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[cresta-social-share] The buzzword “fake news” has popped into the popular lexicon in recent weeks. We’ve been using that term for years, though, when referring to the mainstream media. While poll numbers show that about 9 out of 10 people don’t trust the information they get from the mainstream media, they likely still have no idea…

[cresta-social-share] Many people seem to think Trump is going to “fix” the US by invoking the isolationist, nationalist, and oft failed economic policy of protectionism. But, as Ludwig von Mises put it in Nation, State and Economy, “From the purely economic point of view nothing speaks against free trade and everything against protectionism.” In other…

[cresta-social-share] In the wake of the Italian referendum results and Matteo Renzi’s subsequent resignation, the level of uncertainty in Italy continues to grow both inside the country and among foreign investors. As many expected, Banco Monte dei Paschi’s shares fell sharply on the news of Renzi’s defeat. And markets reacted in risk off fashion much…

[cresta-social-share] During the Democratic primary, Bernie Sanders demanded that Hillary Clinton release transcripts of speeches she made to Wall Street’s top banks, including Goldman Sachs. Her detractors claimed that a Clinton nomination as the democratic presidential candidate would be a win for Wall Street. While Donald Trump was campaigning he promised to “drain the swamp”…

[cresta-social-share] When Nobel Peace Prize winner, Barack O’Bomber, was sworn into office on January 20, 2009, the national debt was $10.62 trillion. The United States currently has a national debt total of over $19.9 Trillion according to the US national debt clock as of the writing of this blog. That’s an astonishing 87% increase in…