Summary:Jay Powell again admitted the Federal Reserve was wrong on inflation, believing it to be “transitory” last year but realizing it is anything but transitory. He says he’s committed to fighting it, but with merely a .25% rate cut this month and no reduction in the Fed’s massive balance sheet.But if the economy is as...
Summary: There are myriad lists of best and worst presidents in U.S. history compiled by historians. Typically, presidents who helped expand the power of the federal government, led America into a major war, or both, are found at the top, while those whose governance benefited their constituents the most are found at the bottom. Warren...
Summary: The United States spends more on its military than the next ten nations combined. The vast majority of this spending does not go towards hot wars, but rather to maintain the worldwide standing army that includes hundreds of thousands of troops stationed outside U.S. borders. But as the NATO response to Russia’s invasion of...
Summary: Every traditional and social media outlet is flooded with one story: President Putin of Russia is absolutely evil for invading Ukraine “for no reason,” while President Zelensky of Ukraine is a gallant hero for bravely standing his ground to resist. But when you remove the emotionally charged packaging, the situation in Ukraine looks very...
Summary: So divisive have American politics become that conservatives and liberals now openly talk about “national divorce,” meaning dissolving the existing union to allow red and blue states to either govern themselves or join smaller, likeminded federations. While there is nothing wrong with considering this solution, one less daunting may be staring Americans in the...
Summary: They changed George Washington’s birthday to “Presidents’ Day” to honor all the presidents, no matter how terrible they were, especially Lincoln, who was one of the worst. The holiday is usually accompanied by many best/worst president’s lists as seen by historians. Not surprisingly, you can read these backwards and they make much more sense....
Summary: While thousands of Canadian truckers fight vaccine and mask mandates in Canada and cities, states, and nations begin repealing Covid restrictions amid public pressure, New York’s unelected governor continues to require schoolchildren to be masked. Attorney Jim Ostrowski of Buffalo is taking her and every complicit school district to court. Guest bio: James Ostrowski...
Summary: Jay Powell said in December 2021 that the Fed would target federal funds interest rate of 0.9% by the end of 2022. But in the past week, several other Federal Reserve Board members have spoken out, with President of the St. Louis Fed James Bullard calling for the rate to reach 1.0% by July...
Summary: As a follow up to Episode 34 You and I Would Go to Jail for Running a Scam Like Social Security, Tom answers some questions e-mailed in response to the episode and points out how both Social Security and the Federal Reserve System intentionally misuse financial terms to deceive the public. Links: But I...
Summary: The libertarian philosophy based upon self-ownership and the non-aggression principle leads one to political positions like legalizing prostitution, gambling, and other victimless crimes. This begs the question: can one be a devout Christian and a libertarian at the same time? Doug Stuart and Kerry Baldwin of the Libertarian Christian Institute join Tom to discuss...