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...
Monetary
Housing Prices Will Keep Getting More Expensive
by Ryan McMaken | Nov 17, 2022 | Economics, Featured Articles
As mortgage rates have risen this year, the demand for home purchases has fallen. That has spelled trouble for the home construction business. Homebuilder confidence dropped for the 10th straight month in October. The decline in builder sentiment reflects what...
2022 Was Another Nail in the Modern Monetary Theory Coffin
by Connor O'Keeffe | Nov 14, 2022 | Economics, Featured Articles
It’s been a rough year for advocates of modern monetary theory (MMT). After nearly two years with all the budget deficits and money printing MMTers could have wanted, the doctrine’s popularity seems to have faded now that we’re well passed the honeymoon phase. Twenty...
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...
‘Strong as Hell’ Economy is a Mirage of Math
by Tom Luongo | Oct 26, 2022 | Economics, Featured Articles
“President” Joe Biden described the U.S. economy as, “Strong as hell,” in a recent sound bite. No one except his most ardent supporters, a vanishingly small number in reality, believes that. He and they point to statistics, “internals” in Biden-speaks, that point to...
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...
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...
Working Harder for More of the Same in the Fed’s Economy
by Ryan McMaken | Oct 13, 2022 | Economics, Featured Articles
According to the establishment survey of employment, released last week by the Bureau of Labor Statistics, total employment increased, month-over-month by 263,000 jobs. The "job market stays strong" reads one CNBC headline, and the new jobs print was hailed as a great...
Blog
Call Him Daddy
Trump is Nato’s daddy, bombing Iran, and happy 4th. ALP
Tucker Carlson asks Scott Horton: How did we get into war with Iran?
How did we wind up at war with Iran? Scott Horton explains on The Tucker Carlson Show. https://youtu.be/_HVGLCRp3I8?si=gtgBPCToHUEUnyuP Chapters: 0:00 The History of Why Iran Is Such a Global Focal Point 11:16 The Jimmy Carter Doctrine 22:29 The Brutality of the...
Chasing Ghosts and WarNotes Podcast Upgrades
I have been retrofitting and improving the sound to my podcasts WarNotes episodes are done with the Podsworth app upgrade. Chasing Ghosts upgrades to episodes 1-3, 6, 8-26 and 58-67 are now complete (updated on RSS, Substack and the Libertarian Institute). I know it...
Provoked Gets a Positive Review in the Army War College Quarterly, Parameters
This is a prestigious and widely admired quarterly in the military and defense intelligentsia milieu. https://press.armywarcollege.edu/parameters_bookshelf/80/
Interview: Israel’s Strategic Alliance with Hamas
Jim Clancy and I discuss Israel’s policy of utilizing Hamas as a strategic ally to block peace negotiations with the Palestinians.
Israel CAUGHT Bribing Protestant Pastors and Preachers to Denounce Tucker Carlson and Candace Owens
Imagine being so weak that you would let your preacher push you around like 1/3 of a human man. Sad! https://www.youtube.com/watch?v=Nz6gUQP3w-Y
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