U.S. Economy

Mark Thornton argues the AI data-center bond boom is the latest techno bubble—cheap-money malinvestment dressed up as a new era.

The US economy these days seems to have a distinctive “K” shape, with asset owners riding the upward slope and everyone else the downward slope. But, while true, the reason for this situation is not what the ruling classes are claiming. The Austrians have the better explanation.

Both Brazil and the US had slavery in the 1800s, but the US economy flourished while Brazil’s languished. If slavery was the engine for US economic growth, as leftists claim, then why didn’t Brazil's economy match that of the US?

Both Brazil and the US had slavery in the 1800s, but the US economy flourished while Brazil’s languished. If slavery was the engine for US economic growth, as leftists claim, then why didn’t Brazil's economy match that of the US?

Mark Thornton argues Washington’s political theater cannot paper over the mounting costs of war, sanctions, debt, and inflation.

On this episode of Power & Market, Ryan, Connor, and Tho talk about new highs in bond yields, why that matters, and whether or not a new round of $5,000 Trump bucks will solve America's affordability crisis.

Treasury Secretary Bessent recently claimed that the truly ruinous national debt really isn’t a problem because we will “grow” our way out of it. That is highly unlikely.

Mark Thornton argues Washington is trying to manage bond yields, suppress gold’s warning signal, and sell AI as an inflation cure—even as debt and malinvestment pile up.

Public employee unions have used their built-in advantages to damage this country’s political economy and work hardships on taxpayers.

Donald Trump may have declared, “I love inflation,” but for regular families, inflation is perhaps their worst enemy.