U.S. Economy

Far from being a true measure of economic health, GDP is a misleading economic statistic that implies consumer and government spending grow the economy. When government spends, GDP increases.

While President Trump‘s tariffs certainly are causing economic harm, they alone could not cause a recession had there not already been years of artificial credit expansion.

Mises Institute President Thomas DiLorenzo joins NTD News to break down the real impact of Trump's tariff policies.

President Trump‘s recent assertions that the Fed should lower the discount rate puts him squarely in the middle of Fed politics and exposes the messy truth that the Fed is not an independent group of experts but rather a tool of the political system.

President Trump issued separate presidential proclamations to increase tariffs to 25 percent on all US steel imports and raise tariffs from 10 to 25 percent on all aluminum imports. What are some of the unintended consequences?

The most enduring economic myth of the twentieth century is the idea that FDR‘s New Deal pulled America out of the Great Depression. In truth, his policies destroyed the hopes of millions.

President Trump has declared today “Liberation Day,” because many of his tariffs come into force. His team is taking a gamble that either the law of supply and demand does not apply to trade or that the American public will be uncharacteristically fine with higher prices.

Patrick Newman joins Bob to discuss Simon Kuznets’ role in developing GNP and GDP metrics and Kuznets’ concerns over how government spending is accounted for in economic statistics.

International trade is the topic du jour. Mark Thornton shares his recent presentation on a timely and important book featuring many of your favorite authors.

While Ben Bernanke has accused free market and sound money advocates of pursuing “discredited” systems, he and his lieutenants were following a truly discredited way of thinking: socialism. The man who supposedly “saved the world” actually destabilized it.