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Good News!

The Carl Menger Center has received notice from the IRS that we are now officially tax-exempt under Section 501(c)(3) of the Internal Revenue Code. All donations from February 5, 2014 onward are tax deductible to the fullest extent of the law. We appreciate any and all assistance we receive to help spread the message of…

The Failure of Abenomics

ShinzoAbeWho could possibly have predicted that a massive increase in money creation, increased government spending, and a higher national sales tax would fail to stimulate economic growth? Only someone with a shred of sanity, that’s who. That anyone still takes seriously the crank economic theories that continue to masquerade as mainstream economics, even after the continued failures of central banks and their economic planning, is mind-blowing. And yet there are still some people who cling to the notion that these policies fail because they are not being implemented quickly enough. More easy money! More government spending! More taxes! Damn the torpedoes, full speed ahead!

Inflation Expectations Rising?

According to Reuters, investors are beginning to pour more money into Treasury Inflation-Protected Securities (TIPS). These are special Treasury bonds that are designed to protect investors against inflation risk. Granted, part of the reason for the increase could be that in the current zero interest rate environment there is a constant search for greater yield,…

Dear Mrs. Yellen: Get A Real Job

This past weekend saw the Federal Reserve’s annual Jackson Hole summit take place, an event sponsored by the Kansas City Fed that draws top Fed officials along with the world’s top central bankers. It has become a central bank retreat of sorts, an opportunity for the central banking elites to meet and talk in relative…

Punished for the Sins of Our Fathers

Punished for the Sins of Our Fathers A news report a little over a week ago mentioned a woman who tried to travel to the Philippines with $40,000 in cash hidden on and about her person. Whether she knew it or not, it is a crime to transport more than $10,000 of monetary instruments into…

The Perfect Banking System

The perfect banking system, like the perfect monetary system, is one which serves the needs of consumers and savers, and not the needs of the government. It is a system in which entrants are free to enter and leave the market with a minimum of restrictions, and in which no banks are bailed out. Almost…

Russia and FATCA

Following on Ron Paul’s column on Russian sanctions and the dollar, we highlight for you a recent article written by James George Jatras, a former US diplomat and US Senate staffer. His article mentions the efforts taken by Russia to de-dollarize, but focuses on Russia’s recent passage of a law to comply with FATCA (Foreign…