stimulus

7/22/22 Jeff Deist on Inflation, the Housing Market and the Death of Savings

 Download Episode. Scott is joined by Jeff Deist, the President of the Mises Institute, to discuss the bizarre economic moment we are living through. Deist puts into perspective the historic levels of economic stimulus that the Federal Reserve injected into the economy in 2020. The intervention was unprecedented in both scale and speed, and we’re already feeling the effects. Scott and Deist talk about the state of housing markets and where in the past we should look to better understand where the economy is headed.   Discussed on the show: Episode where Bob Murphy and Jon Schwarz Debate...

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 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...

Sanctions Don’t Hurt Only Russia

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The escalation of tension in Ukraine has reminded us of something many investors seemed to have forgotten: geopolitical risk. Sanctions and the inevitable drop in trade have proven to generate a significant negative impact on the different economies involved. We know from the 2014 Ukraine crisis that the economic hit is severe and persistent. The economic hit of sanctions is undoubtedly highest for Russia. The International Monetary Fund (IMF) estimated in 2015 that “Western sanctions and Russian countersanctions reduced Russian real gross domestic product (GDP) initially by 1–1.5% and...

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...

Inflation Is Robbing Your Pocket, Whether You Realize Or Not

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All across the economic dashboard, inflation indicators are blinking red. Most recently, the Personal Consumption Expenditures (PCE) index, calculated by the Bureau of Economic Analysis, rose 5.7% from November 2020 to November 2021. That’s the biggest year-over-year surge since September 1983. Many mistakenly attribute today’s rising prices solely to supply chain woes, and government officials are happy to fertilize that mythology—as Kamala Harris reflexively did last week in her rambling, didn’t-do-the-reading response to a question from Margaret Brennan: The truth is, in the words of...

Biden’s Keynesian Course: Riding the ‘Multiplier’

White House Chief of Staff Ronald Klain tweeted on Wednesday: “Stronger COVID measures produce STRONGER ECONOMIC outcomes.  That’s why jobs, growth, and economic activity are UP this year, significantly over last year.” Actually, jobs and economic activity have rebounded because governors are no longer locking down businesses, schools, and daily life. But Biden’s team is painting its latest COVID decrees as the key to renewed prosperity. Biden’s team is tacitly invoking a long history of multipliers to justify government interventions. In the 1930s, John Maynard Keynes popularized the...

2% Inflation Is Killing Us

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Fed chairman Jerome Powell is increasingly under fire for his apparently inability to take inflation seriously or admit it may be more than “transitory.” There’s been much talk of tapering the Fed’s enormous asset purchases, yet—as is typical for the Fed, actual action remains scheduled for some nonspecific time in the future. And if the economy weakens, as an increasing number of observers expect it to do, the Fed will surely chicken out on tapering and keep the money spigots open. Yet as recently as August the Fed and its officials routinely warned that there wasn’t enough inflation and...

The Fed Is Planning For More Inflation

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In late August, Fed chairman Jerome Powell suggested that the Federal Reserve would begin tapering before the end of the year, an admission that price inflation was rising above the 2 percent target. Nonetheless, the Fed took no immediate action in the following month. This week, Powell again suggested a taper would begin soon, stating it would begin soon enough that the process could "conclud[e] around the middle of next year," and maybe could begin in November. This, of course, was highly conditional, with Powell noting this taper would only happen if "the economic recovery remains on...

News

News Roundup 8/18/2022

US News Air Force Special Operations Command’s CV-22 Osprey aircraft fleet has been grounded over unknown issues with the clutch. Defense News China A top US military commander said Tuesday that the US must “contest” China’s missile launches over Taiwan that were...

News Roundup 8/17/2022

US News The Department of Education will forgive student loans for ITT Technical Institute students from January 1, 2005 until it closed in 2016. Over 200,000 former attendees of the school will have $3.9 billion forgiven. Market Watch The Army transferred control of...

Blog

Attention Fellow Philosophers: The Protestant Libertarian Podcast

On a recent episode of The Protestant Libertarian Podcast, Alex Bernardo and Laurie Calhoun discuss the MIC, its cultish features, the war on terror, Ukraine, war propaganda, and what to do about all of it. This relatively new podcast also has episodes on Ludwig...

