unemployment

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,...

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...

Caution or Catastrophe: Public Health’s COVID Response

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Throughout the COVID-19 pandemic, proponents of lockdowns, shelter-in-place orders, mask mandates and other coercive government interventions have characterized these measures as benevolently “erring on the side of caution.” Now, as the grim toll of those public health measures comes into ever-sharper focus, it’s increasingly clear those characterizations were terribly wrong. What’s less readily apparent, however, is how the very use of the “erring on the side of caution” framing was injurious in itself—by thwarting reasoned debate of public health policies, diverting attention from...

The Real ‘National Emergency’ in Canada is Trudeau

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On February 14, Justin Trudeau invoked emergency powers to crack down on the peaceful truckers' protest in Ottawa. The Emergencies Act became law in 1988, and it has never been used until now. The act contains “a specific definition of “national emergency” that makes clear how serious a situation needs to be before the Act can be relied upon. A national emergency is an urgent, temporary and critical situation that seriously endangers the health and safety of Canadians or that seriously threatens the ability of the Government of Canada to preserve the sovereignty, security and territorial...

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...

The War In Afghanistan Is Over, But Its Economy Is Collapsing

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While the Washington D.C. ruling class lectures the world about morality and human rights. "They're witnessing a sharp rise in cases of malnutrition here and across the country, with both mothers and young infants in particular unable to get enough food. The UN has warned that one million children are at risk of dying due to starvation over the coming months. International support, which propped up the previous government, was withdrawn after the Taliban takeover in August, whilst the country's foreign reserves, totaling around $10bn, have been frozen - chiefly by the United States."...

What a 40-Year Inflationary Peak Is Doing to Your Wages

According to new data released Friday by the Bureau of Labor Statistics, price inflation in November rose to the highest level recorded in nearly forty years. According to the Consumer Price Index (CPI) for November, year-over-year price inflation rose to 6.8 percent. It hasn't been that high since June 1982, when the growth rate was at 7.2 percent. November's increase was up from October's year-over-year increase of 6.2 percent. And it was well up from November 2020's year-over-year increase of 1.13 percent. This surge in price inflation comes only a week after Fed chairman Jerome Powell...

The Media Is Lying To You About Inflation

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With the recent rise in inflation—with subsequent increases in both consumer and producer price levels—one suspects that sooner or later people on the left either would downplay it or find a way to spin the bad news into something positive like an alchemist would want to spin straw into gold. Both accounts have arrived, thanks to the New York Times and the hard-left publication, The Intercept. The various accounts in the Times hardly are surprising, given the link the paper has to the nation’s political, economic, and academic elites, and given that these are the people that have created...

The Federal Government Is Whipping Companies Into Enforcing Vaccine Mandates

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Advocates for vaccine mandates—led by the Biden Administration—are apparently unconcerned that the mandates are likely to drive down total employment and reduce access to government services. In many cases these are the same services that mandate-pushing politicians have always insisted are utterly “critical” and must be expanded. Instead, the party is taking the position that the drive for vaccination must be placed before all other values in society, including public safety and employment for working class Americans. The whole affair helps illustrate, yet again, the problem of allowing...

News

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.

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

6/17/22 Douglas Macgregor on the Lies Getting Ukrainians Killed

 Download Episode. Scott is joined by retired Col. Douglas Macgregor to discuss an article he wrote about the war in Ukraine. Macgregor points to the lies that got us into a situation earlier this year where a Russian invasion was inevitable and the lies that are...

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

10 “Pro-Choice” Arguments – DEBUNKED (w/ Kristan Hawkins)

https://youtu.be/vgo8Uys-Xs4 The glory of the human race is the uniqueness of each individual, the fact that every person, though similar in many ways to others, possesses a completely individuated personality of his own. It is the fact of each person’s uniqueness —...

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...

Liberty Weekly Podcast

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...

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...

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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