U.S. Economy

President Trump’s latest national security initiative is unlikely to make the US secure from outside danger. For that matter, Trump’s own internal policies are making this country less secure.

Even Milton Friedman—who never supported gold as money—admitted that a monetary system based on gold  would “take care of itself.” Instead, our money is created and manipulated by the politicized hand of government and is based on theft.

President Trump’s latest national security initiative is unlikely to make the US secure from outside danger. For that matter, Trump’s own internal policies are making this country less secure.

From an Austrian perspective, the Panic of 1893 provides key lessons, but this consequential panic has not received as much direct attention as it deserves.

From an Austrian perspective, the Panic of 1893 provides key lessons, but this consequential panic has not received as much direct attention as it deserves.

The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”

The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”

Like his predecessor, President Trump unsuccessfully tries to convince Americans that their economic pain isn’t real, but Americans know the difference.

It’s difficult and often dangerous to depend on the government. But statists, no matter the problems, will often say government services aren’t fully funded; that almost all these services should be expanded.

Financial bubbles, which used to be rare, have become a way of life, thanks to a quarter century of easy money policies from the Federal Reserve System. We need to better understand how bubbles form and why they are so harmful.