With US Government bonds being downgraded, another sign that Washington's borrowing and spending is out of control, not that anyone in power is listening. Think of the downgrade as a canary in a coal mine.
It is easy to think of inflation as just being economic in scope. Yet, as inflation becomes an expected part of the body politic, it affects the culture as well, encouraging everyone to try to live beyond their means.
Thanks to massive federal intervention into the housing markets for more than 20 years, the housing crisis is worse than ever. The outlook for multi-family housing is especially bad with a bleak future.
President Trump‘s so-called “One Big, Beautiful Bill” is more of the same: big and bloated. It adds billions to the federal deficit and does nothing to deal with the government‘s ruinous debt. Naturally, the Republicans support it.
The Trump administration has pursued a high tariff policy, reversing the movement to lower trade barriers around the world. The justification for this policy is the presence of trade deficits with other nations. However, what if US trade deficits don't matter?
Bob responds to Oren Cass’s appearance on Tucker Carlson, offering a charitable yet firm economic critique of the anti–free trade ideas gaining ground on the political right.
This week, interest rates spiked as Trump's spending problem convinced investors they want higher yields for trillions of new federal debt.
Mark Thornton reflects on the persistent misconceptions about capitalism in America and offers up a "Marxist interpretation" of our dilemma.
Biden's hidden illness, Trump's surprise foreign-policy pivot, and America's bond meltdown. Don't miss the inaugural episode of the Power & Market Podcast, a weekly news recap from the Mises Institute’s editorial team.
Government protection and deposit insurance slows the inevitable—until it doesn’t.
