Government Spending Is the Real Tax; Deficits Are a Sideshow
While politicians claiming to be "fiscally responsible" call for balanced budgets, the real drag on the economy is government spending itself.
While politicians claiming to be "fiscally responsible" call for balanced budgets, the real drag on the economy is government spending itself.
Airfares may surge 40 percent or more in 2022. This could be the biggest price increase in many decades.
After the 2008 housing bust, the government supposedly set up a fail-safe mortgage program aimed at preventing future bubbles. It failed.
While the covid-19 pandemic brought sickness and death, another pandemic raged through Washington: abuse of executive power.
The combination of covid lockdowns, money pumping, and attempts to force a new green economy are taking their toll. This is not going away any time soon.
The Europeans are welcome to keep NATO going if they like. But the time has come for the United States to exit.
Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment.
With the shortage have come the usual half-baked bromides about "evil corporations" and how they aren't regulated enough. The real fault lies with welfare statists, Trump-style protectionists, and the FDA.
Ryan McMaken and Zachary Yost discuss NATO, Turkey, Russia, and why the USA needs to leave it all behind.