U.S. Economy

By corrupting the meaning of inflation, mainstream economists have given a false picture of what happens when monetary authorities expand the money supply. Mises and Rothbard understood.

We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars.

Mark revisits his March 2023 episode on the high price of toilet paper.

The Trump administration doled out $700 million in CARES “loans” to trucking firm Yellow. Now Yellow has gone bankrupt, and the taxpayers may foot the bill.

When it comes to the debt ceiling, political parties are irrelevant, and the recent debt ceiling drama, was little more than a sham. 

President Biden announced recently to much fanfare that his administration will transform the US economy through central planning. This does not end well.

While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits.

Governments do two things: they grow and they deprive citizens of their wealth. That process has not changed for more than a century in the USA.

The "2 percent" inflation target is purely arbitrary, and mainstream economists can't agree on the "right" level. It's all folly, and Austrian economics explains why. 

Fitch's downgrade of US government debt is a good thing, but not good enough.