U.S. Economy

Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023.

The Federal Reserve is losing money, according to its official books. Does that matter, or does the Fed operate outside the bounds of the laws of economics?

As the federal government continues its Ponzi scheme of issuing debt to pay for past debts, interest rates will increase to the point where this no longer is a tenable strategy—if it ever was.

Data on employed persons, wages, and other measures point to trouble ahead in an economy already strained by growing bankruptcies, mounting debts, and disappearing savings. 

President Biden claims that spending money to send weapons and ammunition around the world is good for the US economy.

President Biden claims that spending money to send weapons and ammunition around the world is good for the US economy.

While the White House claims that inflation is losing steam, the truth is that unless the government changes its reckless monetary course, hyperinflation could be in our economic future.

For 2023, the United States will likely post the worst GDP growth—excluding debt increases—since 1929. In other words, the country is in a recession disguised by bloated deficit spending.

It's about much more than just price inflation. Ryan and Jonathan Newman look at the many ways that America's central bank causes economic chaos while making us poorer and more unequal. 

US government officials from President Biden to Secretary Yellen think the US can fund endless wars, but the American people are suffering in reality.