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Guest Commentaries

POSTED ON December 1, 2022  - POSTED IN Guest Commentaries

Inflation was running rampant for months before the Federal Reserve launched its inflation fight. As you’ll recall, we were told over and over again that inflation was transitory. But now that the central bank is on the job, most people are confident Powell and Company can get rising prices back under control.

Perhaps they shouldn’t be so confident.

POSTED ON November 10, 2022  - POSTED IN Guest Commentaries

There are plenty of signs that the economy is teetering on the brink as the Federal Reserve ratchets up interest rates. The air is coming out of the housing bubble, PMI has tanked, more Americans are living paycheck to paycheck, and debt is spiraling upward. Those claiming the economy remains strong have one peg to hang their hats on – the “strong” labor market.

But in fact, the labor market is anything but strong.

POSTED ON October 30, 2022  - POSTED IN Guest Commentaries

Most people have a sense of history that goes back about two weeks. This is especially true in the world of investing and finance. As a result, people have a hard time seeing the big picture. For instance, a lot of people think the current inflation crisis was only due to the Fed failing to respond fast enough. As Peter Schiff pointed out, this inflation was in fact decades in the making.

And as James Anthony pointed out, the current inflation problem along with all of the big economic crises that occurred in the 20th and 21st centuries have one commonality — progressive government coupled with monetary policies run by the Federal Reserve.

POSTED ON October 24, 2022  - POSTED IN Guest Commentaries

Ben Bernanke was one of the architects of the inflation you’re suffering from today. He won a Nobel Prize for his efforts.

Bernanke rolled out quantitative easing to rescue the economy in the wake of the 2008 financial crisis. At the time, he swore it was a temporary emergency measure and that the Fed would eventually sell all of the bonds it was accumulating on its balance sheet. He insisted that it was not a debt monetization scheme.

POSTED ON September 27, 2022  - POSTED IN Guest Commentaries

The student loan forgiveness program recently announced by President Joe Biden stirred up quite the political brouhaha. Progressives praised Biden for helping students burdened by overwhelming student loan debt. Conservatives decried it as an unfair giveaway. But as with most issues, the popular political debate misses the bigger picture.

The student loan crisis was primarily a problem of the federal government’s own creation. And no matter what you think about the forgiveness program, it fails to address the root of the problem.

POSTED ON September 13, 2022  - POSTED IN Guest Commentaries

The Fed continues to talk tough about fighting inflation. During his Jackson Hole speech, Fed chair Jerome Powell said the central bank will “use our tools forcefully” to attack inflation. Powell even promised some pain.

What exactly does Powell mean by “pain?”

Ron Paul pointed out that Powell wants to “soften the labor market.” In other words, he wants you to get fired.

POSTED ON September 7, 2022  - POSTED IN Guest Commentaries

Americans have been laboring under the burden of inflation for well over a year. We feel the pain everywhere, from the gas pump to the grocery store. Once it became impossible to sell the “inflation is transitory” narrative any longer, the Federal Reserve began raising interest rates to fight inflation. As a result, the bubble economy is getting shaky. But even some people at the Fed seem to realize this is a fight they can’t win.

In a talk at the Ron Paul Institute, Mises Institute president Jeff Deist called inflation “state-sponsored terrorism.”

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