U.S. Economy

Politicians say "greedflation," and profits are what fuels rising prices, but the real culprit is fiat money creation fueled by the central bank. 

While we experience the predictable economic consequences of bad economic policies, the two main presidential candidates seem to be competing in an unspoken contest to demonstrate profound economic illiteracy. Unfortunately, whoever wins in this contest, we lose.

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.