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Big GovernmentTaxes and Spending
Since the Obama administration nationalized the student loan program, we have seen student debt metastasize. Unfortunately, the Biden administration looks to make things even worse.
Bureaucracy and RegulationThe Environment
Green energy advocates want us to believe we easily can transition from conventional fuels to renewables. In truth, such a transition not only would devastate world economies, but also is not technologically possible.
Booms and BustsCentral BanksThe FedInflationBusiness CyclesMoney Supply
Typical economic commentary claims that deflation is a Very Bad Thing. Think again.
Central BanksThe FedMonetary PolicyCapital and Interest TheoryMonetary Theory
Fed chairman Jerome Powell recently claimed they were "targeting" the "neutral" interest rate. The Fed cannot set or even know that rate, for it doesn't come from government authorities.
Booms and BustsFinancial MarketsGlobal Economy
It is easy to blame the covid-19 lockdowns for the weakening Chinese economy, but that would be a gross simplification.
France is seeing its wealth-to-income levels rise to Japan's level because it is becoming harder for people to save and build wealth.
Economic growth depends upon human capital development, which depends upon things like cultural views toward work and just plain showing up on time.
Money and Banks
The Fed has announced it will finally begin scaling back its balance sheet and raising rates. But the steps announced by the Fed on Wednesday are incredibly timid.