Month: November 2022

The Bear’s Lair: No to digital dollars, yes to new e-gold

Former Fed Governor Kevin Warsh has published an editorial in the Wall Street Journal expressing support for a digital dollar, lest the United States lose competitive ground to China. Since Warsh is a possible Fed chairman should Republicans gain the Presidency in 2024, his support for a digital dollar is truly alarming, given the civil […]

The Bear’s Lair: Bernanke brought us Bankman-Fried

The collapse of Sam Bankman-Fried’s crypto-currency exchange FTX, resulting in the loss of at least $1 billion of customer money, will be used to demand more regulation of the crypto-currency business. Yet its growth, collapse and the murky web of corrupt connections surrounding it were a product of the decade of “funny money” that has […]

The Bear’s Lair: The 2010s were worse than the 1970s

As we move through the 2020s, the 2010s, the decade between the financial crisis and the COVID outbreak, come into perspective. In terms of monetary, fiscal and regulatory policy in the United States and throughout the rich world, it was extreme, worse than the 1970s in its disregard for free-market first principles. The main difference […]

The Bear’s Lair: Greta reveals her true colors

Greta Thunberg, the Swedish teenage climate change activist, was not invited to attend the 27th United Nations Climate Change Conference, and therefore denounced it, explaining that her true objective was not to battle climate change but to undermine the rotten racist Western capitalist system. Thereby she showed herself in her true colors, which are the […]