A not uncommon reaction from central bank defenders in response to criticism is some form of an apology, arguing a lesser of two evils choice. Posing a counterfactual, they present a scenario, say the East Asian Crisis or subsequent Subprime Crisis, which it is then...
Download Episode. Dr. Ron Paul joined Scott to talk about his newest book, The Great Surreptitious Coup. They talk about how some of the big power grabs of the 1960s and 1970s by institutions like the CIA, FBI and Federal Reserve explain the mess we find ourselves...
California Lieutenant Governor Eleni Kounalakis is concerned about the hotel workers in her state. Their days are too long, their lives are too short, and they aren’t even paid “decent wages” for their services. Here’s what Kounalakis did about it: she asked Taylor...
Former President Doanld Trump privately met with his top economic advisors last week and discussed plans for major tariff increases, three people familiar with the meeting told the Washington Post. One of the ideas which was floated involves a “universal baseline...
Congress’ top priority this fall will be passing legislation funding the government and avoiding a “shutdown.” As of this writing, it appears unlikely that the Republican-controlled House will be able to make a deal with President Biden and the Senate Democrats on a...
Early in 2017, Senator Chuck Schumer stated that then-newly elected President Donald Trump was dumb to be antagonizing the intelligence community because “they have six ways from Sunday to get back at you.” Senator Schumer seems to have been onto something, given the...
Those paying attention know the so-called “national debt” crossed the $30 trillion mark in late 2021 and has continued to steadily climb since. With trillion-dollar annual deficits having somehow been allowed to become the norm, less than two years later the number...
Economists rely on Vector Autoregression (VAR) models to forecast macroeconomic time series that may infer the effects of structural shocks and estimate unobservable cyclical components of macroeconomic aggregates. A VAR model is made up of a system of equations that...
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