The Third Industrial Revolution – Red China’s “Leninist Capitalism” Raised Almost a Billion of the World’s People Out of Extreme Poverty

China’s now long-standing economic boom has significantly raised the living standards of nearly a quarter of the world’s population. It has brought hundreds of millions of people out of extreme poverty. It doesn’t matter whether you are a panda-hugging globalist, or a Sinophobic American nationalist, China must have the accolades it deserves for this remarkable … Read more

The Problem of the FED

The Pro-log – The Banking Panic of 1907: The Bank Panic of 1907 was a short-lived banking and financial crisis in New York City and along the US Eastern seaboard. It occurred during the rising tide of progressivism, at the beginning of the twentieth century. The banking panic resulted from the collapse of highly-leveraged speculative … Read more

What Lenin Got Right

In 1916 Vladimir Lenin wrote his book Imperialism, the Highest Stage of Capitalism. In that book he asserts that successful and competitive capitalist enterprises work hard to become monopolies in their market areas. They each want to be the last man standing in their sector of the market. Of course, Lenin wrote that book as … Read more

Financial Zombiism

In ancient Israel the sabbatical year (ever 7th year) was not only a year of allowing fields to be left fallow, it was also a year of debt forgiveness(Deuteronomy 15:1-2). In China the ancient tradition of repaying debts before the Chinese New Year stems from the belief that starting the new year free of financial … Read more

Criminal Globalist Traitors

Virtue Signaling is Far More Common than Virtuous Behavior Is Our most core and basic nature is self-interest. This is the nature we are all born with. Every baby cries to be fed or changed. One of the first words we all learn as infants is “MINE!” On the other hand, sharing is an unnatural, … Read more

The Fallacy of Self-Regulating “Free” Markets

Polanyi Disputed Conventional Wisdom Polanyi famously asserted that: “The victory of fascism was made practically unavoidable by the liberals’ obstruction of any reform involving planning, regulation or control.” The Hungarian intellectual Karl Paul Polanyi (1886 to 1964) was an Austro-Hungarian economic anthropologist and politician, who was raised in Budapest, Hungary by his affluent German-speaking Jewish … Read more

The Economic Crime Scene of the National Budget

The US taxpayer ultimately has to pay the bill incurred by bad government. Main Street has to pay the bills left behind on Pennsylvania Avenue. The ancient Greek legend of Sisyphus is on one level an allegory of the sad slavery of the American taxpayer. Deficit spending and massive corruption are the two ingredients found … Read more

Mismanaged Financial Panics

Walter Bagehot was a mid-Victorian era journalist in Britain who married the eldest daughter of James Wilson, the founder of The Economist magazine. When Mr. Wilson died in 1860, Walter became the editor in chief of The Economist.  Over the next 17 years that he held that position, he transformed the journal into one of … Read more

What Karl Marx Got Right

During the 18th century, the higher efficiency of the nascent factory system made the previously revolutionary cottage industry production system less efficient and therefore newly uncompetitive. As a result the cottage industry system lost its commercial viability and gradually began to fail economically. The combination of the decline of cottage industries and the rise of … Read more