Commentary It’s common now to speak of the before times in contrast to the after times. The turning point was of course March 16, 2020, the day of 15 Days to Flatten the Curve, though authoritarian trends predate that. Rights were suddenly broadly throttled, even religious rights. We were told to conduct every aspect of…
Twenty Grim Realities Unearthed by Lockdowns
June 9, 2023
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Americans to Bear Burden of Monetary System’s Gradual Deterioration, Economist Says
Ordinary Americans can expect their wealth to get repeatedly chipped away as the monetary system degrades and requires progressively more intervention by authorities to perpetuate itself, according to an influential author and economist. It may take “a very long time,” however, for the system to actually break, he told The Epoch Times. The recent downfall…
Chaotic Week in Global Central Banking as Recession Forces Itself Into the Conversation
November 8, 2022
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Commentary It began in Australia when its central bank publicly and clearly stated its quandary. Consumer prices are rising too quickly there as elsewhere, yet more and more it appears as if those prices are leading the country, like the rest of the world, into dark recession. What to do as a central banker? The…
The Failure of Central Banking: Politics
Commentary The view was generally held that centralization of banking would inevitably result in one of two alternatives: either complete government control, which meant politics in banking, or control by ‘Wall Street,’ which meant banking in politics. – Paul Warburg, 1930 The idea of the central bank was born in the Middle Ages, when failures…
The Failure of Central Banking: Central Bank Digital Currencies
Commentary Currently, central banks across the globe are drafting plans to issue their own digital currencies. Some, like the People’s Bank of China, are already experimenting with such monetary schemes. Many do not realize it, but digital currencies issued by central banks pose the greatest threat to economic and financial freedom we may have ever…
The Failure of Central Banking: Zombies
April 9, 2022
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Commentary A zombie is an aberration, something that should not exist in the real world. Yet in modern economies, such creatures do exist. Zombies were introduced to the economic jargon by Ricardo Caballero, Takeo Hoshi, and Anil Kashyap in their article, “Zombie lending and depressed restructuring in Japan” in 2008, where they named the unprofitable…
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