"10 Minutes Closer to Freedom" President Joe Biden is either economically ignorant or a liar. Or maybe both. (more…)
Read moreFed Launches “QE Lite” Program to Bail Out Banks
In the wake of two bank failures, on Sunday, March 12, the Federal Reserve and the U.S. Treasury announced a bank bailout program that could be dubbed “QE Lite.” While not actually quantitative easing, it will have similar impacts on the financial system and could open the door to bigger bond-buying programs down the road...
Read moreFed Pumping Up Money Supply at Record Speed to Monetize Massive U.S. Debt
The federal government continues to borrow and spend at a staggering rate. On March 1, the national debt pushed above $28 trillion for the first time. This rate of borrowing wouldn't be possible without the Federal Reserve monetizing the debt through quantitative easing. In practice, the central bank buys U.S. Treasuries on the open market,..
Read more133 Words or Less: Power Corrupts
President Nixon appointed Arthur F. Burns Fed chairman. He was supposed to be one of the "good guys" -- an advocate for free markets, sound money and the gold standard. But Nixon badgered and bullied him into lowering interest rates and signing off on economic "reforms" that included severing the dollar from its last connection..
Read moreHow the Federal Reserve Wrecks the Economy Over and Over Again
When people talk about the economy, they generally focus on government policies such as taxation and regulation. For instance, Republicans credit Pres. Trump’s tax cuts for the seemingly booming economy and surging stock markets. Meanwhile, Democrats blame “deregulation” for the 2008 financial crisis. While government policies do have an impact on the direction of the..
Read moreWhat Is Gold’s Record Price Telling Us?
If you follow business headlines you know gold broke its all-time price record early Monday when it pushed above $1,920 an ounce. So, what is this telling us? (more…)
Read moreTrump Economic Myth-Making: Thoughts from Maharrey Head 147
"10 Minutes Closer to Freedom" You've probably heard President Trump brag about the economy. He's called it the best economy in American history. This is absolute hogwash. In this episode of Thoughts from Maharrey Head, I explain why. I also talk about the real reason the economy is in trouble. Hint: it has very little..
Read moreHurtling Toward a Fiscal Cliff With the GOP in the Driver’s Seat: Thoughts from Maharrey Head #128
"10 Minutes Closer to Freedom" Several times a week, I see Trump supporters touting the rising stock market and "booming economy" as proof of the president's economic prowess. Sadly, they are being led down a primrose path to ruin. In this episode of Thoughts from Maharrey Head, I explain where the standard GOP economic talking..
Read moreTrump Is Setting Himself Up as a Fall-Guy: Thoughts from Maharrey Head #120
"10 Minutes Closer to Freedom" To hear Donald Trump and his Republican supporters tell it, the economy is booming because of wildly successful Trumpanomics. But I think Trump is setting himself to take the fall when the bubble eventually bursts. In this episode of Thoughts from Maharrey Head, I explain why. LISTEN You can subscribe..
Read moreEnd the Fed! Thoughts from Maharrey Head #115
"10 Minutes Closer to Freedom" Most people have heard of the Federal Reserve, but they have no idea what it does or just how much of an impact it actually has on the economy. In this episode of Thoughts from Maharrey Head, I explain just one way the central bank has wrecked the economy as..
Read more