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Guest Commentaries

POSTED ON June 29, 2022  - POSTED IN Guest Commentaries

Ronald Reagan once said the most terrifying nine words in the English language are, “I’m from the government and I’m here to help.”

One of the biggest problems with government help is that it always comes at a cost. And the burden of that cost almost always falls on the very people that big government claims to help – the poor and middle class.

POSTED ON June 23, 2022  - POSTED IN Guest Commentaries

After a weak swipe at inflation at its May meeting, the Federal Reserve delivered the biggest rate hike since 1994 at its June FOMC gathering. But is it enough to tackle persistently red-hot inflation?

Ron Paul doesn’t think so. He notes that the recent rate hikes have only raised rates to the level they were before the pandemic.

The Federal Reserve cannot increase rates to anywhere near the level they would be in a free market because doing so would increase interest payments to unsustainable levels for debt-ridden consumers, businesses, and the federal government.”

POSTED ON June 20, 2022  - POSTED IN Guest Commentaries

A 75 basis-point rate hike wasn’t even on the table a month ago. It appears that the central bankers over at the Fed were crawling around under the table because they found a 75-basis point rate hike.

The Fed went big at the June FOMC meeting in response to hotter-than-expected May CPI data just a week earlier. Jerome Powell admitted that Fed members were “surprised” but another big spike in prices.

So, what’s the plan here? Well, by all indications, there isn’t one.

POSTED ON June 15, 2022  - POSTED IN Guest Commentaries

The Federal Reserve doesn’t have a very good track record. It was wrong about transitory inflation. It was wrong about peak inflation. And it’s almost certainly wrong in thinking the economy is strong enough to withstand tighter monetary policy to fight inflation.

But President Joe Biden trusts the Fed. The cornerstone of his inflation-fighting plan is to recognize the central bank “has the primary responsibility to control inflation.” He took a shot at President Trump for “demeaning” the Fed. On the other hand, Biden said he will respect the Fed and its independence.

POSTED ON May 17, 2022  - POSTED IN Guest Commentaries

If you want freedom, you need sound money.

So, argues economist Ludwig von Mises.

It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of right.”

POSTED ON May 10, 2022  - POSTED IN Guest Commentaries

We’ve been told inflation is caused by greedy corporations. We’ve been told that inflation is Putin’s fault. Other people just want to blame COVID-19. But are any of these really the root cause of inflation?

Economist Dr. Antony P. Mueller says none of these excuses really account for the rash of rising prices we’ve seen in recent months. At its core, this inflation is caused by a deeply flawed monetary system that allows central banks to create money out of thin air.

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