While their government handed out copious financial aid during the COVID-19 pandemic, Americans dutifully spent that money on consumer goods, creating a boom in imports that clogged shipping lanes and docks across the country. Now, those imports are declining as Americans face heightened inflation and declining COVID assistance. Paul Page reports in The Wall Street […]
Cato’s Chris Edwards on Economists’ Predictions
Your Survival Guy’s had the pleasure of speaking with Chris Edwards of the Cato Institute at various benefactor gatherings. This is a good read from Chris per usual. Contrary to the confident‐sounding claims of experts in the media, economists cannot accurately predict the macroeconomy. Economists have an awful record at forecasting inflation, interest rates, gross […]
LNG Tanker Traffic Jam Off Europe as Storage Fills Up
Europe’s natural gas storage facilities are filling up, and tanker traffic jams are building off the continent’s coast with more gas waiting for the inevitable winter demand.
Record Setting Grain Movement by Canadian National Railway
While grain shipments from Europe’s Ukrainian breadbasket are in doubt, the world is looking to see how much can be produced by other areas. Last month, Canadian farmers showed up by delivering enough grain to fill a record number of rail cars on Canadian National Railway’s network. Progressive Railroading reports: CN announced yesterday that October was […]
Poverty, Inequity Is Overstated
Does the “stunning rise in inequity and high levels of poverty that prove the need for a big safety net,” a net provided by the government? The good news is that inequity has been overstated, and “even pillars of the press now acknowledge huge gains in lifting people out of poverty.” Hard to believe there […]
The Threat of a Cashless Society
UPDATE 9.19.22: At FEE, Brad Polumbo explains the dangers of a cashless society, writing: Of course, if a “digital dollar” was just kinda useless, that wouldn’t be the end of the world. But it’s much worse than that. While a central bank digital currency would offer none of the benefits of Bitcoin, it would offer […]
Bezos Forced to Share the Wealth to Keep Employees in the Bidenflation Era
Inflation is wreaking havoc on companies’ payrolls, with strikes and demands for higher pay across America. In an effort to get ahead of the crucial holiday season, and to prevent mass departures of Amazon Prime drivers and other employees, the company is investing $450 million in wage increases and other benefits. Dana Mattioli reports in […]
PAUL: Despite the Fed’s Failures, People Maintain a “Child-like Faith in Central Banking”
Despite over a century of mismanaged boom-and-bust failures by the Federal Reserve, people still maintain what former congressman and presidental candidate, Dr. Ron Paul, calls a “child-like faith in central banking.” He writes at the Ron Paul Institute (abridged): It is amazing that more individuals do not question the idea that inflation, recessions, unemployment, and booms […]
Avoiding Biden Chaos!
Union Pacific is trying to solve the supply chain problems of the Biden era by adding more rail cars to its network to support customers. Rail News reports: With its volumes up 2% so far this quarter, Union Pacific Railroad has pulled nearly 3,000 of its own rail cars out of storage to begin adding unit trainsets […]
2.5 YEARS LATER: Economy Recovers Jobs Lost in Democrat Lockdowns
Remember when blue states destroyed the nation’s economy by shutting down every business possible beginning in March 2020? Now, two and a half years later, the economy has recovered the jobs it lost in those shutdowns, and Democrats want to take credit for “job growth.” Most Americans aren’t falling for it. The Wall Street Journal […]
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