Futures Rally Amid Fresh Iran Peace Hopes, All Eyes On SpaceX

The Fallacy Of Stable Prices Authored by George Ford Smith via Mises Institute, Though Herbert Hoover was a pioneer among presidents in getting the government to "do something" about a depression, he was no maverick. He had the support of distinguished court economists who promoted the idea that stable prices were the key to lasting prosperity. Common sense tells us that if we walk into a store and find prices consistently lower than they had been, we are better off, other things equal, because our money buys more. As Rothbard wrote, "Increased...

Truth Is The First Casualty Of War; The Currency Is The Second... Authored by Nick Giambruno via InternationalMan.com, “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”  — Ernest Hemingway Thanks to the fiat currency system, governments at war can tap into a nation’s savings by financing conflict through currency debasement. Under a gold standard, governments had to have the gold or impose taxes if they wanted...

Betting Against Ourselves: The Casino-ization Of America Submitted by QTR's Fringe Finance Last month I wrote about something that had been building in my mind for years: the realization that active trading was doing more harm than good in my life. I wrote about how I had finally put systems in place to turn my trading and account management over to trusted parties who are far better and more disciplined at it than I am. I had to separate the fact that I feel great about often being an accurate prognosticator on my blog...