U.S. Economy

Ryan McMaken and Zachary Yost examine some reasons why early Americans hated the idea of a professional standing army.

Year-over-year PPI growth came in at over 10 percent for the sixth month in a row. This will put more pressure on the Fed to "do something." 

Progressives believe that economies should be run by high-IQ "experts." But successful market economies require entrepreneurs with an idea and the willingness to face uncertain economic conditions.

During April 2022, year-over-year money supply growth was at 7.23 percent. That's down from March's rate of 7.41 percent and April 2021's rate of 36.8 percent.

The Federal Reserve is raising interest rates in hopes of reversing some of the inflationary damage it has done for more than a decade. Unfortunately, the Fed already has done incalculable damage to the economy.

Though Kuttner thinks the New Deal a great success, he himself lays out some of its many problems.

Progressives have long pushed for a state dominated by a new class of "scientific" experts who are supposedly nonpolitical and pursuing only "good government." It's a fantasy many people still believe. 

Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?

Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.

Forget the notion that the Fed "fights inflation." In fact, the Fed exists to promote inflation.