American Institute for Economic Research - AIER

“When institutional investors vote to destroy the wealth of Chevron, they vote to destroy the dreams of single mothers in Wisconsin, pensioners in California, and small business owners in Nebraska.” ~ Jeremy Kidd https://lnkd.in/e47HiXM5

“Milei ’s lack of political support in Congress adds to the uncertainty surrounding his ability to successfully pass deregulatory reforms… it is premature to declare victory on the fiscal and inflationary fronts in #Argentina.” ~ Nicolas Cachanosky Is Argentine Disinflation Sustainable? ➡️ https://lnkd.in/e6_DfsQt.

America's debt-to-GDP ratio is approaching 180%, raising concerns about the economy's future. Despite having a debt-to-GDP ratio exceeding 250%, #Japan has not had an inflationary crisis. What should America learn from this? In this episode, host Veronique de Rugy and David L. Bahnsen explore Japan's historical economic landscape and what we can learn from it ➡️ https://lnkd.in/euBFbPSj. #Inflation #USEconomy #GDP

“Tax revenues are harvested from private citizens by means of coercion and extractive measures… Paying taxes to remain free of incarceration or not face withering financial penalties is hardly indicative of cooperative exchange. ” ~ Thomas Savidge and Peter C. Earle Take the Government Out of GDP: https://lnkd.in/erdWN8Q6.

“Stranded energy and unused electricity are magnets for #Bitcoin miners, as they take electricity that can’t readily be used for other purposes and turn it into one of the world’s most liquid and globally transferable assets.” ~ Joakim Book Read here: https://lnkd.in/epyZh43t.

Looking to learn more about Stablecoins, anti-money laundering (AML) and know-your-customer (KYC) regulations, central bank digital currencies (CBDCs), or the SEC's treatment of cryptocurrency? This briefing is for you. Featuring speakers such as Thomas Hogan, Caitlin Long, Prof. J.W. Verret, JD, CPA/CFF, CFE, CVA, and moderated by Grant McCarty of the Bitcoin Policy Institute. Register here ➡️ https://lnkd.in/eYbFAZdp. #Cryptocurency #CBDC

With the U.S. debt-to-GDP ratio approaching 180%, Americans are getting increasingly concerned about the future of our economy. Strangely, however, Japan’s debt-to-GDP ratio is over 250%, and it has not seen any inflationary crisis so far. What does this mean, and what should the takeaway be for America? In part two of his interview with host Veronique de Rugy, David L. Bahnsen delves deeper into Japan’s historical economic landscape and what we can learn from it. Listen here ➡️ https://lnkd.in/euBFbPSj.

“Even the most faithfully implemented commodity-backed money standard is fundamentally predicated on the integrity and competence of its overseers.” The New Zimbabwean ZiG: Sixth Time a Charm? https://lnkd.in/ezXnjesi. Analysis by Peter C. Earle

In less than a week the new Zimbabwean currency, the Zimbabwe Gold (ZiG), will begin trading. Although nominally backed by gold and other resources, fundamental reforms are imperative for the nation to avoid a sixth spectacular monetary implosion. "...On April 30, 2024, RTGS units will be exchangeable for ZiG as the new coins and bills begin circulating. RBZ Governor John Mushayavanhu has announced the initial exchange rate for the ZiG at 13.56 per US dollar, with subsequent rates to be determined through interbank markets. Hopes for the success of the ZiG are underpinned by a reputed $185 million worth of gold and other reserves backing it. There are practical hurdles, though. The sustainability of a gold-backed currency like ZiG is uncertain considering the limited extent of Zimbabwe’s physical gold reserves relative to the desired exchange rate. Moreover, the absence of concurrent measures from its trading partners leaves the new currency susceptible to fluctuations in gold prices. Black markets, which speak truth to a fault, are registering doubt. And investors in the Zimbabwe Stock Exchange in Harare have made no secret whatsoever about their cynicism, sending stock prices down 99 percent in several hours after the ZiG announcement... ...Dissipated Zimbabwean cash is thumbtacked to many a bulletin board, and fetches many more US dollars in exchange on eBay than it ever did in its circulatory prime. The trinketization of that money, however, has come at great human cost. According to the US Agency for International Development, a staggering 63 percent of Zimbabwean households endure poverty, with one in eight experiencing extreme deprivation. That juxtaposes with the nation’s abundant mineral resources, spanning over 40 distinct minerals: platinum group metals, gold, coal, lithium, and diamonds among others. Despite that potential wealth, the realization of economic advancement remains contingent upon substantive political reforms. Even the most faithfully implemented commodity-backed money standard is fundamentally predicated on the integrity and competence of its overseers. Successive waves of spectacular currency destruction speak to a deeper illness in economic and political institutions, strongly alluding to systemic vulnerabilities. One hopes, for the sake of the long-suffering citizens of Zimbabwe, that this time around the result of yet another monetary reconstitution is successful, fostering a stable general price level, a reliable monetary unit for saving and spending, and enhanced possibilities for economic calculation. Without fundamental changes guaranteeing private property protection, pro-market reforms, and safeguards against corruption, though, the ZiG is likely to retrace the unfortunate steps of its predecessors."

“The current administration has attempted to revitalize manufacturing while disincentivizing fossil fuels in favor of green and other alternative energy sources.” AIER economist Peter C. Earle quoted in The Daily Caller: https://lnkd.in/evE7wD2N.