Category: Business Columnists

Markets and Private Property, Not Government, Protect the Environment

Commentary  Each century presents its unique set of problems for lovers of freedom, peace, and prosperity. While the great vanguards of liberty in the 20th century dealt with the looming shadow of centralization and were engaged in a battle against socialists and statists who argued for centralization and adjudication of individual liberty for the sake of universal…


A Manufactured World Crisis

Commentary  Few people today ask the most important question about the conflict between Russia and Ukraine. Many people want America to stay out of the fight, but even they don’t ask the vital question. Why does the world face a crisis today? Why has a border dispute between Russia and Ukraine escalated to the point…


The Unfortunate Cure for ‘Inflation’

Commentary  The U.S. federal government’s Bureau of Economic Analysis (BEA) released its final estimates for real GDP in the fourth quarter of 2021. While the headline was practically unchanged from prior releases, there were minor alterations in some of the data details. Those details, though not earth-shattering, they do provide an important window into the…


The West’s Russia Sanctions Show Why States Want to Weaponize the Financial System

Commentary  In the past month, Western nations have allied to wage an economic and technological war against the Russian government and key Russian institutions. These measures included economic sanctions on well-connected Russian oligarchs, Russian banks, and even a U.S. ban of Russian energy imports. Despite Western skepticism of Russian President Vladimir Putin and Russia’s imperialist ambitions, Western nations had previously been comfortable with…


It Didn’t Begin with FDR: Currency Devaluation in the Roman Empire

Commentary  The phenomenon of currency devaluation and its consequences is a process that not only occurred in modern times, but has much deeper roots, going back to antiquity. With the collapse of the Roman Republic, Caesar’s grandnephew Gaius Octavianus, renamed Augustus, rose to power and soon implemented a far-reaching monetary reform for the Roman common market….


Rate Hikes Jeopardize Much More Than Just American Home Ownership

Someone once said that you never actually “buy” a home.  Instead, you merely commit to paying an annuity: the mortgage. That’s largely true. The price and “value” of homes for the overwhelming majority of homeowners is a function of home buyers’ ability to make payments. And with the Federal Reserve signaling further interest rate hikes,…


Silver Stocks Roaring in 2022

Commentary Inflation fears have helped remove some of the tarnish from silver stocks, putting a shine back into precious metal firms. Silver prices surged this month, shooting up from just below $23 an ounce to over $25 an ounce. The move was unusual for silver, which typically follows bullish movements in gold and other precious…


America’s Rare-Earth Elements Conundrum

Commentary The United States is vastly behind the times when it comes to rare-earth elements, and its reluctance to embrace the mining and processing of rare earths has created quite the conundrum. What is rare earth? Often called rare earths, rare-earth minerals, rare-earth metals, and rare-earth elements are the same. The group contains 17 chemical…


Foreign Investors Are Cutting China Exposure

Commentary Are global investors rethinking their allocation to China? Initial data suggests just that—investors are pulling money out of China at a dramatic pace since Russia’s invasion of Ukraine in February. The Institute of International Finance (IIF) noted in a recent report that investors cut their exposure to Chinese stocks and bonds at an “unprecedented”…


History Biggest Bull Market Leaves 80 Percent of Americans Behind

Commentary  Despite the largest bull market in history, 80 percent of Americans struggle with their finances and are unprepared for retirement. Such a reality is a stark difference from the belief that rising asset prices benefit the masses. A year after the COVID-19 pandemic struck the U.S. economy, more than 80 percent of Americans surveyed…