The Green New Deal was proposed in 2019 and became the legislative centerpiece of the Biden administration. Like the first New Deal, it has garnered favorable media coverage, legislative hype, unkept promises, and a dismal track record.
Politicians and central bankers assure us that they are diligently “fighting” inflation. Actually, they are fighting inflation the same way that an arsonist fights against the fires he just set. Government is the inflation arsonist.
The bond market is sending a message to the US government that its spending is out of control.
The ruling classes and their media blamed the 2008 financial crisis on free markets and too little government regulation. However, because the Federal Reserve promised to help cover losses in financial markets, it practically invited reckless behavior.
Is the US headed for hyperinflation? Mark Thornton dives into the national debt crisis, historical collapses, and the three stages of financial doom.
The goalposts are continually changing (more like fallacy-hopping), but one would-be goal of tariffs needs to be confronted—tariffs for domestic job protection.
According to Keynesian “economics,” central bank interest rate cuts will make the economy stronger—unless the economy is in a “liquidity trap.” The truth is that these kinds of monetary tricks actually weaken the economy.
The principle of Occam‘s Razor states that we should avoid superfluous activity. When it comes to our monetary system, however, the Federal Reserve System doesn't simplify things, but instead complicates the economy. That alone is reason for it to be abolished.
Mark Thornton exposes the real threat to our economy—and it’s not what you’ve been told.
Far from being a true measure of economic health, GDP is a misleading economic statistic that implies consumer and government spending grow the economy. When government spends, GDP increases.
