U.S. Economy

Bankruptcy in the short term is painful. In the long term, it is cleansing decades of poor federal government choices.

Mark Thornton appears on Liberty and Finance with Elijah K. Johnson.

From Vietnam to Iraq, Pentagon insider Karen Kwiatkowski reveals firsthand how government lies drive America's wars—and how courageous whistleblowers fight back with truth.

Alex Tabarrok joins Bob to break down Trump’s drug price executive order, price controls, and the real economics behind Big Pharma and healthcare innovation.

Is the Federal Reserve truly independent? Jonathan Newman uncovers the myths behind the 1951 Treasury-Fed Accord.

With the resurrection of Saudi Arabia's Jeddah Tower project set for completion around 2027, could another global economic crisis be imminent?

Following World War II, Congress imposed mandates on the Federal Reserve in the areas of employment, inflation, and interest rates. Not surprisingly, the Fed has failed in all three areas. It is time to recognize failure and abolish the Fed altogether.

Any government deploying this so-called policy tool is trespassing upon property rights. As a result, human beings are in a word: dehumanized.

Bob Murphy digs into the latest GDP numbers, questions Peter St. Onge’s optimistic spin, and shows what the data really says about tariffs, trade, and recession fears.

These subsidies exemplify crony capitalism. The Austrian School of economics defines any subsidy as government intervention in the functioning of the economy.