U.S. Economy

Fractional reserve banking by itself undermines both the banking system and the economy. No action by the Federal Reserve can eliminate the threats.

Ryan McMaken and Alex Pollock talk about the Fed's negative cash flow.

The Biden administration has decided that the REAL problem with housing is that the wrong people are saving money and making timely mortgage payments. They must be punished.

Despite "concerns" about increasing federal debt, in the end Republican legislators have gone along with whatever the ruling elites want. The Limit, Save and Grow Act of 2023 is more of the same.

As the Fed increases interest rates to reverse the inflation it has caused, firms that depended on easy money will face the bankruptcy judge. Stay tuned; there's more to come.

With negative growth now falling to near –10 percent, money-supply contraction is now the largest we've seen since the Great Depression. 

Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise.

Mark takes a look at all the wrong predictions of recessions in recent years.

Despite all of the inflation-fighting talk from the Fed, the truth is that the government benefits from inflating the currency. We need to know how to defend ourselves.

Heritage Fellow Peter St. Onge joins Bob to set the record straight on several popular talking points about the debt ceiling.