U.S. Economy

The Fed promises a soft landing, but the fact that the Fed now plans to start cutting interest rates is one of the strongest recession signals we can get.

John Tamny and Jack Ryan get heretical about housing. They argue, in part, that owning a home comes with significant costs and may not be "worth it," however, individual consumers decide what costs they are willing to undergo and what is "worth it" for them.

With the US government engaged in out-of-control spending, we are looking at tax increases in the coming years. And even if Congress does not pass official tax hikes, we will see the government seizing wealth via inflation.

The US will add another $2 trillion to the total debt this year, and the US is now spending a trillion of your dollars on interest per year. There is no end in sight.

Ryan and economist Jonathan Newman look at what happens when governments try to control prices. It turns out bad things happen. 

We already knew recent jobs report—as far as the establishment survey is concerned, were based largely on made up numbers.

Although John Kenneth Galbraith promoted socialism and Keynesianism, at least he was an entertaining writer. His book, The Great Crash, 1929, provides a readable history of the stock market crash that helped bring on the Great Depression.

Unlike the federal government, local entities cannot print their own money and they are subject to economic boom and bust cycles.

The Fed for many years has manipulated the money supply in order to attempt to keep interest rates below market levels. At some point, however, the market prevails in one way or another.

Is the United States on the fast track to ruination? Or, could a so-called Democratic Socialist government be a role model for the US?