Trump Faces a Mess of an Economy
Interest rates, inflation, home prices, and federal spending all pose big challenges to a Trump administration that is ill-prepared to deal with the deep-seated problems in the US economy.
Interest rates, inflation, home prices, and federal spending all pose big challenges to a Trump administration that is ill-prepared to deal with the deep-seated problems in the US economy.
No one in the GOP leadership is going to do anything at all about true Fed reform until he fears that his re-election depends on it.
The biggest mistake America has ever made since the nation’s founding was the conversion of the federal government from a limited-government republic to a national-security state.
[Editor’s Note: In this selection from his new essay “Seeds of Resistance,” William Hartung provides some interesting context on the important role of public opinion and public pressure in pushing back against aggressive foreign policy in any presidential administration. Essentially, Hartung expresses hope that perhaps Trump will be something like Ronald Reagan whose bellicose pre-election rhetoric … Read more
These days, most federally funded workers are “private” contract and grant workers. These jobs will quickly disappear if we’re serious about spending cuts.
The Federal Reserve continues to be the not-so-silent partner to the government’s reckless deficit spending scheme. While the Fed tries to force down interest, US bond yields are rising, as the markets recognize these bifurcated policies.
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.
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 a non-starter today.
Time and again, we are reminded that obtaining a high-ranking position in the US regime means having access to a special kind of “justice” reserved to allies of the technocracy’s permanent government.
12/02/2024 By Erik von Kuehnelt-Leddihn Originally published in the Mises Institute’s Studies in Classical Liberalism series in 1999. The text of this essay is available at https://mises.org/essays-political-economy/cultural-background-ludwig-von-mises What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international … Read more