recession

Elon and the Magnificient Twitter Deal

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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 against population decline (citing it as a major problem), the Ghislaine-Epstein child sex trafficking scandal, and colonization of Mars, he seems to be a free speech absolutist. Musk believes that freedom of speech is not constrained by the feelings of an individual who hears it, that everyone should be allowed to speak, and...

Not a ‘Soft Landing,’ But a Crash

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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” is impossible. In an interview with Marketplace, the Federal Reserve chairman admitted that “a soft landing is really just getting back to 2 percent inflation while keeping the labor market strong. And it’s quite challenging to accomplish that right now.” He went on to say that “nonetheless, we think there are pathways…for us...

The Fed’s Rate Hike Is a Shot in the Dark

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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. Coming into the March meeting this year, however, the FOMC had not raised the target rate since March of 2020, even though price inflation began to accelerate during the second half of 2021. Today’s 75-basis-point increase is the largest increase since late 1994 when the FOMC raised the target rate from 4.75% to 5.5%. Notably,...

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 course, any attempt by the government to solve the supply chain problems (which were caused by prior government interventions such as shutting down the economy for over a year) will not just fail to solve the supply shortages but will create new problems. Deficit reduction is another part of Biden’s anti-inflation plan....

It’s 1979, Not 2009

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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, and the economy is going to get a lot worse. But no, it's nothing like the housing crisis of 2008 or the 1929 stock market crash that began the Great Depression. It's not even remotely similar. There Won't Be a Housing Crash It's true the housing crisis of 2008 was created by some of the same factors we have in our economy...

The Need to Act

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It’s hard not to fall into patterns. While some routines may be for the better, habits develop because they may be easier, comfortable. After weeks, months, or perhaps decades of neglect and self destructive behavior, a cycle can develop because of these bad practices. A promise is made that they will fix and recover, improve from their circumstances and rise from the ashes, ascending to heights of utopian glory...only to return to the habits that first inspired such a declaration (though each time it will be different). Ignoring the reality of accident and injury, for the purpose of the...

When the Bubble Pops, Will You Be Ready?

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The Government’s COVID-19 response was met with the obvious effects like the lockdowns that decimated the lives of millions to little to no effect on mitigating the spread, mask mandates, or even vaccination mandates. But underlying all of the obvious issues was that of economic destruction being laid down before the American people in the form of the Federal Reserve’s response to the economic collapse caused by lockdowns. The Federal Reserve has laid down a suicide path for the United States’ economy. The money supply is created in part by the private banks making loans and the Federal...

The Inflationary Attack on America’s Poor

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The ramp-up of money-printing by the Federal Reserve Bank since the COVID pandemic began has meant, like clockwork, an increase in CPI price inflation exceeding a seven percent annual rate. Though price inflation as measured by the CPI was temporarily delayed by the crosswinds of the shutdown-induced recession, the Fed inflation of the currency had already enriched the financial sector and created a wider income divide between the top one percent and the rest of the people. And this has not gone unnoticed by the political left, even if they remain ignorant of the real economic causes....

Our Monetary System Is Between a Rock and a Hard Place

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Last November, the Federal Reserve System announced tapering (a gradual reduction of the central bank’s monthly asset purchases to the point of ending the asset purchase program, which means that the Fed would stop increasing its balance sheet). In December, it announced another decrease in monthly asset purchases. And in the last Federal Open Market Committee meeting, held on December 14–15 and published in January, the committee participants spoke not only of finishing the tapering, but also of a faster rate hiking. In addition, participants spoke of reducing the Fed's balance sheet...

Price Inflation Hits 40 Year High; What Comes Next?

According to new data released Wednesday by the Bureau of Labor Statistics, price inflation in December rose again to a new multidecade high, rising to the highest level recorded in nearly forty years. According to the Consumer Price Index for December, year-over-year price inflation rose to 7.1 percent. It hasn't been that high since June 1982, when the growth rate was at 7.2 percent. December's increase was up from November's year-over-year increase of 6.9 percent. And it was well up from December 2020's year-over-year increase of 1.3 percent. This surge in price inflation is likely to...

