Power & Market

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The speech Using Economic Data to Understand the Economy

The unipolar dominance of the American Empire has allowed it to command an outsized share of the world’s resources in exchange for green pieces

Federal deficits continue to spiral upward, but deficits aren’t just a function of federal spending.

In 1994, Murray Rothbard released what was, in my opinion, one of his best articles of all time: 

Federal Reserve Chairman Jerome Powell and his open market committee left the only interest rate they control unchanged on November 1st.

 The worrying fact is that this rise in consumption comes mostly from higher debt, as United States consumers are borrowing heavily to spend. Americans are living on borrowed time as real salaries remain in negative territory in the past five years and inflation eats savings away. 

Biden explained that as we transfer more weapons to Ukraine, American companies will build new weapons at home to replace them. So “Project Ukraine” is not really about foreign welfare, but rather domestic corporate welfare for the military-industrial complex. Should that make us feel any better?

It’s important to remember these pre-crisis days, where the Fed sounds like they’re doing a great job to steer the economy, and wher

The U.S.