There is an interesting post by Jeffrey Tucker on the Mises Institute of Canada about the ongoing “crisis of capitalism”. If one is talking about the current world economic order, then there is indeed a crisis going on, but it all depends on how you define the word “capitalism”. Jeffrey writes, “What’s most interesting is [...]
Tag Archives | Central bank
The Bank of Canada Stays Put on Low Interest Rates
For the 10th time in a row, the Bank of Canada has decided to stay put on interest rates. This is a good move for those who decided to go variable a couple years back instead of a rip-off five-year fixed. It’s not such good news for savers and people on fixed incomes. One of the [...]
Did Germany Just Screw over the Rest of the World?
So, once again, central banks coordinated to “save the world”. Or, did they? Martin Sibileau, writing at the Mises Institute of Canada, shares these thoughts: “Rather than liquidate those banks that were forced to hold sovereign debt (yes, forced!), generating a formidable credit crunch, the big global banks that had these unfortunate banks as counterparties, [...]
What is the True Value of Gold?
Yes, I Am Cheap has an interesting post about the true value of gold. In this article, the author asserts that gold is only worth “what the next person will pay for it. Unlike medicine, or technology, or services – which possess within themselves a measure of value that is nearly impossible to alter – [...]
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