ECONOMICS

By Trucker News

U.S. Customs and Border Protection officers at a California commercial facility made two major drug seizures recently. The interceptions of illegal drugs found in tractor-trailers included:

• 400 pounds of cocaine 

• 11,469 pounds of methamphetamine

Cocaine found in a truck's fuel tank; Source: Custom and Border Protection

Cocaine found in fuel tank

U.S. Customs and Border Protection officers at the Otay Port Commercial Facility discovered over (more…)

By Peter C. Earle of the American Institute for Economic Research

Twice in the past few weeks President Joe Biden has claimed that when he took office in January 2021 inflation was “over nine percent.” First on CNN’s OutFront with Erin Burnett on May 8 and again on May 14 in a Yahoo! Finance interview, the bizarre comment was made. And as has become a routine with the gaffe-prone chief executive, White House staffers added shamelessness to what could have been limited to embarrassment (more…)

Authored by George Fo4rd Smith via The Mises Institute,

Bad ideas are sometimes the hardest to dethrone. It’s probably accurate to say most people think of money as the paper currency printed by governments. And it is money in the sense that it functions as a medium of exchange, but is it sound? Is it vulnerable to inflation? Its very existence is evidence that it is, so why are so many people reluctant to switch to a money that isn’t?

There any many (more…)