Markets

The rising opposition in Congress to renewal of the charter for the Export-Import Bank from Tea Party congressmen has spawned an all-out effort by crony capitalist lobbyists in organizations such as the U.S. Chamber of Commerce.

Central banks and government entities around the world are now dominant players in the stock market with some $30 trillion invested in equities and other assets, according to a new study released this week offering the first comprehensive analysis of public-sector investments. About half of that is from central banks. In other words, monetary authorities, which conjure fiat currency into existence out of thin air, are using much of that “funny money” to gobble up real assets — propping up stock prices but eroding the value of people’s savings through inflation of the currency supply. The significance of the findings is monumental. 

IMF deputy Zhu Min has learned nothing from history, announcing another housing bubble that will be "fixed" only by more interference.

 

On June 4, Oklahoma joined Utah, Texas, and Louisiana in affirming that gold and silver coins are legal tender in the payment of debts within the state.

Ride-sharing apps such as Lyft and Uber illustrate the unexpected and welcome benefits the free market provides when it is left alone.

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