Ten Years After the Last Meltdown: Is Another One Around the Corner?

Ten Years After the Last Meltdown: Is Another One Around the Corner?

This crisis is rooted in the failure to learn the lessons of 2008 and of every other recession since the Fed’s creation: A secretive central bank should not be allowed to manipulate interest rates and distort economic signals regarding market conditions. Such action leads to malinvestment and an explosion of individual, business, and government debt. This may cause a temporary boom, but the boom soon will be followed by a bust. The only way this cycle can be broken without a major crisis is for Congress both to restore people’s right to use the currency of their choice and to audit and then end the Fed.

NAFTA 2018: Free Trade or Central Planning?

NAFTA 2018: Free Trade or Central Planning?

Those of us who support real free trade must not let supporters of the USMCA get away with claiming the USMCA has anything to do with free trade. We must also fight the forces of protectionism that are threatening to start a destructive trade war. Also, we must work to stop the government from trying to control our economic activities through regulations, taxes, and (most importantly) control of the currency through central banking and legal tender laws.

Venezuela’s Socialism…And Ours

Venezuela’s Socialism…And Ours

If Washington – and the rest of us – really cared about Venezuelans we would demand an end to the terrible US economic sanctions on the country – which only make a bad situation worse – and would push for far more engagement and trade. And maybe we’d even lead by example, by opposing the real, existing socialism here at home before seeking socialist monsters to slay abroad.

Turkey Now, America Later?

Turkey Now, America Later?

If we are lucky, the next Fed-caused downturn will cause only a resurgence of 1970s-style stagflation. The more likely scenario is the type of widespread economic chaos not seen in America since the Great Depression. The growth of cultural Marxism, the widespread entitlement mentality, and the willingness of partisans of various sides to use force against their political opponents suggests that this economic crisis will result in civil unrest that will be used to justify new crackdowns on individual liberty.

Trump’s Tweets End the Myth of Fed Independence

Trump’s Tweets End the Myth of Fed Independence

Instead of worrying about protecting the Fed from President Trump, we should all worry about protecting the American people from the Fed. The first step is passing the Audit the Fed bill, which Congress should do before adjourning to hit the campaign trail. This will let the people know the full truth about America’s monetary policy. Auditing, then ending, the Fed is key to permanently draining the welfare-warfare swamp.

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