Reactions to the latest jobs report focused on the unexpectedly large increase in total employment. There was a large increase in private employment over the past month. This is good news. The ratio of Federal to private employees also declined last month. This relative decline in Federal employment is good news, public agencies are bloated, overstaffed (as seen in the next graph).

Prof. Dr. Karl-Friedrich Israel delivers the Laudatio in honor of Dr. Ron Paul, recipient of the 2026 Hayek Medal awarded at the Annual Conference of the German Hayek Society on May 22, 2026, in Münster, Germany. 

Federal law has long allowed the government to try to denaturalize foreign-born U.S. citizens who officials believe committed fraud to obtain their citizenship.

There is a high likelihood that, due to the past large decline in the yearly growth rate of the money supply, the US economy is heading towards an economic bust. Note that the yearly growth rate of money supply fell from 79 percent in February 2021 to minus 7 percent by May 2023.

If prices rise, it is assumed that the same monetary process must be at work; if the quantity of money increases, some kind of “boom” must be lurking. Even a large inflow of commodity money into a free market is thought to generate a mild or temporary version of the business cycle. Its apparent absence is attributed merely to the rarity of such inflows and the cost and slowness of mining, rather than to any fundamental difference in the underlying process.

“It can happen to you, or it can happen with you, but it will happen.” — Mark Tauschek, The Age Of Exponential IT Is Here

First, let me acknowledge the influence of the late Mogambo Guru with the appearance of “freaking” in this article’s title. I considered it an appropriate amplifier. I hope you will, too.