U.S. Economy
Inflation Is a Giant “Skim” on the American People
Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected.
American Prosperity Is Greater than Most of Us Realize
Compared to how most other people in the world live, Americans have a high standard of living. And despite the talk about inequality, there is more economic and social mobility here than anyplace else.
Eurodollars as a Fractional Reserve Market
We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars.
Consumer Credit Is Expanding Even While the Fed Pushes up Interest Rates
As the economy slowly deteriorates, consumer debt rises. In the meantime, the Fed is pushing up interest rates to deal with the inflation it caused. This does not end well.
Easy Money Is a Much Bigger Economic Problem than Debt
While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits.
Why Stabilization Policy is Destabilizing
The call for "price stabilization" was part of the recent Republican debate. Despite its attractive appearance, having the Fed try to "stabilize prices" is a very bad idea.
Navigating by the Stars on a Cloudy Night
Mark suggests that you prepare yourself for big negative surprises in the economy and additional government power grabs.
There Is No Fed Magic Trick to Achieve a Soft Landing
There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.
Is the US Banking System a House of Cards Waiting to Topple?
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.