Taxes and Spending

As the economy slowly deteriorates, consumer debt rises. In the meantime, the Fed is pushing up interest rates to deal with the inflation it caused. This does not end well.

While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits.

There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.

The Trump administration doled out $700 million in CARES “loans” to trucking firm Yellow. Now Yellow has gone bankrupt, and the taxpayers may foot the bill.

Dr. Jonathan Newman joins the show to talk about his doubts of a "soft landing" for the economy, and the lies being told to sell Central Bank Digital Currencies.

When it comes to the debt ceiling, political parties are irrelevant, and the recent debt ceiling drama, was little more than a sham. 

While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits.

Governments do two things: they grow and they deprive citizens of their wealth. That process has not changed for more than a century in the USA.

The political passion for "social justice" is creating a larger free-rider problem and a problem of injustice.

The political passion for "social justice" is creating a larger free-rider problem and a problem of injustice.