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Politics

If Only FTX Could Use the Fed’s Accounting

What happens to businesses when liabilities exceed assets? They go bankrupt, with the spectacular failure of FTX being front-and-center. However, the Federal Reserve is...

12 hours ago

Politics

Who Owns the Gold?

With people calling for an audit of the US gold stores at Fort Knox, perhaps we should remember how that gold got there in...

15 hours ago

Politics

McMaken Talks Gold Reserves on the ‘World Affairs in Context’ Podcast

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16 hours ago

Politics

Back to the Future Morphs into Dystopia

Thanks to the exponential growth of government and regulation, the optimistic society of Back to the Future is fast becoming the dystopian world of Escape from New...

November 2, 2023

Politics

The Objective Science of Subjective Value

While most economists admit that value is subjective, they still err by concentrating on scarcity and choice instead of purposeful action by individuals. Original...

November 1, 2023
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