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...
recession
‘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...
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...
House GOP Leader Says Future Majority Will End ‘Blank Check’ to Ukraine
by Dave DeCamp | Oct 19, 2022 | Featured Articles, Politics
House Minority Leader Kevin McCarthy (R-CA) suggested on Tuesday that major Ukraine aid may be more difficult to pass if the House is controlled by Republicans after the upcoming mid-term elections. “I think people are gonna be sitting in a recession and they’re not...
Scott Horton on Kennedy Nation 10/17/2022: Biden has always been a degenerate
by Hunter DeRensis | Oct 18, 2022 | Blog
Three Kennedys and Scott discuss the recession, the war in Ukraine and Biden's sickening degeneracy: https://www.youtube.com/watch?v=_db95LMBhZI
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...
9/30/22 Jeff Deist on the State of the Economy
by Scott Horton | Oct 3, 2022 | The Scott Horton Show
Download Episode. Jeff Deist, president of the Mises Institute, is back to talk about the strange economic situation we find ourselves in. Deist observes that the issue with today’s economic discourse is the focus on GDP and employment. What really matters, he says,...
Blog
My Latest Interviews
Michael Liebowitz, the host of The Rational Egoist, interviewed me about my life in the libertarian movement. Enjoy! Also have a look at my interview covering my libertarian experience and the Israel-Palestine conflict on the Bob Murphy Show.
Professors, W. Post Call Out NYT for Oct 7 Mass-Rape Hoax
Another disgrace for the Charlie Savage Times.
Israel’s Amazing Feat
Israel has accomplished quite a feat: its crimes against the people of Gaza are of such a large scale that they make Hamas's Oct. 7 crimes look small.
Pentagon Follies: Accounting for DEI Expenditures
Inclusion, Equity and Diversity (IED) is communism in blackface. This viral contagion has raced to the top of government bureaucracies and, of course, facilitates a race to the bottom in quality and competence. The wizards at the Pentagon who have yet to account for...
A Soho Forum discussion of COVID with Tom Woods
https://www.youtube.com/watch?v=fKzl5CngE5Q Check out Tom's great book, Diary of a Psychosis.
US Abrams Tanks Withdrawn from Fighting in Ukraine
Five four million dollar tanks up in smoke. They'll make every excuse they wish but the days of manned tanks are over. Ukraine has lost five Abrams tanks in recent months, The New York Times reported this month, citing an unnamed senior US official. At least three...