Department stores and other brick-and-mortar retailers registered another lackluster holiday shopping season, while online sales have remained upbeat since Cyber Monday. As more consumers spend a larger share of their dollars online, does this signal the days of shopping at department stores and shopping malls are numbered?
January 2nd, 2015
in Op Ed
by James Rickards, Daily Reckoning
Today's investment climate is the most challenging one you have ever faced. At least since the late 1970s, perhaps since the 1930s. This is because inflation and deflation are both possibilities in the near term. Most investors can prepare for one or the other, but preparing for both at the same time is far more difficult. The reason for this challenging environment is not difficult to discern.
by David Gordon, Mises.org
[This is David Gordon's introductory essay to Hans-Hermann Hoppe's new book From Aristocracy to Monarchy to Democracy.]
Hans-Hermann Hoppe is a master of theoretical history. He tells us that
it is not my purpose here to engage in standard history, i.e., history as it is written by historians, but to offer a logical or sociological reconstruction of history, informed by actual historical events, but motivated more fundamentally by theoretical - philosophical and economic - concerns.