The Wall Street Journal today brings word that a professor Efraim Benmelech of the finance department at Northwestern University thinks the Fed is hurting housing and the consumer too much. Opined he, ...those higher interest rates are making mortgages more expensive...
spending
Your Social Security Money Is GONE, Understand?
by Ryan McMaken | Feb 2, 2023 | Economics, Featured Articles
After French protestors took the street to complain about the increase in the retirement age, I read quite a few jokes in social media about how protesting in France is the local pastime. That may be true, but let it not be said that Americans don't feel very, very...
Price Inflation Slows, But the Economy Keeps Getting Worse
by Ryan McMaken | Jan 26, 2023 | Economics, Featured Articles
The U.S. Bureau of Labor Statistics released new Producer Price Index (PPI) data on Wednesday, and it looks like the rate of increase in price inflation is slowing. Nonetheless, year-over-year price inflation in December remained near 40-year highs, and shows the...
The Idea of Making a ‘Trillion Dollar Coin’ Is Still Dumb
by Ryan McMaken | Jan 24, 2023 | Economics, Featured Articles
Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We're supposed to be horrified and worried that the U.S. might default on some of its debt. Some commentators will insist the U.S. has never defaulted, and that...
US to Transfer Seized Russian Assets to Ukraine
by Will Porter | Jan 20, 2023 | News
The US government is preparing to hand Ukraine assets confiscated from Russian businessmen under a scheme proposed by the Biden administration last year, which aims to target the wealth of “oligarchs” and pass it on to Kiev.
Hands Off My Income
by Laurence Vance | Jan 17, 2023 | Featured Articles
House Democrats finally obtained former president Donald Trump’s tax returns and promptly released them to the public. No one should have his tax returns released: not presidents, not politicians, not celebrities, not sports figures, not cab drivers. Released was...
David Stockman’s Explainer to the 2023 Economy
by David Stockman | Jan 12, 2023 | Economics, Featured Articles
You can count on the knuckleheads at Bloomberg to start off the year with still another dead-wrong proposition. That is, more nonsense about the “strong” labor market—-one so strong that it is purportedly even defying the mighty Fed. The latest US employment report is...
News Roundup 1/1/2023
by Kyle Anzalone | Jan 1, 2023 | News Roundup
Russia After over 10 months of fighting between Russian and Ukrainian forces, there’s no sign that 2023 will bring peace to Ukraine as the warring parties have radically different demands, and the US continues to escalate aid for Kyiv and its role in the war. AWC...
Mainstreet Hunkers Down as Home Sales Drop Drastically
by David Stockman | Dec 29, 2022 | Economics, Featured Articles
The crash landing of the housing market continued in November. Existing home sales of just 4.09 million units at an annualized rate represented at staggering 37% drop from the 6.49 million rate posted in January. There has never been a drop this severe within a single...
South Korea Says it Will ‘Punish’ North for ‘Provocations’
by Will Porter | Dec 29, 2022 | News
South Korean President Yoon Suk-yeol has vowed more aggressive retaliation to military action by Pyongyang, calling to “punish” the DPRK soon after Seoul unveiled a new $440 million military spending package.
Space Force Gets Massive Budget Boost Amid Sexual Harassment Scandal
by Kyle Anzalone and Will Porter | Dec 27, 2022 | News
The 2023 National Defense Authorization Act (NDAA) increases the budget of the Pentagon’s newest branch by billions of dollars. The funding increase comes after a top Space Force civilian employee sexually harassed his subordinates and kept his job.
News Roundup 12/22/2022
by Kyle Anzalone | Dec 22, 2022 | News Roundup
Russia Congress unveiled on Tuesday a massive $1.7 trillion omnibus funding bill that includes $45 billion in new Ukraine aid, which will bring total US spending on the war to about $112 billion. AWC Russia’s Foreign Ministry warned on Monday that Washington’s...
Five Must-Know Facts About the Disastrous New Omnibus
by Romina Boccia | Dec 22, 2022 | Featured Articles
Just as I predicted back in October, Congress pushed its discretionary spending deadline back by one week, from December 16 to December 23. This comes as no surprise as congressional leadership is once again trying to ram through a massive omnibus bill before the year...
News Roundup 12/18/2022
by Kyle Anzalone | Dec 18, 2022 | News Roundup
Kosovo Serbia has formally asked NATO if it can deploy up to 1,000 troops into northern Kosovo, where Serbian President Aleksandar Vucic says ethnic Serbs are being “terrorized” by the Kosovo government based in Pristina. AWC Russia The Senate on Thursday night passed...
Blog
Reminder: Volodymyr Zelenskyy Almost Started a World War Based on a Lie
On November 15th, the Associated Press reported that "A senior U.S. intelligence official says Russian missiles crossed into NATO member Poland, killing two people". Since Poland is a member of the North American Treaty Organization, that would mean that America along...
Christopher Hitchens Lied About the Cause of Terrorism
"The suicide murder community is almost perfectly faith based." - Christopher Hitchens On Real Time With Bill Maher, Hitchens claims that because an Islamist in the 1800's used the Koran to justify atrocities, it means that today the issue with Al-Qaeda is due to the...
War is a Euphemism for Mass Murder
To kill one man is to be guilty of a capital crime, to kill ten men is to increase the guilt tenfold, to kill a hundred men is to increase it a hundredfold. This the rulers of the earth all recognize, and yet when it comes to the greatest crime — waging war on another...
Empower the Working Class: Abolish Occupational Licensing
It's time to consistently apply the "my body my choice" principle. If consenting adults want to engage in economic activity, no third party should forcibly stop them. Democrats always say "voting once every two years between two politicians is how you express...
Death By Climate: Down 97% in Last 100 Years
Our schools provide many hours of lessons on climate change, but I wonder how many teachers, let alone pupils, are aware that climate-related deaths have decreased by as much as 97 per cent over the past 100 years, as the OFDA / CRED data show. - Why don’t we ever...
Black Youth Unemployment: Before and After Progressives Started “Helping”
A constant trend is progressivism is to use the state to coercively control others under the guise of "helping" them, make things worse, then ignore the problems you caused and never apologize. Sallie Mae loans didn't make college affordable. The Federal Reserve...
Shop Our Books
Voluntaryist Handbook
by Keith Knight
Hotter Than The Sun: Time To Abolish Nuclear Weapons
by Scott Horton
[playlist artists="false" images="false"...
Enough Already: Time to End the War on Terrorism
by Scott Horton