Almost two decades ago, German economist Horst Siebert coined the term the “Cobra effect” to describe the real-world consequences of “well-intentioned” government interventions that go awry and produce the exact opposite results from what they aim for. [more…]
Veteran observers of economic folly have the advantage of experience. They are already familiar with the failed policies being enacted, yet again, by unprincipled politicians whose sole motivation is re-election. In the meanwhile these pillars [more…]
If asked to name the most dangerous organization on the planet, I doubt that few outside of the Austrian economic community would respond “America’s central bank–The Federal Reserve Bank (The Fed)”. Nevertheless, there is no [more…]
“Boardroom” by TChapman9 is licensed under CC BY 2.0 According to NBC News, if you choose to place any faith whatsoever in the corrupt and corporatised media, over 1300 CEOs left their post just before the outbreak of the [more…]
With prices increasing rapidly across a wide range of materials, goods and products, especially basics like foodstuffs and energy, it is astonishing that what citizens now encounter every day is so persistently, and perversely, denied [more…]
I wrote a few notes on Warble Gloaming recently, and with the gloomfest that is COP26 looming I thought it might be time to revisit them. Here’s the third, where I try to list the [more…]
After months of outright denials and fiery persistence that inflation is not a problem and never will be, central bankers in the US, the EU and other advanced economies are now being forced to face [more…]
I wrote a few notes on Warble Gloaming recently, and with the gloomfest that is COP26 looming I thought it might be time to revisit them. Here’s the second, on that well-known danger to Life [more…]
Gold-backed civilization vs. the Welfare State Many rational economists and students of history have written countless analyses on the gold standard and the terrible impact that its end has had on the world economy. However, [more…]
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