The first thing any economist should do when reading a budget proposal is to analyze the basic macro assumptions and the results presented by the administration. When both are poor, the budget should be criticized. This is the case of the Biden Budget Plan.

Same growth, a lot more debt and less employment.

According to the administration, the impact on growth of this budget will be negligible, as their own—and optimistic—estimates see no change in the slowdown of the US economic growth trend.

“If the market continues to see wild swings based on Elon Musk tweets, it’s going to be a big setback for this asset class,” Matt Maley, chief market strategist for Miller Tabak + Co. told Bloomberg. “The fact that it sees such wild swings to the tweets from one person takes away the legitimacy of the asset class.”

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In twenty-first-century America, millions of Americans—Christians and social conservatives especially—are finding that the nation’s most influential institutions appear to be implacably hostile toward them.

In Human Action, Mises anticipates an issue that has been at the heart of political philosophy for the past thirty years or so. The discussion in political philosophy has centered on issues raised by John Rawls in Political Liberalism (1993). Rawls says that in modern nation-states, individuals and groups have different “conceptions of the good.” People have religious and philosophical views that lead them to different ideas about how society should be organized and how individuals should act.

The Federal Reserve Bank (the Fed) and the Biden administration are systematically undermining the stability of the American economy with a variety of unwise and destructive policies. The Fed and the administration defend these policies by denying obvious economic truths, which include their own inflation data.