U.S. Economy

The “bottom 99%” aren’t losing to markets: they’re losing to the Cantillon effect.

On this episode of Power & Market, Ryan, Connor, and Tho look at the economic fallout from the war in Iran. How has Iran been able to control the Strait of Hormuz? How might central bankers react? And draft talk out of Washington? Tune in to hear about this and more, as well as a preview of next week's Libertarian Scholars Conference and Austrian Economics Research Conference.

Iran escalation, fragile debt markets, and gold flashing warning signs. Mark Thornton explains why this bubble won’t end gently.

The yield curve is not easily understood, but it is important in giving us a good look at what is happening in the economy. Not surprisingly, Austrian economists are way ahead of the others in explaining the how and why of the curve.

The Trump administration is trying to develop programs to domestically produce “critical” minerals that might be unavailable during trade disruptions. Of course, it is turning into yet another central planning fiasco.

Is the US riding an “everything bubble” to the next crisis? Mark Thornton joins Paul Buitink to diagnose the dollar, the debt, and the Fed’s distortion machine.

Trump’s first year back in office has been loud, aggressive, and consequential—but has it been effective? Ryan McMaken appears on Stossel TV.

Debt, tariffs, and money printing: Mark Thornton explains how the policy machine rewires markets, and why metals and commodities react first.

Jonathan Newman tackles the new “Federal Reserve Simulator” game in which players try to match wits against the Fed. As Newman found out, however, the same outcomes occur no matter what information one feeds the simulator. In short, it’s rigged.

Unfortunately, slavery was not just propped up by policy in the slave states, but federally. It is often overlooked that the federal government—not just slave states—had implemented legal protections of slavery by policy for decades.