After Victory, Trump Must Face Big Economic Problems
Ryan and Tho talk about what Donald Trump must do if he wants to actually fix our mounting economic problems of stagnation, debt, and inflation.
Ryan and Tho talk about what Donald Trump must do if he wants to actually fix our mounting economic problems of stagnation, debt, and inflation.
The current system is based on the idea that even if whole regions of the country vote overwhelmingly against a president, they are still forced to submit to four years of that president’s rule-by-decree.
The watchword among progressives this election season is: “Nothing less than our democracy is at stake.” In truth, democracy itself is not in danger, but one can accurately say that “democracy,” as practiced in the US, endangers our lives.
Insulin prices have skyrocketed in recent years, working a hardship on the growing number of diabetics in the US. Progressive politicians, naturally, blame the free market and want to impose price controls. However, government regulation is the reason insulin prices are so high.
Unfortunately, Trump has no plans to cut government spending, and this means there is little chance that ordinary taxpayers are going to experience any real tax relief.
Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly gauge markets. Exploitation has nothing to do with it.
Donald Trump's win last night is arguably an even bigger repudiation of the establishment than his win in 2016. And that's worth celebrating. But there is much the electorate still needs to understand about how those in power are ripping us off if we’re ever going to see an end to it.
After years of relentless monetary inflation, the Fed can't fix our present inflationary malaise. The only long-term solution is sound money.
Not all news from the gold and monetary fronts is bad. In fact, gold made a number of advancements in seven states, including exemptions from taxes and attempts by states to restrict Federal Reserve behavior. Gold is alive and well.
The 2024 election will provide few solutions to the underlying pressures eroding American political norms. Regardless of the outcome, half the country will feel like they live under an occupational government.