According to the head of the Air Force, US troops report their top concern is inflation, not Russia or China. The concern from the troops led the Pentagon to reverse a decision to cut special pay incentives for more complex jobs.
Federal Reserve
Inflation Cheats the Working Man
What would the political left (and for that matter, the right) do if they found that one of the biggest factors in income inequality was not top income tax levels, but inflation? It might lead to a revolution and a grand coalition among people of ideologies across the...
Inflation Doesn’t Pay
One of the most unexamined—and almost unmentioned—economic realities of post-gold standard America is the change in America's economic growth rate since the gold window closed in 1971. Does inflation change the rate of economic growth? The Federal Reserve Bank claims...
What Has Government Done to Our Universities?
Joe Biden has stoked more fire into the debate over higher education. The president unveiled a plan to forgive $10,000 of student debt for those making $125,000 a year or less, or $20,000 if that borrower was a recipient of a Pell Grant. While one can argue about the...
News Roundup 8/18/2022
US News Air Force Special Operations Command’s CV-22 Osprey aircraft fleet has been grounded over unknown issues with the clutch. Defense News China A top US military commander said Tuesday that the US must “contest” China’s missile launches over Taiwan that were...
7/22/22 Jeff Deist on Inflation, the Housing Market and the Death of Savings
Download Episode. Scott is joined by Jeff Deist, the President of the Mises Institute, to discuss the bizarre economic moment we are living through. Deist puts into perspective the historic levels of economic stimulus that the Federal Reserve injected into the...
Elon and the Magnificient Twitter Deal
As if repudiating the cultural zeitgeist, Elon Musk has decided to purchase Twitter, a large social media platform, to add to his stack of companies like Tesla, SpaceX, Starlink, and the Boring company. While he has taken several unique perspectives, from fighting...
Not a ‘Soft Landing,’ But a Crash
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”...
The Fed’s Rate Hike Is a Shot in the Dark
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....
How to Beat Inflation? End the Fed
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
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,...
The Problem With ‘What is a Woman?’
"Biological sex [is] binary. It's been binary for like a hundred million years, longer than that. Temperament is not binary, temperament or personality… people who talk about the diversity in gender are actually talking about diversity in personality and temperament…"...
5/25/22 Mark Thornton on Paper Money, Housing Bubbles and Free Trade
Download Episode. Scott is joined by Mark Thornton, Senior Fellow at the Mises Institute, to discuss an article he wrote recently on the current housing bubble. They begin by discussing the damage that unbacked government-managed paper money does to the United...
30 Years With No Strategy Brought Us the War in Ukraine
Washington DC has not excelled in grand strategy; the art and science of cost-effectively employing the diplomatic, economic, and informational powers of the United States in combination with its armed forces to secure its national goals and interests. Most of the...
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