U.S. Economy

The Federal Reserve has welcomed the New Year by more of the same. As government spending continues to explode, the Fed enables it with its usual financial tricks.

Bob looks at the misconceptions and misuses of GDP accounting, explaining why this widely accepted metric often paints a misleading picture of economic health.

Americans and Cubans have been deprived of trade and travel. Who benefits?

In November, employed workers flatlined yet again as full-time work dropped for the tenth month in a row. Naturally, the Fed plans interest rate cuts. 

Antitrust law is being touted as an answer to our inflationary economy. Unfortunately, as Austrians have noted, antitrust law does nothing to bolster competition and actually makes the economy less competitive.

We should make every effort to legalize competition to the US dollar and participate in the debate over the fiat dollar, precious metals, and cryptocurrencies. It may sound like only “money,” but it has everything to do with living in a free and prosperous society. Let the competition begin.

We may be in the New Year, but James Bovard is not ready to put the craziness of 2024 in his rearview mirror. Here are some epigrams he wrote to explain the madness of an election year.

GDP is a ridiculous way to gauge the strength of the economy. While prices on Wall Street remain robust, trouble lurks on Main Street.

As we start a new year, it is a good time to take a step back and remember what the past year has taught us.

The Federal Reserve says it can manipulate the money supply to ensure “price stability.” This worsens the boom-bust cycles and undermines the economy.