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As student loan debt in America swells to a staggering $1.7 trillion, President Joe Biden’s new SAVE plan could actually cost $230 billion, a CBO report finds. This is not only a classic case of robbing Peter to pay Paul — it will bring more inflation, make college more expensive and give the federal government […]
Amid record tax receipts, the U.S. still faces a dire fiscal future, with deficit spending predicted to climb from $1.9 trillion in 2024 to a staggering $2.8 trillion by 2034. This unsustainable financial trajectory threatens to cripple the economy with higher taxes, stunted growth, and a devalued currency. The overwhelming debt burden will be passed […]
The idea of ‘wage slavery’ unfairly compares today’s suffering job market to historical chattel slavery, using outdated 19th-century arguments to criticize modern work. This oversimplification overlooks the significant improvements in workers’ freedom and their right to work. Some will choose to work at a lower wage than accept a worse alternative.
The longstanding US-Saudi petrodollar agreement is unraveling, with Riyadh inching towards diversified currency deals including the yuan. Our guest commentator sheds light on the history and present challenge to the petrodollar, and what this means for US dollar decline.
By interpreting the two-percent inflation target as a flexible average, the Fed can cloak its true agenda: artificially suppressing interest rates to finance burgeoning federal deficits. Our guest commentator shows how the Fed manipulates its inflation targets and implements rate cuts irrespective of actual economic conditions, bending to political will.
Fiat money is intrinsically worthless and yet people still value it. Where does this value come from? Our guest commentator cites Austrian thinkers Menger and Mises. He traces the purchasing power of paper money back its historical root: real money, i.e. physical gold.
Central bank monetary tactics have proven to be a toxic remedy, amplifying rather than curing economic ailments. Like a surgeon whose operation only worsens the patient’s condition, central banks administer policies that do more harm than good. Here are five ways central banks leave a legacy of financial turmoil.
As the US devalues and burns through cash at a record-setting pace, gold continues to gain. Gold has risen 89% in the past five years, compared to a disappointing 0.7% for the US aggregate bond index (as of May 17, 2024, according to Bloomberg). Our guest commentator explains why the government is eroding our purchasing […]
While in office, Trump blamed the Fed for tightening monetary policy. Now members of Trump’s team allegedly plan to give a re-elected Trump more power over the Fed, igniting panic from mainstream economists about a politicized Fed. Our guest commentator explains why the real risk, from the establishment’s perspective, is not that Trump will turn the […]
In April, the U.S. economy added a disappointing 175,000 jobs, falling short of expectations and nudging unemployment up to 3.9% (see current trends here). This signals a slowing economy that might force the Federal Reserve to put the guard rails back on. Our guest commentator gives a deeper look at a worrisome trajectory: while part-time […]
