economic growth

Not a ‘Soft Landing,’ But a Crash

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After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, the idea of a controlled explosion or a “soft landing” is impossible. In an interview with Marketplace, the Federal Reserve chairman admitted that “a soft landing is really just getting back to 2 percent inflation while keeping the labor market strong. And it’s quite challenging to accomplish that right now.” He went on to say that “nonetheless, we think there are pathways…for us...

A Libertarian Stance on Irredentism

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Irredentism is the belief that a group of people has the right to claim land or property which it was in possession of at some point in time, either according to historical fact or myth and legend. A few examples of irredentism are Zionism, the Greater Armenia, and United Ireland movements. Irredentism has been used to justify some of the worst human rights violations in human history. These include ultra-nationalist expansionism during both World Wars, ethnic cleansing during the Nagorno-Karabakh conflict, and the Palestinian expulsion during the 1948 war, just to name a few examples. It...

2% Inflation Is Killing Us

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Fed chairman Jerome Powell is increasingly under fire for his apparently inability to take inflation seriously or admit it may be more than “transitory.” There’s been much talk of tapering the Fed’s enormous asset purchases, yet—as is typical for the Fed, actual action remains scheduled for some nonspecific time in the future. And if the economy weakens, as an increasing number of observers expect it to do, the Fed will surely chicken out on tapering and keep the money spigots open. Yet as recently as August the Fed and its officials routinely warned that there wasn’t enough inflation and...

The Fed Is Planning For More Inflation

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In late August, Fed chairman Jerome Powell suggested that the Federal Reserve would begin tapering before the end of the year, an admission that price inflation was rising above the 2 percent target. Nonetheless, the Fed took no immediate action in the following month. This week, Powell again suggested a taper would begin soon, stating it would begin soon enough that the process could "conclud[e] around the middle of next year," and maybe could begin in November. This, of course, was highly conditional, with Powell noting this taper would only happen if "the economic recovery remains on...

Booms & Busts: An Analysis of Easy Money

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According to the popular way of thinking, various economic data can provide an analyst with the necessary information regarding the state of the economy. It is held that by inspecting various economic indicators such as the gross domestic product or industrial production, an analyst could ascertain the state of the economic business cycle. Following the experts from the National Bureau of Economic Research (NBER), business cycles are seen as broad swings in many economic indicators, which upon careful inspection permit the establishment of peaks and troughs in general economic activity....

What Paul Krugman Gets Wrong About The $600 Unemployment Bonus

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The federal government’s program of supplemental unemployment benefits of up to $600 per week, as provided for in the CARES Act, is set to expire at the end of July. Whether or not to extend this program is setting up to become a contentious political battle mere months before this fall’s national election. But what of the economic debate? Keynesians like Paul Krugman who support the extension of the benefits focus on getting money in the hands of people most likely to spend it—boosting ‘aggregate demand.’ On Twitter, Krugman insisted the economic shutdown was “annoying but sustainable,”...

The Fed Is Running Out of Bubbles to Create

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The Fed came out with a series of unprecedented measures on March 22, 2020. They announced the Fed will buy an unlimited amount of Treasurys and mortgage-backed securities (MBS), or as Peter Schiff refers to it, “QE infinity.” This has been very positively welcomed by many in the mainstream media and by businesses. Yet, what many are ignoring is that the Fed has to do this to keep the bubbles that it has created going. Recently, I wrote that the Fed has created many structural problems in the mortgage market, corporate bond market, and the car loan market. These issues have only been...

No Bailouts

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That adroit member of the British Parliament Enoch Powell once said that “the supreme function of statesmanship is to provide against preventable evils.” This duty, incumbent upon politicians endowed with wisdom, is made difficult because “by the very order of things such evils are not demonstrable until they have occurred.”  Well, the market crash has finally occurred, and laid bare the “evils” of America’s monetary policy. This month saw the worst stock market crash in nearly forty years. The next month will see hundreds of thousands, if not millions, marching into unemployment. Whole...

Could the Coronavirus Be Fatal for the EU?

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Since the EU’s debt crisis over Greece in 2009 and the subsequent problems with Italy, Spain, and Portugal, eurozone banks have dedicated their balance sheets to financing government deficits. At a cost to the commercial banks’ own cash flows, negative deposit rates at the ECB have ensured that no material losses have arisen from holding short-term government bonds on their balance sheets. And the only other beneficiaries have been the large corporations which through bond issues have managed to lock in zero or even negative interest rates on their debt. Officially, this has not...

End the Fed

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In response to the potential economic downturn in the economy arising from the spread of the Coronavirus, the Federal Reserve dropped the federal funds rate by half a point — to a range of 1% to 1.25%. Ironically, after the Fed’s announcement, the stock market dropped 786 points or 2.9%. The Fed’s aim is to stimulate economic activity. By lowering interest rates, the idea is to get businesses to expand operations with more loans and to get consumers to go deeper into debt by purchasing more items.  The result of the Fed’s artificial economic “boost” will be the same as it has been...

