U.S. Economy

Mises and Hayek used "classical liberal” to distinguish themselves from the Left. Today the term is used primarily to appease the Left.

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.

While high-quality automobiles and other manufactured goods are being produced in the Southeast, northeastern states like New York are falling behind, thanks to progressive governance.

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.

Nearly everyone has heard of Bernie Madoff and rightly associates his name with financial fraud. Yet, the Social Security system is built on a Ponzi scheme similar to what Madoff created.

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.