Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. Now Roubini is warning that the staggering...
Federal Reserve
College Graduates Are the New Favored Class of Democratic Largesse
by Jim Bovard | Nov 28, 2022 | Featured Articles
When Americans make lists of the persecuted, downtrodden groups in our society, college graduates rarely top the ranking. But President Joe Biden is offering one bribe after another to convert college graduates into perpetual dependents of the Democratic Party....
No, the Labor Market Ain’t ‘Strong’
by David Stockman | Nov 28, 2022 | Economics, Featured Articles
Last Friday the Wall Street gamblers made another run at “bad news is good news”, taking the averages up modestly after a frenetic chase around the barn and back. But at the end of the day, it’s high time to forget about the games played by Wall Street day-traders and...
We Can’t Expect America to Take Its Economic Medicine
by Jeff Deist | Nov 23, 2022 | Economics, Featured Articles
Does America simply lack the political will to face economic reality? In the teeth of the Depression, Treasury secretary Andrew Mellon famously told President Herbert Hoover to “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate”—in other...
Search for Easy Money Fueled FTX-Crypto Collapse
by Ryan McMaken | Nov 22, 2022 | Economics, Featured Articles
The collapse of the crypto exchange FTX may prove to be a canary in the coal mine of the easy-money-fueled crypto bubbles. FTX’s collapse has exposed just how little due diligence is actually taking place among investors, who are apparently willing to put large...
To Win Elections, Republicans Must Become Pro-Liberty
by Ron Paul | Nov 15, 2022 | Featured Articles, Politics
Those searching for an explanation of why there was no “red wave” giving Republicans huge gains in Congress in this year’s midterm election should compare this year’s election with the midterm election of 2010. In 2010, Republicans gained a net 63 House seats. While...
My Advice for the Next Congress
by Ron Paul | Nov 8, 2022 | Featured Articles, Politics
Tomorrow [Today, November 8] is election day and polls suggest that Americans are going to overturn Democratic Party control of the House and Senate. Politicians and the media always say that this is the most important election ever, but all too often once the voting...
10/31/22 Mike Swanson on our Strange and Troubling Economy
by Scott Horton | Nov 5, 2022 | The Scott Horton Show
Download Episode. Scott talks with Mike Swanson about the economic mess we find ourselves in. Swanson helps us understand how we got here and why all the traditional “experts” have been so confused. Swanson argues that what happened in the UK with Liz Truss may...
Powell Promises More Rate Hikes
by Ryan McMaken | Nov 3, 2022 | Economics, Featured Articles
The Federal Reserve's Federal Open Market Committee (FOMC) raised the target federal funds rate 75 basis points on Wednesday, marking the fourth 75-basis-point hike in a row since June. The federal funds rate is now the highest it's been since December of 2007 when...
A $31 Trillion National Debt Should Matter To You
by Michael Maharrey | Oct 26, 2022 | Economics, Featured Articles
On Oct. 3, 2022, the U.S. national debt eclipsed $31 trillion for the first time in history. When you factor in unfunded liabilities in Medicare and Social Security, the debt skyrockets to well over $100 trillion. As the Anti-Federalist writer Brutus warned: “I can...
Government Is Making Housing More Expensive
by Ryan McMaken | Oct 20, 2022 | Featured Articles
The average square footage in new single-family houses has been declining since 2015. House sizes tend to fall just during recessionary periods. It happened from 2008 to 2009, from 2001 to 2002, and from 1990 to 1991. But even with strong economic-growth numbers well...
A Nobel Prize Awarded for Economic Destruction
by Ron Paul | Oct 17, 2022 | Economics, Featured Articles
Former Federal Reserve Chairman Ben Bernanke is a 2022 recipient of the Nobel Prize in economics for his writings on how government should respond to bank failures. Honoring Bernanke for his advice on what government should do when banks fail is like giving a fire...
Understanding the Fed’s Real Mandate
by Mark Thornton | Oct 10, 2022 | Economics, Featured Articles
The Federal Reserve has a legal dual mandate to minimize unemployment and price inflation. The current “dual” between the two mandates is to reduce price inflation by increasing interest rates to increase unemployment and kill businesses to choke off aggregate demand....
A Libertarian Stance on Disaster Relief
by Ron Paul | Oct 3, 2022 | Featured Articles
Last week Congress passed a continuing resolution and then adjourned until after the election. When Congress reconvenes, it will almost certainly pass a multi-billion dollars aid package for those impacted by Hurricane Ian. This spending will likely be labeled...
Blog
Empower the Working Class: Abolish Occupational Licensing
It's time to consistently apply the "my body my choice" principle. If consenting adults want to engage in economic activity, no third party should forcibly stop them. Democrats always say "voting once every two years between two politicians is how you express...
Death By Climate: Down 97% in Last 100 Years
Our schools provide many hours of lessons on climate change, but I wonder how many teachers, let alone pupils, are aware that climate-related deaths have decreased by as much as 97 per cent over the past 100 years, as the OFDA / CRED data show. - Why don’t we ever...
Black Youth Unemployment: Before and After Progressives Started “Helping”
A constant trend is progressivism is to use the state to coercively control others under the guise of "helping" them, make things worse, then ignore the problems you caused and never apologize. Sallie Mae loans didn't make college affordable. The Federal Reserve...
What Kind of Liberal?
Not to put too fine a point on it, but I am a Locke-Smith liberal.
The Tale of the Steak – A Lesson in Economics by Walter E. Williams
Consider filet mignon and chuck steak. Assume-realistically-that consumers prefer the former. Then the question becomes: why is it, despite consumer preferences, that chuck steak sells at all? The fact is that chuck steak outsells filet mignon. How does something less...
My Favorite Michael Malice Quote
If the government didn't have a monopoly on security, only rich people would be able to have security just like when the government got out of other businesses, the only cars produced were limousines, the only clothes produced were tuxedos and the only food produced...