For the first five months of the 2025 fiscal year, federal spending is coming in at the highest level ever. This is true even when we adjust for CPI inflation.
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World News
Warren Buffett is well-known for his investment acumen, and he often makes public statements in favor of capitalism. But his loyalty to the fiat monetary system undermines everything else that he claims to represent.
The Trump administration continues its assault on the First Amendment and the rights of dissenters. The latest casualty is a Turkish graduate student at Tufts University who was arrested by US authorities because she wrote an op-ed in the student newspaper critical of Israel.
Economists like to claim that expectations of more inflation lead to, well, more inflation. Such beliefs ignore the fact that inflation is an increase in the money supply and that general price increases result from fractional reserve-created monetary expansion.
Is Britain poorer than Mississippi? Taking into account welfare benefits and taxes, the answer appears to be yes, and it’s yes for many other European countries as well.
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Patrick Newman joins Bob to discuss Simon Kuznets’ role in developing GNP and GDP metrics and Kuznets’ concerns over how government spending is accounted for in economic statistics.
Richard Cobden was a British champion of laissez-faire who served in Parliament. While there, he led to successful campaign to repeal the Corn Laws, which led to British free trade.
While Ben Bernanke has accused free market and sound money advocates of pursuing “discredited” systems, he and his lieutenants were following a truly discredited way of thinking: socialism. The man who supposedly “saved the world” actually destabilized it.
International trade is the topic du jour. Mark Thornton shares his recent presentation on a timely and important book featuring many of your favorite authors.