If you want to understand economics, put money out of your mind. Think, instead, only about goods, such as food, clothing and shelter.

Continue reading “If You Want to Understand Economics” →

Source: The American Conservative.

Douglas Macgregor thinks Poland is planning to join Ukraine in combat against Russia. Separately, Finland and Sweden are planning to apply for NATO membership. Is the stage being set for WWIII?

I think it is. Ukraine is on the verge of military collapse. When it finally occurs, the U.S. and our western allies will no longer be able to use the conflict to drain Russia of resources or use Putin as a propaganda whipping boy. The U.S. policy of regime change in Russia will become more difficult to implement. We must either change our policy or escalate the war.

FWIW, I’d prefer to see us change our policy.

Source: American Institute for Economic Research.

From the responses to my post on Joe Biden’s speech on the economy I get the impression that some members of the Forum audience don’t understand the inflation we are seeing today. The source article for this post may help explain our current inflation to them.

Continue reading “Supply Disturbances Do Not Explain High Inflation” →

Official transcript available here.

Joe Biden embarrasses America.

America is supposed to be smart; Biden’s remarks are stupid. They are brain farts all the way down, starting with calling inflation our strength.

Continue reading “President Biden Delivers Remarks on the Economy” →

Source: Mises Institute.

The writer suggests that — as a technical matter — it is feasible to eliminate taxation by simply replacing tax revenues with an equivalent quantity of printed money. This is feasible, he claims in part, because tax collections have the same inflationary effect as printing money.

Continue reading “Taxes: The Barbarous Relic of the 21st Century” →

This video is generating a lot of commentary on web sites I visit. It is, if nothing else, a good test for cognitive dissonance.

It could happen to you.

The lyrics are in the show notes.

A former Russian naval officer (Andrei Martyanov) posted this video on his web site, with the suggestion that the sentiment describes the U.S. and the West pretty well. Does liking this Bob Dylan song make one a Putin lover?

I suppose one could say, “Farmers? We don’t need no stinking farmers!” What’s a few loaves of bread when we can get regime change in Russia?

Source: usefulidiots (The transcripted quote below starts at approx. 24 minutes in the video).

Balance of payments economist Michael Hudson presents his analysis of U.S. strategy in the war against Russia:

Continue reading “Sociopath Neocons Sacrifice Ukrainians and Global Poor” →