News Analysis

Testimonials
  • SOURCES YOU CAN TRUST

    The Daily Bell should be on everyone's shortlist of news sources you can trust. It's on mine, and we often refer to it in our own weekly news service at The Reality Zone.

    G. Edward Griffin
    Author, Founder of Freedom Force International

  • INDEPENDENT

    Get outside the box with The Daily Bell and experience independent views.

    Paul Craig Roberts
    Author, Former Assistant Secretary of the Treasury in the Reagan Administration

  • GREAT JOB, DAILY BELL

    I can say that, unlike the mainstream press, The Daily Bell knows the questions to ask and has the chutzpah to ask them. They realize that socialism and Keynesianism are wrecking the world and they are helping to save what is left of liberty and free markets.

    Richard J. Maybury
    Author, Editor of U.S. & World Early Warning Report

  • A MUST-READ FOR EVERYONE

    The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.

    Dr. Thomas DiLorenzo
    Professor of Economics, Loyola University Maryland

  • FANTASTIC SOURCE

    The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.

    Dr. Joel Wade
    Author, Psychotherapist and Life Coach

  • AHEAD OF THE CURVE

    The Daily Bell has come out of nowhere to introduce to the Internet community some of the most intriguing and proactive interviews there are out there. Let's hear it for creativity and being ahead of the curve.

    Bill Murphy
    Chairman of Gold Anti-Trust Action Committee

  • THE DAILY BELL IS A MUST-READ

    Because the world is changing so rapidly, it is difficult to keep up, which means The Daily Bell is a must read. I consider the information critically important reading.

    Dave Morgan
    Author, Editor of Silver-Investor.com

  • TRUTH AT WORK

    There are very few publications out there that have the smarts and guts to tell the truth about the dictatorial forces at work destroying our civilization. Thankfully The Daily Bell is one of them, and it appears in the mailbox every day.

    Nelson Hultberg
    Author, Director of Americans for a Free Republic

  • RECOMMENDED READING

    For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.

    Michael A. Cremo
    Author, Vedic Archeologist

  • EXCELLENT ANALYSIS

    The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.

    Peter Schiff
    Chairman and Chief Executive Officer, Euro Pacific Capital

  • GREAT THINKERS YOU CAN'T GET ANYWHERE ELSE

    The Daily Bell has revived that great old institution of the personal interview, extracting information from today's great thinkers you can't get anywhere else. Outstanding!

    Jeffrey Tucker
    Author, Executive Editor of Laissez Faire Books

  • CUTTING EDGE ANALYSIS

    At a time when growing majorities worldwide are tuning out mainstream news, people are seeking the cutting edge, insightful and thought provoking analysis that The Daily Bell consistently provides.

    Gerald Celente
    Bestselling Author, Founder of the Trends Research Institute

  • PART OF MY DAILY NEWS DIET

    I read it every day!

    Jim Rogers
    Bestselling Author, Co-founder of the Quantum Fund

  • COURAGEOUS REPORTING

    There is no other publication in print or on the Internet like The Daily Bell. They have the courage to report the truth and analyze current foreign policy, politics and economic events in the context of a formerly hidden history of financial elites.

    Ron Holland
    Author & Monetary Analyst

  • VERY INFORMATIVE

    I read The Daily Bell every day and I find it very informative.

    Marc Faber
    Dr. Marc Faber, Author, Publisher of The Gloom Boom & Doom Report

  • REFRESHING

    I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.

    Bill Bonner
    Bestselling Author, Founder of Agora Publishing

  • INSIGHT YOU CANNOT IGNORE

    The Daily Bell provides unique insights on contemporary political, economic and social problems that can be found in such a concentrated form nowhere else. Whether one agrees or disagrees with it, one cannot afford to ignore it.

    Dr. Edwin Vieira
    Author and Constitutional Expert

  • SIMPLY TERRIFIC

    The Daily Bell does a remarkable job of exposing how money power uses central banking to crush people into submission via global government with economic and political slavery being the desired end result.

