Myth #7: Deflation — Falling Prices — Is Unthinkable, and Would Cause a Catastrophic Depression
Deflation is the hallmark of sound and dynamic economic growth.
U.S. Economy
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Is the Banking Crisis Being Orchestrated?
With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident.
Bidenomics Is Yet Another Version of Failed Industrial Policy
President Biden announced recently to much fanfare that his administration will transform the US economy through central planning. This does not end well.
The Debt Ceiling Debate Was Pure Theater
When it comes to the debt ceiling, political parties are irrelevant, and the recent debt ceiling drama, was little more than a sham.
The G7 in Hiroshima: The Latest Attempt to Impose a Unipolar World
It's fitting that the G7 recently met in Hiroshima because the policies they are following are blowing up the world economy.
The Truth About Bidenomics: More Debt, More Inflation
One of the biggest problems of Biden's neo-Keynesian approach to government budgets is that it leaves households with less money in real terms and the “anti-inflation” measures increase debt and inflation.
Myth #6: There Is a Tradeoff between Unemployment and Inflation
Ideologues seldom give way to the facts.
Two More Elephants in Your Electric Vehicle
On this week's episode, Mark summarizes some problems with taxpayer-subsidized EVs.
Socialists Should Support Government Default: Their Forebears Certainly Did
Socialists like Bernie Sanders have decried the possible US government debt default. Marx and Lenin would have vociferously disagreed.
The Backstops for Banks Are Full of Holes
The Federal Home Loan Bank (FHLB) is the latest "weapon" in the government's so-called arsenal to keep the banking system afloat. But the system needs much more than just "liquidity." It needs sound money and sound banking practices.
