Why Biden’s Spending Is Unsustainable
It's popular for politicians to claim they will never cut Social Security. But doing nothing now about the program means imposing an even larger hit on seniors in the future.
U.S. Economy
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Odds Are Rising That the Fed Will Trigger the Next Bust
As the Fed "fights inflation" by increasing interest rates, its actions will not produce the hoped-for "soft landing," but rather the hard bust.
The Fed’s “Disinflation” Story Just Flew Out the Window
People are making painful adjustments. What will the Fed do?
The Coming Recession Will Be a Global One
While the Biden White House claims we are on a steady course of prosperity, the more realistic future is that of a global recession.
The Austrian Edge: Leveraging the Austrian Perspective in Business
Recorded in Tampa, Florida on February 25, 2023.
No, Red State Economies Don’t Depend on a “Gravy Train” from Blue States
Opponents of "national divorce" like to claim that red states would be broke without a flood of money from wealthier, productive blue states. It's not true.
Food and Shelter Prices Keep Climbing as CPI Growth Hits a Three-Month High
We're still living with the consequences of the massive monetary inflation by Trump and Biden. Prices are stubbornly high, and falling real wages are driving Americans to say things are getting worse.
Yes, the US Government Has Defaulted Before
While the 1979 default was relatively small, the 1934 default affected millions of Americans who had bought Liberty Bonds mistakenly thinking the government would make good on its promises.
