U.S. Economy

Mark Thornton takes a look back at US stock markets, the national debt, and Fed policy.

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 fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality. 

The empty shopping mall: a story of how government actions created a huge malinvestment in western Pennsylvania.

Ryan and Tho feel obligated to discuss the State of the Union address.

We have experienced an unprecedented increase in the standard of living throughout the world. But recent developments have been blocking progress for the past several years.

As life expectancy has risen, so have runaway costs. Raising the age won't make Social Security just, prudent, or wise. But cutting federal spending is always the right thing to do. 

A recession looks more likely every day, and the latest sign of this is slowing price growth in producer prices. After all, price inflation usually slows as the economy weakens and consumers run out of easy money.

Mark Thornton discusses the history of record low unemployment rates and the business cycle.

The imposition of minimum wages harms the economy, although there are nuances in how much harm they cause. It is better not to impose minimum wages at all.