U.S. Economy

Mark Thornton argues that government efforts to hold down oil prices may be prolonging shortages and setting the stage for an even worse energy crisis.

The infamous Housing Bubble collapsed 18 years ago, and our economy has never truly recovered from it. Instead, the government became even more financially irresponsible.

The AI boom is consuming electricity, water, land, and capital at extraordinary rates.

The Federal Reserve’s inflation machine not only disrupts our lives now, but makes life difficult for future generations.

As debt, inflation, and war erode trust in Washington, Mark Thornton argues that real reform must come from the bottom up—not from the political establishment.

New price inflation data from the federal government shows that rising prices are outpacing wage growth yet again. Overall inflation is broader and bigger than forecasters have expected, and it's not just being caused by the War in Iran.

Although not altogether “Austrian,” Leggett nevertheless anticipated several insights associated with Austrian economics and especially monetary theory.

Mortgage rates are at historically normal levels. They are not "too high." On the other hand, home prices are too high after years of subsidy from artificially low rates and government intervention. The answer to the stagnating market is to cut prices.

According to Milton Friedman, the Great Depression happened because the Federal Reserve followed a “tight” monetary policy. The truth is that the Fed's loose monetary policy during the 1920s created the conditions for a crash and subsequent depression.

Despite the real damage the Trump administration is doing to the economy, its cheerleaders in the Cabinet continue to insist all is well. This is beyond wishful thinking.