The Fed

Mark Thornton takes a look back at US stock markets, the national debt, and Fed policy.

While President Joe Biden's White House continues to give happy talk about the economy, some major economic storm clouds are brewing. The future does not look good.

The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality. 

Ryan and Tho feel obligated to discuss the State of the Union address.

Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.

Mark Thornton discusses the history of record low unemployment rates and the business cycle.

Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.

Will the Fed be successful with its "Immaculate Disinflation"?

Ryan McMaken and Tho Bishop discuss Jay Powell's exercise in Fed-speak this week.

What at first seem like gifts from the state (handouts for some at the expense of others) lead to unfortunate events that cannot be stopped once begun.