Milton Friedman famously said, “Inflation was always and everywhere a monetary phenomenon.” But Friedman didn’t live through the QE years here in the U.S. and blatantly ignored the twenty plus years of Japanese deflation despite QE and insane levels of money printing...
As libertarians, we like to discuss two things: what could be and what is wrong with society today. Some of us are intrigued by the promises of a free society, no matter if we advocate the total abolishment of the State or wish to radically cut back on its powers. It...
If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that information with government agencies. This is just one of the problems with the proposed “digital dollar” or “fedcoin.” Fedcoin was...
You may be in the presence of mere virtue-signalers if they: wring their hands about police brutality without ever calling for repeal of all victimless-crime laws, which create a poisonous dynamic between police and public precisely because the conduct being policed...
The point of no return may have been reached. The effects of the government-mandated shutdowns due to Covid-19 on businesses—especially small businesses—may not be known for months, even decades, but anyone who is paying attention is beginning to realize we are...
New tax revenue data released by the Treasury Department on Monday shows that tax revenue further worsened in June (compared year over year) from May's already cratering total. On the plus side, neither May nor June has returned to April's historic plunge in revenue....
The federal budget deficit in the month of June totaled nearly the entire 2019 fiscal year shortfall and would rank sixth largest-ever if it were a yearly deficit. The June deficit came in at $864.1 billion dollars, according to the latest Treasury Department report....
Federal Reserve Chair Jerome Powell and San Francisco Fed President Mary Daly both recently denied that the Federal Reserve’s policies create economic inequality. Unfortunately for Powell, Daly, and other Fed promoters, a cursory look at the Fed’s operations shows...
