U.S. Economy

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

The damage tariffs impose is not limited to increasing consumer prices. They also create major distortions in the markets.

In his failed 1896 presidential campaign, inflationist William Jennings Bryan declared that he would “not crucify mankind on a cross of gold.” But at least even Bryan favored silver money. Today‘s political candidates will crucify us on a cross of paper.

We have reached this point: the government keepers of money do not even understand what money is or why inflation is harmful. To them, the real threat to the economy is “deflation.”

Ryan and Tho examine the role that ideology and interest groups will have on Trump's administration and on his political appointees. 

Lena Petrova interviews Ryan McMaken on World Affairs In Context.

While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it also empowered the central government to erect tariffs on goods imported from outside the country. 

With Trump as president, will we move in the direction of capitalism, or will we move in the direction of socialism?

Very difficult economic headwinds of the business cycle are coming right at us.

Ryan and Tho talk about what Donald Trump must do if he wants to actually fix our mounting economic problems of stagnation, debt, and inflation.