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The Inconvenient Truth Behind Donald Trump's Victory. Submitted by Paul Lebowitz via RealInvestmentAdvice.com,

The Inconvenient Truth Behind Donald Trump's Victory

Catholics and Libertarian Economics: A Reply to Samuel Gregg. 3 Simple Charts That Help Explain Why 9,000 Businesses Have Left California In Just 7 Years. We recently came across some simple charts from the Tax Foundation that simply and effectively illustrate why businesses are fleeing states like California by the 1,000s.

3 Simple Charts That Help Explain Why 9,000 Businesses Have Left California In Just 7 Years

In the first chart, the Tax Foundation presents data from The Bureau of Economic Analysis to compare purchasing power of $100 depending which state you live in. Ironically, the map turned out to look eerily similar to recent electoral college maps of Presidential elections with the Democrat-leaning northeast and west coast areas getting less bang for their buck compared to the southeast and mid-west.

Could it be that rather than voting their desires to cling to "guns and religion," to quote President Obama, that Americans in the southeast and mid-west are actually voting to preserve a higher standard of life that doesn't require them to spend $2mm on an 800 square foot apartment? Consumer Prices Have Soared 160% Since 2001. Our real-world experience tells us the official inflation rate doesn't reflect the actual cost increases of everything from burritos to healthcare.

Consumer Prices Have Soared 160% Since 2001

The Federal Reserve's Grand Scheme Exposed (In 1 Simple Chart) For 138 years, consumer prices in America slightly declined.

The Federal Reserve's Grand Scheme Exposed (In 1 Simple Chart)

After The Federal Reserve was created, things changed... Center for Strategic and International Studies. When Narratives Go Bad. A fable for our times, the ultimate disposition of extraordinary monetary policy.

When Narratives Go Bad

Bad news is good news until bad news is all we know. Global growth is the wife. The idea of negative interest rates strikes many people as odd. Economists are less put off by it. … The anxiety about negative interest rates seen recently in the media and in markets seems to me to be overdone. Logically, when short-term rates have been cut to zero, modestly negative rates seem a natural continuation; there is no clear discontinuity in the economic and financial effects of, say, a 0.1 percent interest rate and a -0.1 percent rate. – Former Fed Chair Ben Bernanke, "What Tools Does the Fed Have Left?” Bernanke is right – economists are not put off by the idea of negative rates. Scathing New Report Shows Just How Bankrupt Social Security Really Is. Submitted by Simon Black via SovereignMan.com, Last week, a group of analysts published an astonishing report about the future of Social Security in the United States, and their remarks were nothing short of damning.

Scathing New Report Shows Just How Bankrupt Social Security Really Is

This Was Obvious in 2010 and Stated Explicitly Last March - The Euro, Stick a Fork In it, Its Just About Done! So, Brexit.

This Was Obvious in 2010 and Stated Explicitly Last March - The Euro, Stick a Fork In it, Its Just About Done!

And... Czexit, Pexit, Frexit as EU referendum CONTAGION sweeps Europe amid political quake. Go to 5:38 and you will see I predicted this day exactly 3 months ago. We Optimize What We Measure. Rather than measure consumption and metrics that incentivize debt, what if we measure well-being and opportunities offered in our communities?

We Optimize What We Measure

The problems we face cannot be fixed with policy tweaks and minor reforms.Yet policy tweaks and minor reforms are all we can manage when the pie is shrinking and every vested interest is fighting to maintain their share of the pie. Our failure stems from a much deeper problem: we optimize what we measure. The Source of Failure: We Optimize What We Measure. Submitted by Charles Hugh-Smith of OfTwoMinds blog, Rather than measure consumption and metrics that incentivize debt, what if we measure well-being and opportunities offered in our communities?

The Source of Failure: We Optimize What We Measure

The problems we face cannot be fixed with policy tweaks and minor reforms. Usury FAQ, or, money on the Pill. “Are we not ashamed to pay usury?