    John Browne
    Former Secretary of the Conservative Defense and Finance Committees, UK Parliament

  • INTELLECTUAL JOLT

    Sit down to read from The Daily Bell and experience a jolt of intellectual energy.

    Dr. Nathaniel Branden
    Psychotherapist, Bestselling Author

  • CONSISTENTLY SOLID

    The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.

    Dr. Tibor Machan
    Author and Philosopher

  • A LEADING LIGHT

    The future is created by the people who build it, not the people who predict it will not exist. You can meet lots of important builders by reading The Daily Bell.

    Catherine Austin Fitts
    Former Assistant Secretary of Housing and Federal Housing Commissioner

  • SEPARATES WHEAT FROM CHAFF

    The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.

    Dr. Antal Fekete
    Author, Educator and Monetary Scientist

  • VOICE OF REASON

    I have thoroughly enjoyed the analysis and interviews at The Daily Bell, which has so often been a voice of reason during these perilous times

    Dr. Thomas Woods Jr.
    NY Times Bestselling Author & Senior Fellow, Mises Institute

  • THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS

    I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.

    Doug Casey
    Bestselling Author and Founder of Casey Research Group

  • POWERFUL INSIGHTS

    I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.

    Lord William Rees-Mogg
    Author, Former Deputy Editor, Financial Times

  • NEVER MISS AN ISSUE

    I love the Daily Bell. Every issue is principled and informative.

    Lew Rockwell
    Founder of the Mises Institute

  • GREAT INVESTMENT INFORMATION

    I love reading The Daily Bell! Interesting investment information, a political and social viewpoint that lets me know I'm not alone in the world and "annotated" with analysis. I highly recommend it to all interested readers.

    Rick Rule
    Founder of Global Resource Investments Inc.

  • INDISPENSABLE INFORMATION

    The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.

    Dr. Grant Havers
    Chair, Department of Philosophy, Trinity Western University

  • EXCELLENT RESEARCH

    I really enjoy reading The Daily Bell for the excellent research and content provided on a wide variety of issues vital to the Freedom Movement.

    Dr. Mark Skousen
    Author & Founder of FreedomFest

  • ESSENTIAL READING

    Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.

    Steve Forbes
    Chairman and Chief Executive Officer of Forbes Media

  • PROFOUND AND PROVOCATIVE

    Every day, I rely on the Daily Bell for a different perspective you'll never find in the regular media. It's an analysis and timely insight that is profound and provocative.

    Craig Huey
    Author, Small Business Owner

  • MESSAGES OF TRUTH

    The Daily Bell website is one of the authentic voices cutting through the clouds of vapid opinion, the morass of mediocre media and the confusion of Orwellian doublespeak. The Bell website lives up to its name, ringing unheard messages of truth in our ears.

    Jeffrey Armstrong
    Award-winning Author, Vedic Philosopher

  • GUTS, OBJECTIVITY, WISDOM

    Rarely does a publication have the guts and objectivity to tell it like it is, yet the eloquence and wisdom to listen carefully to the ‘other side.’ This is The Daily Bell accomplishing its daily mission.

    James Jaeger
    Telly Award-winning Filmmaker

  • EXCELLENT PERSPECTIVE

    The Daily Bell affords an excellent alternative perspective on some of the noise and nonsense of mainstream media. In particular, I enjoy reading Anthony Wile's 'free-market analysis' on current subjects and articles. Very insightful.

    Frank R. Suess
    Chairman & CEO of BFI Capital Group Inc.

  • PREMIER FREE-MARKET ANALYSIS

    The Daily Bell rings out for liberty every day. It is the premier online source for insightful and hard-hitting free-market analysis and interpretation of economic, political and business events.

    Dr. Richard Ebeling
    Author, Professor of Economics at Northwood University

  • OUT OF THE DARK

    The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.

    John Perkins
    Bestselling Author

  • A VIRTUAL WHO'S WHO

    The good and the bad, the big dogs and the small, the thinkers and the doers among libertarians and on the "Right" – you can encounter them all in The Daily Bell's exclusive weekly interviews. Indispensable.

