U.S. Economy

Government economists "seasonally adjust" data in order to better respond with policy recommendations to deal with business cycles. The problem is that government causes the cycles.

Home price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows.

Our current deficit policy amounts to "Give me your wallet, and you will deal with the credit card balance later."

President Biden's nonsolution of partial "debt forgiveness" is in limbo, but the slow financial destruction that massive student loan debt is unleashing continues.

There are only painful options for bringing price inflation under control at this point, and that's all thanks to the Fed's creation of countless bubbles and malinvestments over the past decade. 

The world seems to be on fire, and much of the trouble comes from the efforts of central banks to suppress interest rates. No one understands that problem better than British historian Edward Chancellor.

The average new home in America was still well over 50 percent larger in 2021 than in the 1960s. Yet in an age of declining affordability, governments won't let homes get smaller. 

Hyperinflation? Yes, it can happen here, and the more officials deny hyperinflation is possible, the more they create the conditions that causes it.

The world seems to be on fire, and much of the trouble comes from the efforts of central banks to suppress interest rates. No one understands that problem better than British historian Edward Chancellor.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7, 2022.