U.S. Economy

The Fed is winging it, but most on the FOMC believe only two more rate hikes are in the works, and then it's back to flooding the market with easy money. 

America's military technocrats (a.k.a. "generals") specialize in losing wars and also losing your money. Naturally, Congress wants to give them even more taxpayer cash.

Economists like Paul Krugman have claimed that practice of austerity in government would damage the US economy. As Mark Thornton points out, the opposite is true: austerity works.

Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.

It's odd for Joe Biden to celebrate an inflation report that still has price inflation growth over 7 percent, especially when real wages are falling and a recession looks more likely every hour. 

While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom.

Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent.

From March 2022 to November, the number of total employed persons has only increased by 12,000 people meaning there are fewer employed people now than before the covid panic.

The so-called green energy strategy is no strategy at all. Instead, it is an attempt to cripple the energy industries in vain hopes that renewables will magically cover the energy shortfall.

Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.