RIP Michael Badnarik

I am told this morning that Michael Badnarik died in his sleep of heart failure last night. Michael was a great believer in and defender of freedom and the United States of America and its Constitution. He represented the Libertarian Party as presidential candidate...

KPFA Saturday Evening News–How Violence Breeds Violence

Short contribution of Laurie Calhoun to the KPFA Saturday Evening News on August 6, 2022, with David Rosenberg about drone assassination and the logic of “violence breeds violence”. This three-minute exchange spans 5:10-8:15. Many other foreign policy topics are also...

The Scott Horton Show

Conflicts of Interest

COI #312: UN Peacekeepers Commit Rampant Sexual Crimes in DR Congo

On COI #312, Kyle Anzalone discusses the Congo, Russia and China. Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash Qp6gznu4xm97cj7j9vqepqxcfuctq2exvvqu7aamz6 Patreon Subscribe...

COI #311: The White House Will Continue to Push Beijing

On COI #311, Kyle Anzalone discusses Russia, China and Africa.   Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash Qp6gznu4xm97cj7j9vqepqxcfuctq2exvvqu7aamz6 Patreon...

COI #310: Was the Al-Qaeda Leader Killed in Afghanistan?

On COI #310, Kyle Anzalone and Connor Freeman discuss Iran, Israel and Afghanistan.   Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash...

Don't Tread on Anyone

10 Debunked Conspiracy Theories Democrats Still Believe!

https://youtu.be/DG99R2dB8eg The problem with political decisions isn’t that most of us don’t get our own way. It’s also that these decisions are usually imposed on us against our will, by threats of violence...Democracy, as we practice it, is unjust. We expose...

The Utilitarian Case for Voluntaryism

https://youtu.be/mO0Wi-elguk If I try to take something from you, you will resist, imposing costs on both of us in the form of property damage and bodily harm, in addition to the cost of security you may incur to prevent future acts of coercion. It’s not just that...

The State is the Health of War

https://youtu.be/WnvtYw_QKQE Critics often dismiss private law by alleging that disputes between enforcement agencies would lead to combat — even though this happens between governments all the time! In truth, the incentives for peaceful resolution of disputes would...

Liberty Weekly Podcast

Josh Rogin, Propagandist Ep. 228

https://youtu.be/KOfe5385Pjw In this episode, I profile one of this era's most influential neoconservative voices, Josh Rogin. Rogin is a twice weekly columnist at the CIA Washington Post, where he advocates for US interventionism in every possible foreign...

Pelosi’s Pickled Provocation Ep. 227

https://youtu.be/6t0w03HduRI In the last two weeks, I spent a great deal of time covering Nancy Pelosi's reckless diplomatic visit to Taiwan. As a part of my coverage, I made a panel appearance on Around the Empire with JoAnne Leon and was glad to be a guest on It's...

Lies, Damned Lies, & War Propaganda ft. Prof CJ Ep. 226

  https://youtu.be/Qp4xpGlxsx8 In this week's episode, I invited Prof. CJ of the Dangerous History Podcast on to talk about Part I of his current podcast series. In Part I, Prof. CJ explores the "massive British propaganda operation in the US that ran from...

The Danger of the Fake China Threat ft. Joseph Solis-Mullen Ep. 225

https://youtu.be/OEcx1yQn6ic This week, I invited Joseph Solis-Mullen on the show to discuss his most recent article published at the Libertarian Institute. The article, entitled "The Fake China Threat and Its Very Real Danger" does an excellent job of demonstrating...

Year Zero

Tim Pool is Wrong About China w/ Patrick MacFarlane

Patrick is back, and this time we’re discussing how and why Tim Pool is wrong about China. Liberty Weekly Patrick Twitter Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon RyanBunting.com

BTC Vs ESG w/Car

Car from TLE joined me again. This time I wanted Car to address my Concerns about ESG, and how he thought BTC was the answer. Timeline Earth Who is Car Timeline Earth Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

Origins and Myths w/Adam Patrick

Adam Patrick is back to discuss the roots of metaphysical thought and language. Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon RyanBunting.com

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