U.S. Economy

A “defense” surge, no audit, and mountains of debt. Welcome to the national security state.

Ryan McMaken of the Mises Institute and Christopher Calton of the Independent Institute talk about why politicians want higher home prices. Even Trump now admits he wants higher home prices, and it's because older voters want their asset prices to go up forever.

The Trump administration (like the Biden White House before it) insists that it has inflation under control, pointing to the CPI. However, other informal measures show inflation to be much higher than the CPI claims.

Politicians are touting “affordability” to describe the current regime of rising prices. However, most lawmakers who claim they are trying to make things more affordable demand policies that make things more costly.

Politicians are touting “affordability” to describe the current regime of rising prices. However, most lawmakers who claim they are trying to make things more affordable demand policies that make things more costly.

Mark Thornton presents a timely interview with Elijah K. Johnson that underscores how quickly “melt-ups” can flip into sharp corrections.

Economic historians usually are mistaken when looking at the causes of the Panic of 1857. Douglas E. French sets the record straight.

Politicians and the media always express shock when they hear about the latest fraudulent schemes involving the welfare system. They shouldn't be surprised, as nothing incentivizes fraud like the welfare state.

Dr. Jonathan Newman joins Tho and Connor to discuss Jerome Powell's favorite type of FOMC meeting: a boring one.

The 1929 October stock market crash is one of the most important financial events in US history. Andrew Ross Sorkin’s book gives a close look at the events that shook the nation.