Usury FAQ, or, money on the Pill

Not contented within the limits of our own means, we do by giving pledges and entering into contracts, fabricate the yoke of our slavery.” – Plutarch Some of my usury sources. Sam Gregg of ACTON on medieval distinctions about usury and legitimate forms of money-lending. How Medieval Monks Changed the Face of BankingGiven that he was a member of the famously ascetic Franciscan order with his own reputation for detachment from worldly things, St. Bernardine of Siena (1380-1444) was remarkably insightful about money. [And about certain immoral acts, too. And he wasn’t shy about preaching about them. Also, note that Franciscans are friars, not monks.]Understandably, most people are surprised to learn that some of the important intellectual developments that first enabled finance to become an engine of growth were made by men like Bernardine who had, for the most part, freely taken vows of poverty.Like all medieval clergy, Bernardine fiercely opposed usury. 101 YEARS OF THE INCOME TAX.

The School of Salamanca (Grice Hutchinson) INFOGRAPHIC: Keynesian vs. Austrian Economics. <img src=” width=”540″></p><br /><br /><br /><br /><br /><p>Austrian vs. Keynesian Economics by <a href=” Austrian Insider</a></p><br /><br /><br /><br /><br /><p> Printable versions now available! Large 2839 x 3664 Version for Detailed Printing (8.5MB)Large 3076 x 3970 Version with Slight Border (for prints with border required – 9MB)Small 612 x 790 Version for Easier Printing (717kB) There has been an unsettled debate among economists for a century now of whether government intervention is beneficial to an economy. Visualizing The Greatest Economic Collapses In History. The very first major economic collapse in recorded history occurred in 218-202 BC when the Roman Empire experienced money troubles after the Second Punic War. As a result, bronze and silver currencies were devalued. The Catholic and the Modern Loss of Purpose - Ethika Politika.

All peoples have an implicit understanding of themselves, an understanding based largely on their perceived place in human history. Americans generally see themselves as heirs to a process of political liberation that reached a high point in the founding documents of our regime, the Declaration of Independence and the Constitution. Some Americans celebrate in addition economic liberation, the triumph of market economics, while others look to sexual liberation as the new frontier. But whatever kind of liberation we prefer, it is through this story of the march of freedom that we understand ourselves as a people. But the Catholic Church also has a story, a story that is played out not merely in salvation history as recorded in Sacred Scripture, but in the subsequent life of the Church and of Catholic civilization.

And this story is very different from the narrative of liberation from the dead hand of the past, whether political, economic, or sexual. There Goes The Final Pillar Of The US "Recovery": The Loan-Growth Paradox Explained. Usury and Titles to Interest. Federal Spending: Where Does the Money Go. Shadow Government Statistics - Analysis Behind and Beyond Government Economic Reporting. Chinese Devaluation Extends To 3rd Day - Yuan Hits 4 Year Low, Japan Escalates Currency Race-To-The-Bottom Rhetoric. Global Research - Centre for Research on Globalization. China’s Record Dumping Of US Treasuries Leaves Goldman Speechless. On Friday, alongside China’s announcement that it had bought over 600 tons of gold in “one month”, the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion.

Risk Experts Who Predicted 2008 Financial Crash Believe GMOs To Be Riskier Than 2008 Crash. What's Wrong with Weapons Acquisitions? 38 maps that explain the global economy. Contra Acton – A Sampling. Redistributing from Capitalists to Workers: An Impossibility Theorem. There's an old story about a mathematician asking Paul Samuelson for one idea in economics that was simultaneously true and not obvious.

Leopold Kohr: Prophet of a Coming Decentralization? The Scholastics, Usury, and Foreign Exchange. The Major Contributions of the Scholastics to Economics. Misunderstanding Subsidiarity - The Catholic ThingThe Catholic Thing. A short time ago, I wrote in these pages remarking why invoking subsidiarity in the healthcare debate is problematic.

A Quick Economics Lesson. The Economics of Obamacare (Part 3): Understanding the Lessons of Medicare. The Economics of Obamacare (Part 1): The Implications for Health Care Investing. The Economics of Obamacare (Part 2): Analyzing the U.S. Health Insurance System. FUNDAMENTOS DE ECONOMIA: LA ESCOLASTICA. Las principales contribuciones de la escolástica a la economía. Daily. Why Does Fiat Money Seemingly Work? Economic Law and Catholic Social Doctrine, Part One. The liquidity timebomb - monetary policies have created a dangerous paradox. Use Values and Corn Laws, Aristotelian Marxists and High Tories. $5 Trillion Price Tag for Public Pensions. Let Them Eat Diversity.