The recession has arrived; the Federal Reserve to begin pumping new money into the economy: fed funds rate to decline to goose the economy; unsolicited advice for Donald Trump; can Kamala win?
The Mises Institute’s Circle will meet in Fort Myers on November 9. The theme, Elections and the Economy: Do They Really Matter?, will feature Tom DiLorenzo, Mark Thornton and yours truly. To register please visit this page.
Order a free copy of Rothbard’s money and banking classic monograph from the Mises Institute.
Trump? Biden? Or Other? Paul Mladjenovic and I discuss the presidential campaign.
Ryan McMaken: tariffs are taxes.
WSJ editorial about the debt crisis. Spending is out of control.
Andy Kessler’s WSJ column on government failure and Rothbard’s classic essay on the public sector.
Dr. Joseph Sansone interviews me about the economy, war, and more.
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To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical. Commerce with all nations, alliance with none, should be our motto. Thomas Jefferson
WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.
― Smedley Butler, War Is a Racket
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. Ernest Hemingway
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Every Wednesday at 11:05am talk show host Gary Nolan and I discuss the economy and politics. The Fort Myers Mises Circle presentations are available online. My Ludwig von Mises Lecture at the Institute is also online.
Latest podcast on healthcare with host Johnathan Westover; Incentivizing wellness podcast with Bernadette Pajer; the Human Action podcast with Bob Murphy on my American journey; Joseph Cotto and I discuss Argentina and the US, and the Human podcast with Bob Murphy on healthcare; Robert Scott Bell and I discuss healthcare on the second hour of his podcast.
Murray Sabrin, PhD, is emeritus professor of finance, Ramapo College of New Jersey. Dr. Sabrin is considered a “public intellectual” for writing about the economy in scholarly and popular publications. His book, The Finance of Health Care: Wellness and Innovative Approaches to Employee Medical Insurance (Business Expert Press, Oct. 24, 2022), and his other BEP publication, Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide (October 2021), provides decision makers with tools needed to help manage their businesses during the business cycle. Sabrin's autobiography, From Immigrant to Public Intellectual: An American Story, was published in November, 2022.
Recession is never a one-size-fits-all proposition, just like inflation and finances. Some still thrive, some survive and some barely survive. Get ready for tons of new federal debt as government spending goes completely off the rails and heads towards a $100 trillion deficit before 2030. The socialist government that has been around in the US for over 100 years is on its last legs and its death throes are going to be exotic and extreme. But it will die.