership. Dear Dr Block. First of all, thank you so much for taking the time to respond, I really appreciate it. My name is Chris Armoutidis, I live in Greece, currently studying nutrition. I first found out about libertarianism around five years ago, you were the one who introduced me to … Continue reading →