Blame the Federal Reserve

Blame the Federal Reserve

Back in 2015, I explained to Neil Cavuto that easy money creates the conditions for a boom-bust cycle. It’s now 2022 and my argument is even more relevant. That’s because the Federal Reserve panicked at the start of the pandemic and dumped a massive amount of...
The Economics of Greed

The Economics of Greed

Looking back on the 2008 financial crisis, it seems clear that much of that mess was caused by bad government policy, especially easy money from the Federal Reserve and housing subsidies from Fannie Mae and Freddie Mac. Many of my left-leaning...
Blame the Federal Reserve

Don’t Blame Joe Biden for High Inflation

I’m more than happy to condemn Joe Biden for his bad policy proposals, such as higher tax rates, fake stimulus, red tape, and a bigger welfare state. But as I discuss in this segment from a recent interview, he bears very little blame for today’s...
Blame the Federal Reserve

Blame the Federal Reserve

The good thing about being a policy-driven libertarian is that I don’t feel any need to engage in political spin. I can praise Democrats who do good things and praise Republicans who do good things. And...
The Failure of Bidenomics, Part II

The Failure of Bidenomics, Part II

Yesterday’s column explained that Biden’s proposals to expand the welfare state were bad news, in part because government subsidies often lead to inefficiency and higher prices. That’s not a smart strategy when inflation already is at...