Two days before Christmas, 1913, the infamous “creature from Jekyll Island,” the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since. #econsky #economics #inflation
December 24, 2025 at 4:25 PM
Two days before Christmas, 1913, the infamous “creature from Jekyll Island,” the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since. #econsky #economics #inflation
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
Friedrich August von Hayek
#economics #econsky
Friedrich August von Hayek
#economics #econsky
November 30, 2025 at 2:15 PM
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
Friedrich August von Hayek
#economics #econsky
Friedrich August von Hayek
#economics #econsky
Soaking the rich would have disastrous effects for the poor and middle classes. For it is the rich who provide a proportionately greater amount of saving, investment, entrepreneurial foresight, and financing of innovation that brought the USA to the highest standard of living. #econsky #economics
November 8, 2025 at 1:53 PM
Soaking the rich would have disastrous effects for the poor and middle classes. For it is the rich who provide a proportionately greater amount of saving, investment, entrepreneurial foresight, and financing of innovation that brought the USA to the highest standard of living. #econsky #economics
When the government gets too big they have the power to cut off your food and healthcare.
November 6, 2025 at 8:45 PM
When the government gets too big they have the power to cut off your food and healthcare.
Equalizing access to goods and services without regard to incentives and productivity tends to shrink the overall “economic pie” until very little remains. Extensive government control and welfare programs devastated the economy and led to severe shortages and hyperinflation. #economics #econsky
November 6, 2025 at 8:31 PM
Equalizing access to goods and services without regard to incentives and productivity tends to shrink the overall “economic pie” until very little remains. Extensive government control and welfare programs devastated the economy and led to severe shortages and hyperinflation. #economics #econsky
Politicians won't solve problems. If fact most problems are caused by them. They need problems to be reelected. If there are no problems to solve society might realize it doesn't actually need them. #economy #economics #econsky
January 16, 2025 at 2:30 PM
Politicians won't solve problems. If fact most problems are caused by them. They need problems to be reelected. If there are no problems to solve society might realize it doesn't actually need them. #economy #economics #econsky
What we're witnessing with the wildfires in Los Angeles is nothing more than decades of gov intervention and policy failure. No one will be held accountable and the American taxpayers will foot the bill. #economics #economy #econsky
January 10, 2025 at 7:52 PM
What we're witnessing with the wildfires in Los Angeles is nothing more than decades of gov intervention and policy failure. No one will be held accountable and the American taxpayers will foot the bill. #economics #economy #econsky
By the time the failures and unintended consequences of the govt intervention are recognized, many interests have become vested in keeping the status quo. As a result, the intervention is almost never reversed, but additional govt measures are proposed instead and the cycle repeats. #econsky
December 29, 2024 at 6:56 PM
By the time the failures and unintended consequences of the govt intervention are recognized, many interests have become vested in keeping the status quo. As a result, the intervention is almost never reversed, but additional govt measures are proposed instead and the cycle repeats. #econsky
Deflation is not bad. It's not bad for the people it's not bad for the economy. It's only bad for the government, they need inflation to continue to borrow money and manage their debt. Inflation is nothing more than another tax on the people. #economy #economics #econsky #inflatiom
December 28, 2024 at 2:28 AM
Deflation is not bad. It's not bad for the people it's not bad for the economy. It's only bad for the government, they need inflation to continue to borrow money and manage their debt. Inflation is nothing more than another tax on the people. #economy #economics #econsky #inflatiom
The more money that gets printed the more inflation rises. The lower the interest rate the more money gets printed and more inflation rises. This only lasts for so long until it crashes and they start the process all over again. #economics #economy #econsky
December 11, 2024 at 1:44 PM
The more money that gets printed the more inflation rises. The lower the interest rate the more money gets printed and more inflation rises. This only lasts for so long until it crashes and they start the process all over again. #economics #economy #econsky
A so-called “liquidity trap” does not emerge in response to consumers’ large increases in the demand for money, but comes as a result of expansionary monetary policies, which inflict damage and distort production, savings, and the capital structure. #economics #economy #econsky
December 10, 2024 at 12:59 AM
A so-called “liquidity trap” does not emerge in response to consumers’ large increases in the demand for money, but comes as a result of expansionary monetary policies, which inflict damage and distort production, savings, and the capital structure. #economics #economy #econsky
From the perspective of economic value, gov intervention only destroys value, redistributes value, or produces added value less efficiently than is otherwise the case. Yet, in the GDP framework, gov intervention will always make a positive contribution. Gov debt increase > increase in GDP=Bad news
December 8, 2024 at 12:34 PM
From the perspective of economic value, gov intervention only destroys value, redistributes value, or produces added value less efficiently than is otherwise the case. Yet, in the GDP framework, gov intervention will always make a positive contribution. Gov debt increase > increase in GDP=Bad news