    Dr. Hans Herman-Hoppe
    Author, Economist and Libertarian Philosopher

  • READ IT EVERY DAY

    A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel global misinformation. Read The Daily Bell – every day!

    Charles Payne
    FOX Business Analyst

  • AWE INSPIRING

    The Daily Bell is one of the most innovative and in-depth websites on the Internet. The breadth of the content is awe inspiring and the amount of knowledge imparted is almost impossible to quantify. For me, as a liberty minded seeker of knowledge, it is a must read.

    Jeff Berwick
    Founder of DollarVigilante.com

  • INFORMATIVE SOURCE OF INFORMATION

    The Daily Bell is an informative source of information and commentary from leading figures in the liberty movement. It's a pleasure to be interviewed alongside far more notable individuals.

    Alexander McCobin
    Executive Director of Students for Liberty

 

Subscribe now to start your FREE email subscription to:

The Daily Bell Newswire

By subscribing, I confirm that I have read the privacy policy and the terms of use policy in its entirety and I understand and accept these terms.

 

 
Mises Has Won

Even the tepid post-2008 recovery has not been what it was cracked up to be, especially with respect to the Wall Street presumption that the American consumer would once again function as the engine of GDP growth. It goes without saying, in fact, that the precarious plight of the Main Street consumer has been obfuscated by the manner in which the state's unprecedented fiscal and monetary medications have distorted the incoming data and economic narrative. These distortions implicate all rungs of the economic ladder, but are especially egregious with respect to the prosperous classes. In fact, a wealth-effects driven mini-boom in upper-end consumption has contributed immensely to the impression that average consumers are clawing their way back to pre-crisis spending habits. This is not remotely true. – Excerpt from THE GREAT DEFORMATION: The Corruption of Capitalism in America by David A. Stockman posted at Mises.org.

Dominant Social Theme: The US recovery is well underway and the pessimists are wrong. Keynes was correct, as always.

Free-Market Analysis: No ... the greatest of all modern, libertarian thinkers, Ludwig von Mises, has won. The reputation of sycophantic socialist John Maynard Keynes lies in ruins (among those who understand, anyway) and the long debate that began back in the 1930s is likely settled, at least from a historical standpoint.

At the time, in the later 1930s, the controlled, Western mainstream press gave the garland to Keynes, who was said to have swept the field. His main opponent, Mises's student F.A. Hayek, was later given the faux "Nobel" prize in economics as a consolation for waging a good but failing fight. Hayek was no Mises, unfortunately, though a brilliant man nonetheless.

Mises never compromised, or hardly, anyway. For an academic he was remarkably staunch. He believed in freedom. His book Socialism makes the case that once society starts down the road of wealth distribution via government force the conclusion is inevitably disaster. At the time it was not well received but history has borne him out.

Disaster has overtaken the world. One can argue whether it is by design, to generate the implacable necessity for world currency, or merely merciless entropy. The result is unarguable: poverty, authoritarianism, war and increasing chaos.

The old order no longer stands, or at least not nearly so erectly as in the recent past. The verities – what we call dominant social themes – that have been peddled with such great success for the past century are increasingly questioned. People are scared but they often recognize their manipulation.

The Internet itself, like the Gutenberg Press before it, has created a social upheaval that is only going to grow over time. The Internet Reformation, as we often point out, is a process not an episode. The old order (whether one remains nostalgic or not) cannot easily oppose it.

Today comes more evidence (as if more was needed) with the recent publication of an excerpt of David Stockman's book, The Great Deformation, in the New York Times. This is the punctuation to a sentence that has been composed for over a decade; it began with the tech bubble and crash, continued with the gradual rise of the housing bubble and its crash and was completed by the resultant worldwide financial crisis.

It is no coincidence that a further excerpt of his book appears over at the famous Mises Institute itself. Whether intentional or not, this publication in this place reminds us of how the world has changed.

Only 20 years ago, as one opponent famously put it, free-market thinkers led by Llewellyn Rockwell fit into a space the size of a "phone booth." Today, thanks to the Internet, Mises is cited in various media nearly as often – or even more often than – Keynes.

