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Sunday, May 16, 2021

Bitcoin Dives on Tweets From Elon Musk

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Well, bitcoin, that great "store of value," is diving again because Tesla CEO Elon Musk just implied in a Twitter exchange that Te...

Gold and Silver Manipulation, Bitcoin, Deficits and Much More

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In this edition of "This Week in Economics with Robert Wenzel," I answer listener questions on a wide variety of topics on economi...

Why Aren't Interest Rates And Gold Going Up?

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Keynes relaxing and considering potential beauty contest choices of others.  James Freeman, who always asks intriguing questions,  write s a...
Saturday, May 15, 2021

Amazon Has Banned My Anti-MMT Book

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See updates below. \ It appears that Amazon has banned my book, "Problems With Modern Monetary Theory: A Comment on Stephanie Kelton...
25 comments:

The IRS Is Coming for Crypto Investors Who Haven’t Paid Their Taxes

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Two new IRS efforts to find crypto tax evaders stand out: In April, a federal judge in Boston approved an IRS summons to the payments compan...
1 comment:

Larry Summers: The Price Inflation is Even Worse Than I Warned About

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Larry Summers  As detailed here at EPJ in the past, former Treasury Secretary Larry Summers has been wisely warning about accelerating price...
2 comments:
Friday, May 14, 2021

Janet Yellen Speaks to the Pontifical Academy of Sciences About the Need For Global Corporate Tax Coordination!

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Pope Francis This has to be a first for a United States Treasury Secretary.  During a virtual speech this morning, Treasury Secretary Janet ...
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Council of Economic Advisers Goes Woke and Calls for Massive New Government Control and Spending

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CEA Chairwoman Cecilia Rouse The Biden Administration Council of Economic Advisers has issued a Brief attempting to justify more government ...
3 comments:
Thursday, May 13, 2021

MORE INFLATION: Producer Price Index Soars

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  The just-released latest Producer Price Index shows price inflation at the producer lever for the month of April came in at 0.6% that is a...

Chick-fil-A Limits Sauces per Order Due toTight Supplies

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Chick-fil-A is limiting the number of sauces it gives out per order due to a limited amount of sauces in stock. The fast-food chain said Wed...
1 comment:
Wednesday, May 12, 2021

Tesla Suspends Bitcoin Payments

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Elon Musk announced through Twitter that Tesla has suspended the use of Bitcoin for its vehicle purchases. According to the statement, the c...
3 comments:

Biden Press Secretary: Government Prepared for 'Months or Quarters' of Higher Inflation

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The Biden administration and the Federal Reserve are going to let price inflation rip through the economy. White House Press Secretary Jen P...
1 comment:

BREAKING: Consumer Price Inflation Soars

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  The just-released latest Consumer Price Index shows price inflation for the month of April came in at .8% that is an annualized rate 9.6%....
1 comment:

The Austrian School Is Proved Correct: Money is fundamentally a bottom-up, market driven process rather than a top-down invention of the State.

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 Modern monetary theorists hold the view that money was created by the state.  In   Problems With Modern Monetary Theory: A Comment on Steph...
2 comments:
Tuesday, May 11, 2021

CNBC Warns About Price Inflation, Yes CNBC!

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 It is too strong to hide. Even establishment man Steve Liesman at CNBC is warning about price inflation at 3.9%. And then establishment wom...
9 comments:

Work from Home & Productivity During the Lockdowns

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From a new paper by Michael Gibbs, Friederike Mengel and Christoph Siemroth: Work from Home & Productivity: Evidence from Personnel &...
3 comments:
Monday, May 10, 2021

Gas Stations Start to Run Dry in Southeast U.S. Because of Pipeline Ransomware Shutdown

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The Colonial pipeline shut down because of a ransomware attack is starting to wreak havoc in the southeast where gas station owners have few...