Economic Policy

By borrowing money and “creating” new jobs, the government is creating the illusion of a strong economy. This does not end well.

There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem. 

Government employees generally have sweeter pension plans compared to private-sector employees, but government pensions are purposely underfunded. No worries for government employees: taxpayers will pick up the slack.

By borrowing money and “creating” new jobs, the government is creating the illusion of a strong economy. This does not end well.

There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem. 

While the creator of modern portfolio theory was awarded a Nobel Prize, that doesn't mean the theory isn’t flawed. In fact, it explains very little about investments.

Economist Antony C. Sutton understood one of the most fundamental economic truths: gold is money. Thorsten Polleit reviews Sutton’s classic book, The War on Gold.

Environmentalists deride what they call “greenwashing,” which involves making a public show of supporting environmental causes but not changing business practices. There is some truth to the term, but environmentalists fail to see a larger picture.

Much government regulation — and especially what we saw during the covid era — is downright illogical and produces harmful results. Perhaps some simple logic is in order.

America's famous Corn Belt should better be known as the nation's Subsidy Belt.