Mises is still not taught in mainstream universities that cannot in aggregate abide the notion that forecasting is inevitably doomed to failure thanks to "human action" and that mathematical economics (econometrics) is bunk.

Those who yet oppose these clear and factual verities launch salvo after salvo against freedom and free-market thinking but with less and less effect. The most recent and devious of all has been the resurgence of Greenbackerism with its notion that if government redistributes monopoly fiat currency then "the people" will be in control and benefit accordingly.

This quack-ism, buttressed by the quasi-fascist/redistributionist notions of Silvio Gesell and Major Douglas, has been desperately deployed throughout the web in an effort to blunt the progress of free-market economics. United Nations functionaries like Margrit Kennedy and her husband have been deployed to create an upsurge of support for various kinds of LETS money – sophistic systems that are not only inefficient but demand documentation of each transaction, a government agent's dream. Bitcoin has some of the same defects.

Thanks to the notable work of Gary North and others (including ourselves) who have raised their voices against such promotions – pointing out such monetary philosophies came briefly to fruition in Hitler's Germany – the benefits of government monopoly money have been debunked; the resurgent argument may already have seen its high-water mark.

Of course, this is not to the satisfaction of those who promote such fictions, often wrapping them in faux religiosity and surreptitious neo-Nazism. Yet deservedly, these evidently-paid apologists of globalism, without conscience or remorse, are seemingly in retreat now. We note the apparent creation of bought-and-paid-for websites has diminished along with the eruption of fury against those who have the presumption to discuss freedom.

No doubt, the effort will continue to be made. Paid agents work for a paycheck. Their paymasters must maintain the centralization of money creation, knowing that they can control it whether it is a "private" or "public" facility. There is, unfortunately, only one way to create an effective money, one supporting a prosperous society; that is via monetary competition, a competition that likely includes previous winners, including gold and silver.

That is not what we have now. In fact, what has surely played out in this past century is in a sense "directed history" establishing first a central banking network and then a plague of worldwide fiat currencies. It is a system that is ruinous, indefensible and ultimately unsustainable.

And that is why Stockman is getting a hearing. One hundred years ago, the powers-that-be could claim that economic management – fixing the price and value of money – was a workable and even hopeful concept. Today they cannot.

The rationale for monopoly central banking has died. Price fixing once again provides clear evidence that it does not work. Mises knew it. Stockman knows it and because he is an important voice and a political figure, his apostasy is generating a great deal of rage and indignation. We have documented one such counterattack here: The Most Incredible Sophistry.  

The publication of Stockman's work first in The New York Times and then at Mises is a notable event. These "bookend" a culture war that is now tipping in the direction of freedom.

The forces of monetary repression are in retreat and have evidently decided that the best way to deal with the failing meme of central banking is to emphasize the rise of Asia and the nascent imposition of a state-run gold standard. We are on record as indicating our skepticism regarding these gambits.

Conclusion

Enough people simply don't believe the hype anymore and US exceptionalism, despite many attacks over more than two centuries, still stands. The 21st century is not the 20th and more and more people will realize this as the next decades unfold.

Rate this article:

Total Ratings: 0 - Average Rating: 0.0

Books by Anthony Wile
Financial
Freedom

The High Alert Way to Discover Winning and Profitable Investment Ideas

Free Download

The Best of
Anthony Wile

Select Editorials & Exclusive Interviews As featured at TheDailyBell.com

Free Download

High
Alert

How the Internet Reformation is causing a financial hurricane - and how to profit from it

Free Download

The Liberation
of Flockhead

A modest, monetary fable

Free Download

Who We Are

The Daily Bell is published by a dedicated team of experienced researchers and writers who utilize Anthony Wile’s VESTS model to analyze sociopolitical, economic and financial information from a free-market perspective, debunking mainstream media memes and providing insights and analysis derived from business cycle analysis that yield timely insights into profitable investment trends.

 
Sign Up for our FREE Newsletter

Subscribe now to start your FREE email subscription to
The Daily Bell Newswire.