U.S. Economy

Is Big Tech a government creation—as the American Conservative recently claimed—or is it the result of entrepreneurs employing a mechanism created for noncommercial uses? It is both, writes Michael Rectenwald.

Money supply growth slowed even more in October, and is now back to levels we last saw during the repo liquidity crunch of 2019, and in the days right before the 2007–09 recession. 

Cheap money in the last decade has meant good times for companies that barely make money and hire employees who barely work. But those times are now ending. 

One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage.  That hasn't happened.

The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.

Jeff and Bob record a special Thanksgiving on what it really takes to fix the US economy. 

The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.

Ryan and Tho look at conman Sam Bankman-Fried, the scam of FTX, and how regime legitimacy fuels fraudulent companies with unprofitable business practices.

A serious political discussion at the federal level would center on structural problems of war and peace, debt and the dollar, and entitlements. But America in 2022 is a deeply unserious country.

One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage.  That hasn't happened.