News

News Roundup 8/15/2022

US News ICE set up a fake college to entrap students to break immigration laws. Reason Former Secretary of State Henry Kissinger warned of the dangers of the US policy toward Russia and China in an interview with The Wall Street Journal. AWC Russia At a conference in...

Zelensky Tries to Stop Leaks Coming From His Government

Ukrainian President Volodymyr Zelensky has voiced frustration with unnamed officials from his own government for speaking with the press. During his daily briefing on Thursday, the Ukrainian leader said leaks were harming Kiev’s war effort and are “frankly irresponsible.”

Blog

RIP Michael Badnarik

I am told this morning that Michael Badnarik died in his sleep of heart failure last night. Michael was a great believer in and defender of freedom and the United States of America and its Constitution. He represented the Libertarian Party as presidential candidate...

KPFA Saturday Evening News–How Violence Breeds Violence

Short contribution of Laurie Calhoun to the KPFA Saturday Evening News on August 6, 2022, with David Rosenberg about drone assassination and the logic of “violence breeds violence”. This three-minute exchange spans 5:10-8:15. Many other foreign policy topics are also...

Drone Assassination: Inconvenient Facts

On the assassination of Ayman al-Zawahiri by U.S. drone in Kabul (from Accuracy.org): [Laurie Calhoun] said today: “President Biden has pivoted from the multiple crises of his administration — inflation, heightened tensions with China and Iran, and even the very real...

The Scott Horton Show

8/8/22 Bonnie Kristian on America’s Ongoing War in Somalia

 Download Episode. Scott interviews Bonnie Kristian about her new book and an article she wrote recently on America’s war in Somalia. After the withdrawal of troops from Afghanistan last summer, Somalia is now America’s longest war. Though Trump temporarily shifted...

Conflicts of Interest

COI #311: The White House Will Continue to Push Beijing

On COI #311, Kyle Anzalone discusses Russia, China and Africa.   Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash Qp6gznu4xm97cj7j9vqepqxcfuctq2exvvqu7aamz6 Patreon...

COI #310: Was the Al-Qaeda Leader Killed in Afghanistan?

On COI #310, Kyle Anzalone and Connor Freeman discuss Iran, Israel and Afghanistan.   Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash...

COI #308: Moving Closer to Nuclear War

On COI #308, Kyle Anzalone discusses warnings that the world is close to annihilation. Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash...

Don't Tread on Anyone

The Utilitarian Case for Voluntaryism

https://youtu.be/mO0Wi-elguk If I try to take something from you, you will resist, imposing costs on both of us in the form of property damage and bodily harm, in addition to the cost of security you may incur to prevent future acts of coercion. It’s not just that...

The State is the Health of War

https://youtu.be/WnvtYw_QKQE Critics often dismiss private law by alleging that disputes between enforcement agencies would lead to combat — even though this happens between governments all the time! In truth, the incentives for peaceful resolution of disputes would...

Who Was Tony Timpa?

https://youtu.be/zQiIPeHLQp4 “Unless it be to do justice on an offender,” Locke continued, no one may “take away, or impair the life, or what tends to the preservation of the life, the liberty, health, limb, or goods of another.” Long traces out a key implication of...

Liberty Weekly Podcast

Pelosi’s Pickled Provocation Ep. 227

https://youtu.be/6t0w03HduRI In the last two weeks, I spent a great deal of time covering Nancy Pelosi's reckless diplomatic visit to Taiwan. As a part of my coverage, I made a panel appearance on Around the Empire with JoAnne Leon and was glad to be a guest on It's...

Lies, Damned Lies, & War Propaganda ft. Prof CJ Ep. 226

  https://youtu.be/Qp4xpGlxsx8 In this week's episode, I invited Prof. CJ of the Dangerous History Podcast on to talk about Part I of his current podcast series. In Part I, Prof. CJ explores the "massive British propaganda operation in the US that ran from...

The Danger of the Fake China Threat ft. Joseph Solis-Mullen Ep. 225

https://youtu.be/OEcx1yQn6ic This week, I invited Joseph Solis-Mullen on the show to discuss his most recent article published at the Libertarian Institute. The article, entitled "The Fake China Threat and Its Very Real Danger" does an excellent job of demonstrating...

Year Zero

Tim Pool is Wrong About China w/ Patrick MacFarlane

Patrick is back, and this time we’re discussing how and why Tim Pool is wrong about China. Liberty Weekly Patrick Twitter Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon RyanBunting.com

BTC Vs ESG w/Car

Car from TLE joined me again. This time I wanted Car to address my Concerns about ESG, and how he thought BTC was the answer. Timeline Earth Who is Car Timeline Earth Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

Origins and Myths w/Adam Patrick

Adam Patrick is back to discuss the roots of metaphysical thought and language. Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon RyanBunting.com

46 & 2, Tool, the Shadow, and Jung w/Jon Hartmann

I asked my good friend Jon Hartmann to come back on the show to discuss Tool’s 46 & 2 and Jung’s concept of the Shadow. Jon Twitter Jon Instagram Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

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