The CBO's forecasting restrictions prevent it from predicting an inflationary debt crisis, despite rising U.S. debt and deficits. This limitation hinders proactive policy-making, risking economic instability.
Both many Pro-Natalists as well as their critics have a Malthusian view of the world in which humans seem to be impervious to incentives and changing conditions. It is time for praxeologists to speak up.
In the wake of the flooding disasters in Texas, a number of leftists made inflammatory remarks on social media, celebrating the death of flood victims. Our society has reached a low point to where people believe that the “right” political candidates can bring us better weather.
As the Texas floodwaters receded, politicians like Chuck Schumer twisted facts about the tragedy to score a political win. Examining what went wrong to prevent such tragedies from happening again is the right thing to do. But that involves looking at the actual facts.
As the latest housing bubble pops, home sellers are asking for unreal prices for their homes, while buyers are waiting for the prices to fall. Bill Pulte—Trump‘s Director of the Federal Housing Finance Agency—is demanding the Fed force down interest rates to restart the unsustainable boom.
While we often speak of measurements of inflation (such as “inflation went up by three percent”), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.
As the Texas floodwaters receded, politicians like Chuck Schumer twisted facts about the tragedy to score a political win. Examining what went wrong to prevent such tragedies from happening again is the right thing to do. But that involves looking at the actual facts.
Now is the time to admit that easy-money policy and corporate bailouts—imposed in the name of increasing homeownership—has only made housing more unaffordable.
President Trump cracked down on the latest version of the LA riots by calling in the National Guard. However, much of the violence that accompanied those riots came courtesy of government actors.
Don‘t kid ourselves. The federal government is hurtling toward disaster with its destructive activities underwritten by the Federal Reserve System. It‘s best that we know how to protect ourselves from the consequences.