News

This Week At The Libertarian Institute

The Empire never sleeps – but neither do we. Missed a story? We got you covered. This week in review at the Libertarian Institute: News   June 24, 2022 – Senate Dems Press Biden to Investigate Killing of Palestinian-American Journalist Ahead of Israel Trip Senate...

News Roundup 6/24/2022

US News The State Department will pay employees who alleged they suffer from ‘Havana Syndrne’ six-figure payouts. State is making the payments in accordance with the HAVANA Act. [Link] Haiti At least eight prisoners died from starvation in a prison in Haiti. [Link]...

State Department ‘Illegally Obstructing’ Afghanistan Probes, Watchdog Says

The US government’s top oversight official for Afghanistan has accused the State Department and the US Agency for International Development (USAID) of stonewalling ongoing investigations, saying they have refused interviews with staff and even failed to provide “basic information” to assist the probes.

Blog

Week of Action on Yemen

Scott Horton and the Libertarian Party, among others, are whipping up support for a week of action to end US involvement in the Yemen War. And you can help. H.J. Res. 87 was introduced on May 31. The bill would "direct the removal of United States Armed Forces from...

Actually, Socialism IS When The Government Does Stuff

https://youtu.be/_-6CyEYetxM How is something to be owned by “the community as a whole?” Ownership means that you get to decide what is done with something. If you and I disagree on who gets to eat your apple, then whatever you decide will take precedence, because it...

The Scott Horton Show

Conflicts of Interest

Don't Tread on Anyone

6 Progressive Myths About History (w/ Lawrence W. Reed)

https://youtu.be/HsXj83JNUb4 In May 1939, Treasury Secretary Henry J. Morgenthau Jr., one of Franklin Roosevelt's best friends, testified before the House Ways and Means Committee: "I say after eight years of this Administration we have just as much unemployment as...

Liberty Weekly Podcast

National Review Senior Editor Turns Rothbardian Ep. 220

https://youtu.be/sJXF9jgj1L4 Managing Editor of the Libertarian Institute and longtime friend and guest of the show Keith Knight joins me in this week's episode to review an article by Joseph Sobran. Sobran was the Senior Editor of the National Review, but questioned...

Patrick MacFarlane on the Hrvoje Moric Show Ep. 219

https://youtu.be/yI1ND-TJR8g This week's episode is a mirror of my recent appearance on the Hrvoje Moric Show on Tnt Radio. We discuss the war in Ukraine, China, and the brave new world we are sleepwalking into. Hrvoje is the host of Geopolitics and Empire Podcast....

Empire of Death: America’s Moral Bankruptcy Ep. 218

https://youtu.be/7yZEk73JdVo In this episode, I take a deeper dive on my latest editorial up at the Libertarian Institute, share my experience at Chillderburg, introduce my new newsletter website, and thank several outlets that have started reprinting my Libertarian...

An Economic Reckoning ft. Clint Russell Ep. 217

https://youtu.be/B4rBZcugFw0 Clint Russell joins me in this week’s episode of Liberty Weekly. Clint is the host of Liberty Lockdown, a podcast that took the liberty scene by storm during the COVID-19 lockdowns. Before Clint launched Liberty Lockdown, he was a private...

Year Zero

A Deep Dive w/Monica Perez

Monica Perez joined me for an in depth conversation on culture, religion, ESG, WEF, the future, and how the 21st Century is different than the 20th Century. Monica Twitter Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate...

Love and Fear w/Courtenay Turner

Courtenay and I talk ESG, intentional communities, motivations, elites, and the future. Courtenay Twitter Courtenay Turner Podcast Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

Shadowy Figures Surrounding 9/11 w/Adam Fitzgerald

Adam Fitzgerald joined me to discuss the less talked about aspects of 9/11. We spent most of our time discussing the characters involved and around the event. We could have gone for hours on this subject, but as you will hear, I hit a wall at the 2 hour mark. Adam...

A Conversation with Patrick MacFarlane

Patrick joined me again. In this episode we discuss Ukraine Russia, China, culture, democrats, republicans, and traditional family. Liberty Weekly Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

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