U.S. Economy

Mark Thornton cuts through the noise to explore the real economic threats facing America.

If a politician claims that he cares about the national debt, but then won't make big cuts to current federal spending, he's either a liar or a fool. 

Trump has even dubbed himself “a Tariff Man.” This is nothing new, however, his frequent claims regarding the US economy during the Gilded Age need scrutiny.

Trump has tried to claim that he favors "Main Street over Wall Street." Unfortunately, by pushing aggressive low-interest-rate monetary policy, Trump has put himself squarely in the camp of “Wall Street over Main Street.”

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.