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Take This Poll: Who Will Save the Republic?
Take This Poll: Who Will Save the Republic? “I am apprehensive that the government of these states may in future times end in a monarchy, and a King will be set over us.” — Benjamin Franklin Please take the anonymous poll at the end of this column. Thanks. Last week the Biden administration brazenly rammed […]
Is the Recession Over? Is the Bear Market Over? This New Statistic Tells All
“GDP is the X-ray of the economy; GO is the CAT-scan.” — Steve Forbes Yesterday, the Wall Street Journal published my op ed, “Recession Fears May Not Pass GO.” The Journal editors have published four of my articles on gross output (GO). They recognize it’s a vital new statistic that everyone should know about. If you […]
Be Afraid. Be Very Afraid. Biden’s #1 Threat to Your Wealth and Liberty
“He has erected a multitude of new offices, and sent hither swarms of officers to harass our people, and eat out of their substance.” — Declaration of Independence (1776) Last week, Senator Joe Manchin, the long-time dissenter from the radical Biden agenda, caved and decided to support the Biden-Schumer $370 billion boondoggle which carries the […]
The Biggest Game in Town: The Profits Keep on Coming
Meeting with Ambassador Ron Spogli and President Emeritus Jim Doti in front of the Adam Smith statue at Chapman University. […]
Five Big Debates at FreedomFest: Which Was #1?
You Blew It! The Use and Abuse of Foul Language “The subject skims the joy off the pan of conversation.” — John Steinbeck Every year, we invite a celebrity to speak at FreedomFest. Past celebrities have included William Shatner, George Foreman and Kevin O’Leary. This year, our celebrity was the English actor, comedian and producer John […]
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Big FreedomFest Debate: Who’s Really Responsible for Chronic Deficits?
“More recently, the emphasis has been on government expenditures as a balance wheel. Unfortunately, the balance wheel is unbalanced.” — Milton Friedman One of the big debates at this week’s FreedomFest is on supply-side economics and the Laffer curve. It pits Ben Stein against Art Laffer. In fact, the debate will take place today at […]
Are Friedman and Hayek Villains or Heroes?
“Yet the award [the 1974 Nobel Prize in Economics] documented the beginning of a great shift toward a renewal in the belief in the superiority of markets…the eventual victory of this viewpoint was really a tale of two cities — Vienna and Chicago.” — Daniel Yergin and Joseph Stanislaw, The Commanding Heights (1998) “Hayek, Friedman, […]
Update on Recession Fears: Surprise on the Upside!
Update on Recession Fears: Surprise on the Upside! “GDP is the X-ray of the economy, GO is the CAT-Scan.” — Steve Forbes In the face of a bear market on Wall Street and rising interest rates, I have some good news. Yesterday, the federal government (specifically the Bureau of Economic Research) released first-quarter 2022 Gross […]
The Real Cause of Income Inequality Will Surprise You
“Inflation is never neutral.” — Ludwig von Mises “Inflation is like trying to catch a tiger by its tail.” — Friedrich Hayek Adam Smith, the founder of free-market economics, always taught that laissez faire capitalism would actually reduce inequality by dramatically improving the lives of the common man. He promised that his system of natural […]
Bear Market Alert! You Can Profit from a Monetary Crisis
“The Federal Reserve has been the greatest source of instability.” — Milton Friedman “Every recession in the United States has been caused by the Federal Reserve.” — Paul Krugman In 1974, the last time that we battled double-digit-percentage inflation, Harry Browne wrote a book entitled, “You Can Profit from a Monetary Crisis.” It became a […]
