Wall Street Prospers While Main Street Suffers
GDP is a ridiculous way to gauge the strength of the economy. While prices on Wall Street remain robust, trouble lurks on Main Street.
GDP is a ridiculous way to gauge the strength of the economy. While prices on Wall Street remain robust, trouble lurks on Main Street.
As we start a new year, it is a good time to take a step back and remember what the past year has taught us.
The Federal Reserve says it can manipulate the money supply to ensure “price stability.” This worsens the boom-bust cycles and undermines the economy.
The Federal Reserve continues to be the not-so-silent partner to the government's reckless deficit spending scheme. While the Fed tries to force down interest, US bond yields are rising, as the markets recognize these bifurcated policies.
From the economy to foreign policy, Ryan, Tho, and Zach take a look at where we're headed in the next year.
Mark Thornton looks forward to 2025—and a little bit backward at 2024—and projects what we might see in the coming new year.
On New Year’s Eve 1974, President Gerald Ford snuck in an executive order legalizing private gold ownership, revoking FDR’s previous policies banning gold “hoarding.”
Most editorialists and pundits have labeled Jimmy Carter's presidency a failure, but his activities after he left office as a rousing success. The truth is that his successful deregulation efforts have left a positive and lasting legacy.
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being "tough" in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies.
We have reached this point: the government keepers of money do not even understand what money is or why inflation is harmful. To them, the real threat to the economy is “deflation.”