Fueled by panic over a weak July jobs report and a one-day crash in global stock markets, an unstoppable growing chorus arose among the political establishment calling for the Federal Reserve Bank to cut interest rates. The reality is that interest rates, as...
Download Episode. Scott is joined by Peter St Onge to talk about how the government uses the Federal Reserve to enrich the politically connected at the expense of everyday people. St Onge explains how we arrived at this crazy economic moment and draws comparisons to...
For all that the corporate press does to paint the Federal Reserve as adroitly steering the monetary ship of state, one has only to look at the Fed’s actual words to know that however much they may be steering the ship, they have no idea where they are going. As...
At the beginning of last year, economist Paul Krugman wondered aloud whether Americans would even notice if the economy improved. In his considered opinion, it was already obvious that the economy was humming along merrily and that ordinary shmucks just didn’t get it....
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...
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...
Download Episode. Scott is joined by Jeff Deist to talk about both the problems facing our economy and the flawed economic ideas that brought us here. Scott and Deist discuss business cycles and inflation before turning more broadly to global currency markets. They...
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...
Over and over, U.S. government officials and their mainstream media allies called Russia’s 2022 invasion of Ukraine an “unprovoked attack.” The slogan became so overused that people began to ask the obvious question: Why do they protest so much? In Provoked: How...
Imagine the Catholic Church (or any person or group of people) doing what the government does every day: Everyone who doesn’t give the Catholic Church 25% of his annual income every year will be put in jail. If he resists the Jesuit officer, the officer has the right...
