Steve Hanke criticizes Trump and Fed Chairman Powell for their flawed focus on interest rates over money supply, blames the Fed for exacerbating income inequality, and argues that tariffs cause temporary price blips while money supply drives long-term inflation trends.
When the President is harping about the Fed lowering the interest rates, this means that he wants more easy money created.
The same conservatives who act aghast at Mamdani's proposed government grocery stores turn around and support government schools and government healthcare.
Like a child with his new favorite toy at Christmas, President Trump is using tariff taxes not only to attempt to centrally plan the pricing of thousands of goods and services in the economy, but also to engage in election interference in other countries.
There are real concerns regarding Mamdani. Mamdani is a self-described socialist, and socialism has failed disastrously everywhere it's been tried.
Exposing such lies is key for restoring liberty. The good news is that the more mistrust of government grows, the easier it will be to find people receptive to our message.
Unless the current administration acts to reverse this ongoing period of easy-money fueled spending, deficits, and asset price inflation, we can expect to see ongoing problems with stubborn stagnation.
A recent visitor to Japan found appreciation for some of its cultural habits that align with libertarian values: the supremacy of voluntary exchange, the inviolability of private property, and the ethic of not interfering with others.
With 1.95 million workers continuing on the unemployment rolls, the total is at the highest since the covid panic. If we exclude the covid period, we're looking at the highest since March 2018.
Despite the chaos and nonsense coming from the different factions involved, neocons and enemies of peace and freedom in America have been revealed.
