U.S. Economy

Debt, tariffs, and money printing: Mark Thornton explains how the policy machine rewires markets, and why metals and commodities react first.

Jonathan Newman tackles the new “Federal Reserve Simulator” game in which players try to match wits against the Fed. As Newman found out, however, the same outcomes occur no matter what information one feeds the simulator. In short, it’s rigged.

Unfortunately, slavery was not just propped up by policy in the slave states, but federally. It is often overlooked that the federal government—not just slave states—had implemented legal protections of slavery by policy for decades.

True prosperity cannot be measured by aggregate spending totals prone to manipulation and malinvestment, but by private-sector health, wage gains across income levels, and genuine productive investment.

Unfortunately, slavery was not just propped up by policy in the slave states, but federally. It is often overlooked that the federal government—not just slave states—had implemented legal protections of slavery by policy for decades.

Do not be surprised if the audience’s applause to Rubio's speech turns out to be short lived. He offered nothing new and much that would result in less security for its members.

Is it theoretically possible to go back to the gold standard? If so, what are some ways it could be implemented?

We now live in a fundamentally altered landscape where old certainties no longer confer fitness.

A historic metals shakeout, a simple “stacking plan,” and a bigger question: how do you stay independent when the system punishes savers?

If one man may legally own another, then he should likewise have the right to disown this property. To deny this right by law involves simultaneously affirming the right of one human to own another as his property but not the right to stop owning another human.