(Once again, with an assist from ChatGPT in devising the numbers. You can watch the video here.) If you've been investing for the last 15 years, you've learned a pretty simple lesson: Stocks win. At least that's what the numbers seem to tell us. The U.S. stock market...
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If Banks Create Money From Nothing, Why Do They Need Deposits?
I was reading about the credit crunch in the late 60s from a Federal Reserve bulletin. I had never heard of this issue before and it stunned me. So with the help of ChatGPT i went down a rabbit hole while looking at Regulation Q, interest rates, and the banking...
Does M2 Money Growth Really Cause Inflation?
One of the most widely repeated ideas in economics is that rapid growth in the money supply causes inflation. Milton Friedman famously argued that inflation is ultimately a monetary phenomenon. And the logic seems straightforward: if you create a lot more money...
Has America’s Exploding Federal Debt Actually Crowded Out Private Wealth?
We hear constantly that America's growing federal debt is going to impoverish the country. One of the traditional economic arguments is “crowding out.” The basic idea makes intuitive sense: the federal government borrows enormous amounts of money, competes with the...
1964 vs. Today: Are Americans Actually Better Off?
There is a popular idea that the typical American family was better off financially in the 1960s than it is today. One income bought the house. Mom could stay home. Dad went to work. College was cheap. Houses were cheap. Healthcare was cheap. Meanwhile, today's...
The Social Security Countdown Clock Is SCREAMING for a Fix
The Social Security countdown clock just got louder. (See the video I did on this here.) We are rapidly approaching the point where Social Security's finances will force Congress to act. Under current law, if lawmakers do nothing, Social Security benefits would face...
It’s Time To Admit It
Folks, America is crushing. There is not other conclusion. In a blog post I made yesterday I talked about this. Definitely check it out. But on top of that comes this lil' ditty: Now, I take this with a grain of salt, of course. How are these...
This Will Shock The “America Is Doomed” Crowd
I'm reading a paper from 2010 titled "Quantitative Easing and Proposals for Reform of Monetary Policy Operations" and one of the very interesting things was this: Before joining the Fed, Professor Bernanke promoted “quantitative easing,” a policy of asset purchases by...
Don’t Make This Life Insurance Mistake!
Life Insurance is a big deal. It's an even bigger deal if you thought you had a life-long policy but suddenly find out that your policy has lapsed. Now what do you do??? In this video, I'm going to show you exactly what you need to do ensure your life insurance policy...
Tariffs Cause Inflation, Eh?
At some point, we've got to stop listening to mainstream economists and their anti-tariff narratives. The proof simply doesn't exist for what they claim tariffs do as you can see from the graph below. Now don't take my word for it, this is from the BLS itself: "After...
THAT POST-WAR FEDERAL DEBT WHY IT MUST NOT EXPAND LIMITLESSLY
By John T. Flynn in Harper's Magazine July 1942 I am NOT saying I agree with this. I just wanted it out there for posterity as much of older economic work is getting harder to find. - Josh Nine years ago we were introduced to an experiment in recovery which was called...
2 Reasons NOT to Rollover Your 401k to an IRA
By Josh Scandlen Reason 1: Creditor Protection A common question I get from people planning their retirement is whether they should roll over their old 401(k) into an IRA. In most cases, the answer is yes — IRAs offer more flexibility, potentially lower fees, easier...