Tariffs don‘t just raise consumer prices. They also affect capital flows and on numerous occasions have triggered stock market crises. What tariffs don‘t bring is prosperity.
What would Mises say about election predictions like "Donald Trump has a 53% chance of winning"?
For nearly 30 years, the Fed has pursued an easy money policy that has made the economy increasingly dependent upon the next round of “stimulus.” Reversing that policy will mean, at least in the short run, a stiff recession before the economy rebounds, which is
Job growth was only positive in October because of government jobs, funded by huge federal deficits.
The Fed lowers interest rates ostensibly to “stimulate” the economy. But while the Fed claims it is strengthening the economy, it actually weakens it through its easy money policies.
Greg Penglis interviews Mark Thornton on The Action Radio Show.
