U.S. Economy

Is “austerity” in the future for the US Government? Awash in debt and facing economic crises, the government may have to go on a diet, something neither Congress nor the president want to do.

Austrian economists agree that ending the Federal Reserve System would be a major step forward in reclaiming sanity in government spending and bolstering the US economy. Here is one plan to make ending the Fed a reality.

Our current paper fiat money system comes from a long process of building up state power that destroyed private money, ended truly private banking, and abolished the market system of competing currencies. It took 300 years, and we are now facing the inflationary results. 

Although tariffs and other issues are getting the most news coverage, a harbinger of recession is looming: the slow collapse of commercial real estate values. This is the result of reckless policies at the Federal Reserve and the Fed cannot fix it.

Boom, bust, repeat. The Fed fuels bubbles, and now we’re watching them pop. Mark Thornton joins Scott Horton to dissect the economy’s next moves.

Thanks to the reckless policies of the Federal Reserve, businesses are now facing the realities of an economy ravaged by inflation. Look for more signs that say “Closing.”

Ryan McMaken and economist Jonathan Newman look at the government's alleged $750 billion gold reserve, how it got there, and why it's time to privatize the gold.

As Elon Musk and his crew scour the federal government to see what needs to be culled from the herd, there is an obvious agency that cries out for elimination: the Federal Reserve System.

President Trump has promised “billions and billions” of dollars in new revenue from his tariffs not to mention economic rejuvenation. The odds are not in his favor, to put it mildly.

President Trump has indicated that a recession could be coming and the pundits are playing the blame game. Don‘t look to anyone in Washington for a coherent explanation for the downturn, however. Look to the Austrians instead.