Seems logical discussions have become a rarity these days. Don't like my opinion fine let's discuss it I'm open. But so far all I've gotten is ad hominem attacks and blocks. If your counter argument is "You obviously don't know anything" nothing will be accomplished. #economics #econsky #economy
December 2, 2024 at 3:43 PM
Seems logical discussions have become a rarity these days. Don't like my opinion fine let's discuss it I'm open. But so far all I've gotten is ad hominem attacks and blocks. If your counter argument is "You obviously don't know anything" nothing will be accomplished. #economics #econsky #economy
When government agents intervene into the economy, they do so without even understanding how market processes work in the first place. This lack of knowledge makes things even worse, as regulators are not even aware of the damage they are causing. #economics #econsky #economy
December 1, 2024 at 2:18 PM
When government agents intervene into the economy, they do so without even understanding how market processes work in the first place. This lack of knowledge makes things even worse, as regulators are not even aware of the damage they are causing. #economics #econsky #economy
The largest companies this man constantly complains about have steady profit margins of between 1-5% before COVID and today. This isn't corporate greed, this is unfettered government spending, Fed interest rate manipulation, and massive money printing. #economics #econsky @rbreich.bsky.social
November 30, 2024 at 4:43 PM
The largest companies this man constantly complains about have steady profit margins of between 1-5% before COVID and today. This isn't corporate greed, this is unfettered government spending, Fed interest rate manipulation, and massive money printing. #economics #econsky @rbreich.bsky.social
The economy is people interacting and making decisions with others based on ever changing wants, needs, and desires. Not just numbers on spreadsheets or a mathematical equation. The sooner this becomes a priority in our economic studies the better off we will be. #economics #econsky #economy
November 23, 2024 at 2:22 PM
The economy is people interacting and making decisions with others based on ever changing wants, needs, and desires. Not just numbers on spreadsheets or a mathematical equation. The sooner this becomes a priority in our economic studies the better off we will be. #economics #econsky #economy
If the economy fails because we reduce the size of the government we need to have a conversation on why the government has that big a grip on the economy.
November 23, 2024 at 2:10 AM
If the economy fails because we reduce the size of the government we need to have a conversation on why the government has that big a grip on the economy.
The calculations used for inflation are constantly changing making the numbers appear lower and lower. This is a reason for the disconnect on how they tell us the economy is doing vs what we are actually experiencing in the economy. This is going to make the booms longer and the crashes harder.
November 22, 2024 at 7:55 PM
The calculations used for inflation are constantly changing making the numbers appear lower and lower. This is a reason for the disconnect on how they tell us the economy is doing vs what we are actually experiencing in the economy. This is going to make the booms longer and the crashes harder.
Forcible propping up of the price level (i.e The Feds 2% inflation target) prevents the spread of higher living standards. The fear of deflation is unsubstantiated. #economy #econsky #economics
November 22, 2024 at 6:52 PM
Forcible propping up of the price level (i.e The Feds 2% inflation target) prevents the spread of higher living standards. The fear of deflation is unsubstantiated. #economy #econsky #economics
Federal student loan system subsidize colleges increasing demand and therefore skyrocketed the price while simultaneously decreasing the value of a degree. You cannot demand a premium on something that no longer has any value regardless of how much debt you took on to receive it. #economics #econsky
November 22, 2024 at 1:48 PM
Federal student loan system subsidize colleges increasing demand and therefore skyrocketed the price while simultaneously decreasing the value of a degree. You cannot demand a premium on something that no longer has any value regardless of how much debt you took on to receive it. #economics #econsky
November 21, 2024 at 12:36 AM
End stage capitalism is not caused by an inherent failure of the system but the final erosion of freedom and property rights by government until we are considered socialist and eventually communist/dictatorship. #economics #econsky #economy
November 20, 2024 at 5:41 PM
End stage capitalism is not caused by an inherent failure of the system but the final erosion of freedom and property rights by government until we are considered socialist and eventually communist/dictatorship. #economics #econsky #economy
People are starting to wake up to the reality that minimum wage laws only help the few and hurt the majority. A state with already high homeless population and high cost of living has finally had enough.
www.foxnews.com/politics/cal...
www.foxnews.com/politics/cal...
California voters narrowly reject $18 minimum wage; first such no-vote nationwide since 1996
California voters narrowly rejected a minimum wage hike to $18, by a reported margin of 51-49, marking the first such failure of that type of ballot initiative since 1996.
www.foxnews.com
November 20, 2024 at 4:42 PM
People are starting to wake up to the reality that minimum wage laws only help the few and hurt the majority. A state with already high homeless population and high cost of living has finally had enough.
www.foxnews.com/politics/cal...
www.foxnews.com/politics/cal...
The core of Keynesian economics is flawed. No amount of tweaking is going to make it work. All it's doing is causing pain and suffering for the middle and lower class. #economics #inflation #econsky
November 20, 2024 at 1:21 PM
The core of Keynesian economics is flawed. No amount of tweaking is going to make it work. All it's doing is causing pain and suffering for the middle and lower class. #economics #inflation #econsky