When Balancing the Budget Hurts the Economy
The budget surpluses under Milei should be a cause for further cutting government revenue and deflating the money supply. But that's not happening.
Power & Market
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With the Assange Guilty Plea, the US Government Further Destroys the Rule of Law
A long battle surrounding Julian Assange has finally come to an end.
There’s No Good Reason for the Fed to Have an Inflation Target
Alexander Salter argues that “there’s no good reaso
Stop Taxing Tips
Eliminating taxes on tips will provide some (limited) relief from the Federal Reserve’s inflation tax.
Trump’s Faulty Tariff Scheme
Donald Trump recently addressed top CEOs with a proposal that he sells as helping to reduce income taxes.
Thomas DiLorenzo Discusses Federal Reserve, Inflation, and Austrian Economics
In a recent episode of the Money Metals Podcast, Mike Maharrey interviewed Tom DiLorenzo.
Welfare Policies have Great Consequences
In discussions of politics, it is common to see politicians praised for policies and programs that expand the welfare state.
Commercial Bank Chickens Come Home to Roost
The FDIC added 11 new banks to its Problem List in the first quarter of 2024, bringing the total to 63.
The Establishment Survey Overestimated Job Creation by nearly 700,000 in 2023
The most recent QCEW report revisions show—not surprisingly—job gains for 2023 totaling more than 690,000 below the Establishment survey.
BLS: The Private Sector Lost 192,000 Jobs in Q3 2023
The most recent Business Employment Dynamics (BED) summary from the Bureau of Labor Statistics shows that the US economy lost 192,000 private-sector jobs during the third quarter of 2023.
