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Conventional wisdom says that the government can help (or is even required to) stimulate the economy, especially during a recession. As mounting evidence grows for a recession happening right now, it’s worth examining how this conventional wisdom is completely wrong and backwards. The government is typically the primary cause of recessions.
The slogan “Eat the Rich” has recently been revived following the high-profile assassination of the UnitedHealth Group’s CEO, Brian Thompson. Instead of blaming the entrepreneurial class, who tend to make all people richer, economically disillusioned Americans should lay their blame at the feet of the Federal Reserve and Federal bureaucracy, institutions that are inherently inequitable […]
Federal Budget The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in depth review of the Federal Budget, showing where the money is coming from, where it is going to, and the surplus or deficit.
The world has watched for decades as U.S. ports have lagged behind their international counterparts. As they have become increasingly plagued by congestion, delays, and rising costs, it becomes increasingly clear that the publicly-owned port authorities are failing to meet the demands of modern global trade. The solution lies in privatization, a much-needed approach that […]
On Friday’s episode of the Peter Schiff Show, Peter discusses rising bond yields, government debt, and the economic implications of recent fiscal policies. He critiques the proposed “Department of Government Efficiency,” a recent proposal for the government to load up on Bitcoin, and President-elect Trump’s economic rhetoric. Peter also argues that, despite the Fed’s failure […]
A simple internet search confirms the overwhelming buzz in the air: Americans across the board are more concerned with the economy than any other political issue. This concern is overwhelming across both aisles, seems to be growing, and has remained a large issue for years. Recent polling data shows that when combined, concern about inflation […]
A dangerous narrative has taken hold in some political circles: the idea that protectionist policies can revive American manufacturing and bring back jobs.
The debate over the income gap in the U.S. is hotly contested. However, most proclaimed “solutions” entirely miss the root of the issue.
As the 2024 presidential race ramps up, Vice President Kamala Harris has unveiled an economic agenda that she claims will lower costs for American families and boost economic growth. However, her proposals reveal a reliance on heavy-handed government intervention that will harm the very people she aims to help. At the core of Harris’ approach […]
While monetary independence is a highly appealing concept, maintaining it has been an endless struggle for many emerging markets. While a great improvement from 50 years ago, the 8.3% inflation of emerging markets and developing economies in 2023 still dwarfs the 2.6% of advanced economies. All countries, no matter their stage of development, have experienced […]
True economic growth doesn’t come from inflation or regulation but from entrepreneurs who cut costs and drive industries forward. But as inflation quietly eats away, those who get the new money first enjoy a temporary gain, while everyone else suffers from rising prices and shrinking buying power.
