U.S. Economy

Inflation is not going away anytime soon, and it is ravaging the American middle class. Unfortunately, no one in Washington is interested in doing what is necessary to reverse this scourge.

Black swans don’t cause crashes: they reveal them. Mark Thornton shows how easy money breeds “sequestered capital” in opaque assets, priming the next bust.

Newly released jobs data this month shows that the jobs narrative from the media was based on bogus numbers.

Political elites insisted that the 9/11 attacks occurred because the US Government lacked power and authority. Unfortunately, the elites got their wish and Americans received war, economic calamity, and massive government debt in return.

Senator Tim Kaine’s definition of “rights” as things created by government and human law is extremely dangerous because a government that creates rights can also abolish them. 

Political elites insisted that the 9/11 attacks occurred because the US Government lacked power and authority. Unfortunately, the elites got their wish and Americans received war, economic calamity, and massive government debt in return.

Since becoming president, most of the actions taken by President Trump have been anti-economic growth, and the US economy now is sputtering. Unfortunately, Trump seems to believe that a combination of trade restrictions and inflation is what the economy needs.

Like the Happy Days program that could not be saved by Fonzie’s waterskiing heroics, Intel will be made even weaker in the aftermath of its equity deal with the Trump administration.

Red + green = brown. Mark Thornton shows how towering debt and easy money set the stage for hyperinflation.

Jonathan Newman joins Ryan and Connor this week to discuss the latest developments in Trump’s campaign to “takeover” the Fed, the current state of the jobs market, and the misconceptions people have about how economists value the choice not to work.