The Federal Reserve’s Federal Open Market Committee (FOMC) today announced an increase of 75 basis points to the target federal funds rate, raising the rate to 1.75% from 1%. June’s meeting today was the third meeting this year at which the FOMC has raised rates....
Economics
TGIF: The Libertarian Solution
by Sheldon Richman | Jun 10, 2022 | Economics, Featured Articles, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
"What's the libertarian solution to social or economic problem X? How about problem Y or Z?" No libertarian needs to wait long before hearing such questions. But strictly speaking, the libertarian philosophy offers no solutions to specific problems. That's not what it...
How to Beat Inflation? End the Fed
by Ron Paul | Jun 8, 2022 | Economics, Featured Articles
President Joe Biden has unveiled a three-part plan to fight inflation—or at least make people think he is fighting inflation. One part of the plan involves having government agencies “fix” the supply chain problems that have led to shortages of numerous products. Of...
It’s 1979, Not 2009
by Thomas Eddlem | Jun 7, 2022 | Economics, Featured Articles
Break out your mom's bell-bottoms and dad's leisure suit from your parents' attic. It's 1979 again (at least economically) Don't listen to the perpetual doomsayers who claim this is the beginning of the big crash. It's not. Yes, the American economy is a huge mess,...
TGIF: Heartless Immigration Restrictions Need Replacing
by Sheldon Richman | Jun 3, 2022 | Economics, Featured Articles, Justice, Politics, Sheldon Richman, TGIF
Some elements of the right-wing are spreading the fear that Democrats are engineering a take-over of America by replacing white voters with nonwhites through liberal immigration policies. It's come to be known as "the great replacement," and in its ugliest form, it is...
Exposed: The Lies of Biden’s Tax Policy
by Jim Lewis | Jun 2, 2022 | Economics, Featured Articles
As President Joe Biden’s tax policy discussions start heating up, some familiar lies have made their way back into the political parlance. There are four specific lies upon which I’ll focus here: The rich need to pay their “fair share” The Trump tax cuts only went to...
TGIF: Glenn Loury’s Collectivist Immigration Policy
by Sheldon Richman | May 27, 2022 | Economics, Featured Articles, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
Glenn Loury, the economist at Brown University, often has interesting things to say. His YouTube Glenn Show episodes with linguist and social commentator John McWhorter feature valuable insights and eye-opening data about race, woke "anti-racism," and related matters....
TGIF: True Liberals Are Not Conservatives
by Sheldon Richman | May 20, 2022 | Economics, Featured Articles, Libertarianism, Politics, Sheldon Richman, TGIF
The relevance of F. A. Hayek's essay "Why I Am Not a Conservative," the postscript to his important 1960 book, The Constitution of Liberty, is demonstrated at once by the opening quote from Lord Acton: At all times sincere friends of freedom have been rare, and its...