Big Governments’ One-Two Punch: Scope Creep, Then Wartime Deprivation
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.
U.S. Economy
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What Is the Right Inflation Target for Central Banks?
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.
There Are No Constraints on US Government Borrowing
Fitch's downgrade of US government debt is a good thing, but not good enough.
Soft Landing? Not Likely
Jonathan Newman joins Bob to explain why the data still support the case for recession and point out the eerie similarity to the calm before the storm in 2008.
Hail the Speculators! They Take the Necessary Economic Risks in Our Economy
Speculators are reviled in the media and by politicians and academics. Yet the speculators are the ones taking risks to ensure the rest of us can have more economic certainty.
The Cost of College and Accompanying Student Debt Create a Negative Social ROI
Student debt is a huge social problem, but the reason is that higher education costs themselves have become a major problem and are a financial burden whose costs outweigh its benefits.
FedNow Isn’t a CBDC, but It Is Dangerous
While FedNow seems benign, there is the larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse.
Can Fractional Reserve Banking Survive the Twenty-First Century?
Banker and financial expert Caitlin Long believes that fractional reserve banking is closer than ever to collapse, and she has a 100 percent reserve banking solution in progress.
