U.S. Economy

Ralph Raico presents the fundamental political problem of the twentieth century, which remains our fundamental political problem today: How can war—given its appalling destruction—be avoided?

The central pillar of the Keynesian system is that spending drives the economy, so savings on a large scale will push the economy into recession. As Austrians know, that narrative is entirely false and fails to accurately explain how the economy works.

Tom DiLorenzo appears on the Tom Woods Show.

As people from Generation X move toward retirement, they are starting to understand that Social Security really is in crisis and many public pension plans are underfunded. Furthermore, they find that inflation is eating through their retirement savings. This won‘t end well.

Is there a magic wand to solve the problem of high beef prices? Yes, actually.

Tom DiLorenzo is interviewed by Rob Schilling.

A modern misconception of antebellum slavery is that it “built the country.” Actually, the institution of slavery, economically speaking, was a deadweight loss to the US economy.

Mark Thornton explores the continuing negative impacts of the ongoing US embargo against Cuba and how getting rid of this Cold War policy could benefit the peoples of Cuba, the US, and others. Viva Cuba Libre!

As Donald Trump prepares to take office again, we await the damage that surely will happen should he go through with his threats to levy historically-high tariffs against everyone else. One hopes good economic sense prevails.

The Federal Reserve has welcomed the New Year by more of the same. As government spending continues to explode, the Fed enables it with its usual financial tricks.