Biden’s $3.5 Trillion “Make Big Government Even Bigger” Plan
President Joe Biden journeyed from the White House to the Capitol building on October 1, 2021. There he admonished and pressured Democratic Party Senators…
Biden’s Demagoguery that Government Spending is Costless
There is only one way to describe the fiscal mindset of those in the White House and in Congress who are proposing new federal…
Jerome Powell’s Quest for Economic Stability is Destabilizing
When the chairman of the Federal Reserve Bank speaks the financial markets listen, and this was no different with Jerome Powell’s virtual address to…
More Government Debt as Far as the Fiscal Eye Can See
or the last two years, the federal government has been legally at liberty to borrow any amount of money necessary to cover its deficit…
“Progressives” Blame F. A. Hayek for Everything They Dislike
There is the ideologically captured mind that squeezes all the complexities, diversities, uncertainties, and serendipities of life into one limited dimension of cause and…
Inflation Is a Dangerous Way to Get Rid of Debt Burdens
Suppose you lent someone $100, and when they paid you back they only handed you, say, $99 or $80. Would you consider the borrower…
Monetary Inflation’s Game of Hide-and-Seek
The May 12, 2021, press release from the Bureau of Labor Statistics reporting on the Consumer Price Index (CPI) for the month of April sent the…
Carl Menger’s Theory of Institutions and Market Processes
This year marks the 150th anniversary of a radical change in the way economists came to understand the logic of human decision-making and the formation…
Dangerous Monetary Manipulations and Fiscal Follies
Back in the 1960s, Everett Dirksen (1896-1969) served as the Republican Party minority leader in the U.S. Senate. One of his famous lines about…
To End Budget Deficits, Restrict Political Pickpockets
Government spending is out of control. In March 2021, the Congressional Budget Office (CBO) projected that federal government spending in fiscal year 2021 (which began on…