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A startling disconnect as we edge closer to the 2024 general election: On one hand, so-called “experts” parade optimistic economic reports, but for the average American, the story is starkly different. In heated debates, economists squabble over whether the public is hoodwinking pollsters or if mysterious forces are at play. Our guest columnist explains how […]
A US government operation led by the Secret Service from 1865 covertly dismantled the gold and silver currency system. This strategic move, propelled by two acts of Congress, was a cunning ploy that centralized economic power. A commentator from the Mises Institute explores the little-known involvement of the Secret Service in this historical development, and […]
The US is on the brink of a debt disaster, spiraling into $33 trillion of debt. That is over 180% of GDP. The cause? Skyrocketing government spending matched with insufficient tax revenues, leading to ever-deepening deficits. The US Treasury is now low on credit and out of time. Interest payments on this colossal debt have […]
The Federal Reserve and the US government create inflation and then blame everybody else. President Joe Biden recently finger-pointed at “greedy corporations,” saying they need to “lower prices” now that inflation come down. Whether he is really that ignorant or just lying, Biden’s comments serve a purpose. As Ron Paul put it, they gaslight the […]
October CPI coming in cooler than expected ramped up expectations that the Federal Reserve is at the end of its inflation fight. In fact, many analysts now expect the Fed to begin cutting interest rates in 2024. Looking at the bigger picture, inflation’s apparent retreat boosted mainstream belief that the economy will glide to a […]
President Joe Biden is selling the latest proposal to send military aid to Israel and Ukraine as an economic stimulus plan. But this notion that spending money for somebody else’s war somehow boosts the American economy is rooted in a pervasive economic fallacy. When you boil it all down, Biden is basically saying that the […]
There is a $33.7 trillion elephant in the living room. I’m referring to the massive national debt. It’s pretty amazing that we have this massive animal sitting right in the middle of everything and most people are just walking around it as if it isn’t there.
The House recently ousted House Speaker Kevin McCarthy in the wake of the continuing resolution to keep spending money and avoid a government shutdown. Dissatisfied Republicans frustrated with the GOP’s unwillingness to address the federal spending problem banded together with Democrats to send McCarthy packing. While the outcome might be politically satisfying to some, it’s […]
The national debt recently blew past $33 trillion. And yet with the exception of a few intransigent Republicans, there is virtually no discussion about reining in spending. Congress managed to avoid a government shutdown by passing a continuing resolution that did very little to address spending. But as Ron Paul points out, there was a […]
The Federal Reserve has pushed interest rates to over 5%. At the most recent FOMC meeting, it indicated that it may have to hold rates higher for longer. But the mainstream remains unconcerned. The narrative is that the Fed has successfully raised rates to fight inflation and is now guiding the economy to a “soft […]
