spending

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

Powell Testimony 2018 (42753534974)

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,...

News Roundup 6/3/2022

Assange A Spanish court summons former CIA Director Mike Pompeo to testify about the agency’s plan to kidnap and assassinate Julian Assange. [Link] Germany Germany will buy 60 Boeing Chinook heavy-lift helicopters from Germany for $4 billion. [Link] Russia The US announces a new round of sanctions on Russia. [Link] The US is carrying out offensive cyber operations against Russia in support of Ukraine. [Link] NATO will push its members to meet the 2% minimum requirement of spending 2% of GDP on defense. [Link] Zelensky says Russia controls 20% of Ukraine. [Link] Russia holds war games in...

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...

Sen. Cruz, Gen. Milley, Zelensky Say Ukraine Is Vital to National Security

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As the costs of supporting Ukraine’s war effort soar well beyond $50 billion, high-level officials are seeking to sell Americans on even more military spending, with senators, generals and the Ukrainian president himself each insisting aid to Kiev is vital to American interests, amid rampant inflation, mounting shortages and monumental public debt in the US.

Press Release: Survivors of Israel’s Strike on USS Liberty Commemorate 55th Year

Survivors and of the brutal Israeli military attack against the American communications vessel U.S.S. Liberty will gather at Arlington National Cemetery in Washington D.C. on June 8 to commemorate the memories of 34 Americans who were killed and host a 55 year reunion at the Holiday Inn Arlington, Virginia on June 6-9. While patrolling in international waters in the Eastern Mediterranean Sea, the USS Liberty (AGTR-5) was savagely attacked without warning or justification by air and naval forces of the State of Israel. Of a crew of 294 officers and men, including three civilians, 34 crew...

This Is Who Will Build the Roads

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A common counter-argument to many libertarian principles goes something along the lines of, “Without the government, who will build to roads?" Almost everyone who has tried to debate libertarian ideology will encounter this argument at some point. In the minds of many statists, economic services that are almost ubiquitously provided by the government in the United States and elsewhere could not possibly be provided by the private sector, lest they be riddled with market failures and corruption. More often than not, they only make these arguments because they simply have never lived in a...

For 12 Years and Tens of Thousands of Dollars, Is Schooling Worth It?

the socialist society would have to forbid capitalist acts between consenting adults.

The Case against Education: Why the Education System Is a Waste of Time and Money by Bryan Caplan (Princeton University Press, 2018, 395 pages). Almost every book on education policy (and I have read a great many of them) springs from the set of assumptions that education “experts” embrace: that schooling builds our stock of knowledge and skill, that it needs to be done mainly by government, that it makes us better human beings, and that we owe our prosperity to our great “investment” in education, kindergarten through college. Among the tiny number of books that challenge the...

News

News Roundup 6/22/2022

US News The Biden administration announced a change in US military policy that bans the use of anti-personnel land mines everywhere in the world, except for the Korean Peninsula. [Link] Almost 1,400 New York Army National Guard Soldiers are deploying to East Africa...

News Roundup 6/21/2022

US News President Joe Biden said he is considering a temporary gas tax holiday. The tax reduction would cut gas prices by 18.4 cents per gallon. [Link] Biden said rebate cards are also being considered. [Link] Miami police were offering $50 for handguns, $100 for...

Blog

Let’s Get ‘Defend the Guard’ on the Ballot in California!

"Resolved, That the Libertarian National Committee: Calls upon the State Legislatures to enact legislation to prohibit the States’ National Guard and any member thereof to be released from the state into active duty combat unless the U.S. Congress has declared war...

I Am Grateful For My Suffering

I am grateful for my suffering. I truly am. These are not words I utter in some halfhearted, feeble effort to brighten my mood or motivate my day. Fortunately for me, I am not battling depression. It’s been a challenging few years; Entrepreneurship. Battling Cancer....

The Scott Horton Show

6/3/22 Aisha Jumaan on How You can Help End the War Against Yemen

 Download Episode. Aisha Jumaan from the Yemen Relief and Reconstruction Foundation joined Scott on Antiwar Radio to discuss the war in Yemen. Despite little to no media coverage, which Jumaan recently wrote about, the war in Yemen as well as the consequences of that...

6/3/22 Hassan El-Tayyab: Some Good News on Yemen

 Download Episode. Hassan El-Tayyab came back on Antiwar Radio to give an update on the effort to end the war in Yemen. First, Scott and El-Tayyab discuss the last-minute extension of the two-month ceasefire. El-Tayyab reports that airstrikes have stopped completely...

6/3/22 Tom Secker on the Pentagon’s Control Over Top Gun: Maverick

 Download Episode. Scott interviewed British journalist Tom Secker about the Pentagon’s role in producing Top Gun: Maverick. The Department of Defense has an entire office set up to work with Hollywood. They give producers access to some military personnel as well as...

Conflicts of Interest

Don't Tread on Anyone

Economic Truths My Professor Lied About (w/ David Bahnsen)

https://youtu.be/8jK-rT-0SCk Defenders of free enterprise do not believe in a perfect administration under a market economy. Rather, we do not believe in the possibility of such. To the extent imperfect decision-making is accepted, we then seek to solve for who has...

‘What Is a Woman?’ – Six Things Conservatives Need to Know

https://youtu.be/GKZvdtiitLg “Biological sex [is] binary. It’s been binary for like a hundred million years, longer than that. Temperament is not binary, temperament or personality… people who talk about the diversity in gender are actually talking about diversity in...

The Problem With ‘What is a Woman?’

"Biological sex [is] binary. It's been binary for like a hundred million years, longer than that. Temperament is not binary, temperament or personality… people who talk about the diversity in gender are actually talking about diversity in personality and temperament…"...

Liberty Weekly Podcast

On the Brink of Nuclear War ft. Connor Freeman Ep. 216

https://youtu.be/CJ62Lw1PJsg In this episode of the podcast, I speak with Connor Freeman about the dismal state of U.S./Russian relations. We discuss the spiraling escalation in Ukraine and U.S. policy decisions which signal that the unthinkable may be inevitable....

Addiction and COVID-19 ft. The Clean Libertarian Ep. 215

https://youtu.be/38r3URgicX4 Much has been said about the excess rate of substance abuse during COVID-19. To try to understand some of these causes, I brought on my friend Drew Cook of the Clean Libertarian. Drew is a recovering addict who is now working to help other...

Press Censorship in Wartime Ep. 214

https://youtu.be/s5Jhj1smhFI With the risk of kinetic war between the US and Russia becoming more and more likely each day, the United States is already marshalling its forces to silence domestic and international dissent to the conflict. In this episode, I examine...

How World Leaders Justify Mass Murder ft. Laurie Calhoun Ep. 212

https://youtu.be/LuhS86vS9nY Laurie Calhoun joins me to discuss her book "War and Delusion," where she details how world leaders have used Just War Theory to wage wars of aggression. Further, we pose the question: In the modern era, is a "just war" even possible? We...

Year Zero

The Network w/John Robb

John Robb joined me to talk about the network, its operations, where it fails, and why he thinks conspiracy theorists are wrong. Global Guerillas Substack Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

America’s Response to the War in Ukraine w/Dave DeCamp

Dave DeCamp joined me to discuss the American reaction to the war in Ukraine. We discuss how the sanctions and information war seem to be targeting Americans rather than the Russian politicians. Is the Biden Administration utilizing propaganda to manufacture consent...

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