U.S. Economy

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.

It's fitting that the G7 recently met in Hiroshima because the policies they are following are blowing up the world economy.

On this episode of Radio Rothbard, Ryan and Tho are joined by Mises Senior Editor Bill Anderson to discuss his recent article, "David French Gets to Sit with the Cool Kids at the NYT Lunch Table."

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.

Contrary to the still-enduring myth about Republican budget cutting, there is no correlation whatsoever between Republican control of DC and the trajectory of federal spending.

Socialists like Bernie Sanders and the editors of Jacobin have decried the possible US government debt default. Marx and Lenin would have vociferously disagreed.

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.

Deficits, whichever way you look at them, cause grave economic problems.

While the faux debt ceiling drama rages in Washington, DC, governments worldwide are defaulting on their debt via inflation.

Deficits mean that the federal government is spending more than it is taking in in taxes.