Unless the current administration acts to reverse this ongoing period of easy-money fueled spending, deficits, and asset price inflation, we can expect to see ongoing problems with stubborn stagnation.
A recent visitor to Japan found appreciation for some of its cultural habits that align with libertarian values: the supremacy of voluntary exchange, the inviolability of private property, and the ethic of not interfering with others.
With 1.95 million workers continuing on the unemployment rolls, the total is at the highest since the covid panic. If we exclude the covid period, we're looking at the highest since March 2018.
Despite the chaos and nonsense coming from the different factions involved, neocons and enemies of peace and freedom in America have been revealed.
The enormous surge in the national debt comes as Congress and President Trump approved the latest omnibus spending bill, which included an increase to the debt limit of $5 trillion. (That‘s the largest increase to the debt limit ever.)
These restrictions clearly violate property rights, freedom of speech, and the spontaneous order of the free press.
The Mises Institute is proud to announce that Dr. Steve Hanke has accepted a new position as Senior Distinguished Fellow at the Mises Institute.
The Trump administration is doing nothing to rein in deficits, and it's clear that whatever revenue may come in from tariffs is not enough to offset the new spending increases the administration has pushed.
If President Trump really wanted to help Israel he would inform Netanyahu this week that not another US dollar would be sent to prop up his government.
Twentieth and twenty-first century monetary history shows us how our government, step-by-step, removed the monetary gold standard and introduced their fiat paper currency dollar to fund their increasing political power.
