U.S. Economy

Will the Fed be successful with its "Immaculate Disinflation"?

Forget minding your own business. Ours is the age of invasive politics, demanding we take sides no matter how much we would like to be left alone.

Ryan McMaken and Tho Bishop discuss Jay Powell's exercise in Fed-speak this week.

While President Joe Biden's White House continues to give happy talk about the economy, some major economic storm clouds are brewing. The future does not look good.

The government can't return the SS money it stole in the past. It's impossible. That money's gone. Taxing today's workers to "pay back" pensioners is just creating a new group of tax victims. 

Fiat money is the fuel of the modern Leviathan state. If we wish to have freedom, we must have sound money.

Government interference into money creation and production harms the economy in a number of ways, including skewing the organization of division of labor.

One of the modern progressive buzzwords is "stakeholder capitalism," in which people with no direct connection to a firm somehow have a "stake" in what the firm does. It is an incoherent term.

What happens to a society when spending is encouraged and saving is for chumps? 

By itself, the end of the petrodollar won't destroy the dollar. But it will continue a trend that weakens both the dollar and the US regime's power.