Inflation

Joe Biden’s proposed $6 trillion budget for fiscal year 2022, will include a budget deficit of $1.6 trillion, or almost one-third of planned government spending.

The recently reported rise in the Consumer Price Index in April of this year to an annualized rate of 4.2 percent has set off alarm bells about the possible danger of serious and rising price inflation looking to the months ahead.

Regardless as to which candidate secures the Presidency on November 3rd (or some subsequent date), the administration must cope with unprecedented federal debt.

President Trump is reportedly considering former Godfather’s Pizza CEO and one-time presidential candidate Herman Cain for the Federal Reserve Board of Governors. 

For more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from other types of goods and markets.

Whatever economic freedom we enjoy in the world today is due, to a great extent, to the ideas and efforts of the classical liberals and economists of the first half of the nineteenth century.

Host Donny Kendal is going lone wolf in episode #66 of the In The Tank Podcast. Today’s podcast features work from the Cato Institute, the Mises Institute, and the Heartland Institute.

Governments have an insatiable appetite for the wealth of their subjects. When governments find it impossible to continue raising taxes or borrowing funds, they have invariably turned to printing paper money to finance their growing expenditures.

Today we have assembled a panel of independent experts with unique perspectives. We are recording this in late January, and it has already been a dramatic year. After rebounding from a brutal start, the U.S. stock market is still down 5%, while Europe, Japan and China have all declined approximately 8%.

If advocates of freedom were to make up a list of New Year’s resolutions for 2016, one of the most important items should be ending government’s monopoly control over money. In a free society, people in the marketplace should decide what they wish to use as money, not the government.