Most common citizens pay little attention to the decisions made by economic central planners. Their focus lies on simpler pleasures like enjoying a warm meatloaf or cold drinks rather than the complex machinations taking place in distant capitals. However, these planners are acutely aware that a discontented populace, on the brink of protest, can be just a few empty stomachs away, leading them to stay ever vigilant.
Among the primary objectives of central planners is the effective orchestration of public sentiment. Despite their often misguided efforts, they persistently aim for focus and intention in this endeavor.
Consider, for example, economic reports featuring impressive tables and charts, including pie graphs, designed to shape public perception. These reports serve as a critical tool, as central planners are well aware that the scientific facade of finance needs to be invoked frequently to maintain credibility.
Statistics, particularly annual projections that showcase an increase in exports alongside a decrease in imports, are vital for upholding the desired narrative. After all, the glaring deficit in America’s international payments may be downplayed if presented through the lens of an “official” report… right? Continue reading
Credit has a notorious way of amplifying an individual’s flaws. Anyone, even the most prudent person, can make questionable decisions when granted unrestricted access to credit. Yet, an average individual with similar unlimited credit is invariably inclined to make regrettable choices.
A few weeks ago, we learned of the unfortunate story of Mike Meru, a seemingly rational individual who, against all odds, amassed over $1 million in student loan debt in pursuit of becoming an orthodontist.
With some quality textbooks and a dedicated self-study plan, Meru could have acquired all the necessary skills for a fraction of that cost. Instead, with the full endorsement of federal loan programs, he opted for the imprudent path.
Yet, Meru is not alone in this predicament. According to the Department of Education, there are currently 101 individuals in the U.S. carrying a staggering million dollars or more in federal student loan debt. Additionally, 2.5 million people owe minimum debts of $100,000. What insights could they have possibly gained that justify such vast expenditure? Continue reading
Is there an enduring trust among Americans toward their government? The answer varies according to whom you consult.
By and large, the confidence that the American public possesses in its government has likely dwindled to a fraction of what it was around 65 years ago. This was the era when Lieutenant General William Kelly Harrison Jr. signed the Korean Armistice Agreement, a time when international respect for the U.S. government was considerably higher than it is today.
Recently, President Donald Trump’s decision to withdraw the U.S. from the Iran nuclear deal and reintroduce sanctions against Iran has caused significant friction, particularly among European leaders with business ties to Iran. European Council President Donald Tusk expressed his frustration, stating, “With friends like that, who needs enemies?” tweeted Tusk.
Indeed, President Trump is often perceived as erratic, a dynamic leader whose passionate decisions can seem impulsive. While he appears driven with purpose, there is often a cold calculation behind his actions. Continue reading
Modern economists often sound alarm bells, likening the situation to shouting “fire” in a crowded theater. The world seems filled with contradictions, and economists find themselves pondering issues like population growth in relation to limited hectares of arable land. They project a linear trajectory of increasing divergence, foreseeing impending disasters.
However, it is beyond human capacity to accurately fit every piece of the economic puzzle together, especially as the pieces constantly shift in size and shape. This is where markets play their crucial role, executing real-time adjustments that prevent chaos.
Generally, markets function quite efficiently. Yet, there are instances, particularly when governments seize control over a nation’s economy or finances, where turmoil ensues. That’s when it becomes imperative to find an exit strategy.
Today, we find ourselves far beyond the fringes of urban life, specifically in Joshua Tree, Southern California’s High Desert. Our journey aims to uncover a rare and vital resource—one that is likely in short supply yet in high demand in our daily lives. Perhaps you, too, are seeking something equally elusive. Continue reading
