Welcome to the Twenty-First Century American Bankruptcy Show
As the US economy sours, look for a wave of new bankruptcies. The Fed cannot pull any rabbits out of its monetary hat this time.
As the US economy sours, look for a wave of new bankruptcies. The Fed cannot pull any rabbits out of its monetary hat this time.
While court economists such as Paul Krugman insist that inflation is government's way of ensuring full employment, in reality, inflation is one of the many ways governments steal from productive people.
While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits.
The call for "price stabilization" was part of the recent Republican debate. Despite its attractive appearance, having the Fed try to "stabilize prices" is a very bad idea.
Mark suggests that you prepare yourself for big negative surprises in the economy and additional government power grabs.
There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.
While the government promotes CBDCs as tools for "inclusion," it is more likely that they will be another vehicle for federal intrusion.
Peter Lewin joins Bob to discuss his work on uniting Austrian capital theory with mainstream finance.
The "2 percent" inflation target is purely arbitrary, and mainstream economists can't agree on the "right" level. It's all folly, and Austrian economics explains why.
Mark explains why an economic Crash Landing is better for workers and savers, and how it would place much of the pain on the rich, politically-connected classes.