Peter St Onge, Ph.D. @profstonge
Daily Videos on Economics and Freedom | Economist, former professor, ex-bartender | Articles, Videos, Podcast at https://t.co/FRKZ6XqFJ7 profstonge.com Join 16,000+ readers 👉 Joined June 2011-
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Everybody knows government debt is unsustainable, including Congress and Biden’s handlers. But nobody wants to stop it — spending is their mother’s milk, no matter the party. Now major banks are warning we “only have a couple years” to fix debt before it spirals out of…
Everybody knows government debt is unsustainable, including Congress and Biden’s handlers. But nobody wants to stop it — spending is their mother’s milk, no matter the party. Now major banks are warning we “only have a couple years” to fix debt before it spirals out of…
this just keeps getting funnier
this just keeps getting funnier
I was interviewed by one of the authors -- presumably as a Trump ally. I said all Presidents try to push rates to inflationary lows, it's built into the machine. If you want it to stop, you'll have to End the Fed. 🥳
I was interviewed by one of the authors -- presumably as a Trump ally. I said all Presidents try to push rates to inflationary lows, it's built into the machine. If you want it to stop, you'll have to End the Fed. 🥳
BREAKING: March PCE inflation, the Fed's preferred inflation measure, RISES to 2.7%, above expectations of 2.6%. Core PCE inflation was 2.8%, above expectations of 2.6%. We now CPI, PPI and PCE inflation RISING for 2 straight months. How can the Fed cut interest rates?
“We’re seeing some inflation but I personally believe this represents transitory factors.” -- Janet Yellen, June 2021
“We’re seeing some inflation but I personally believe this represents transitory factors.” -- Janet Yellen, June 2021
WSJ comes round to exactly what I've been saying for months: Rising inflation means the Fed ain't cutting anything. Their next move could even be a hike. "The Dream of Fed Rate Cuts Is Slipping Away" wsj.com/economy/centra…
Democrats loved it when Lyndon Johnson physically beat the Fed governor to fund his progressive schemes
Democrats loved it when Lyndon Johnson physically beat the Fed governor to fund his progressive schemes https://t.co/wAC9TUuEsj
Companion to today’s video: “The Mother of All Bailouts: Government” Read it here (it’s free!) profstonge.com/p/the-mother-o… “Best case is stagflation that crushes the young. Worst case is hyperinflation that cleaves society into warring factions.” “There's still time. But…
First the absolute clowns in DC devalued the dollar by 20% and now they're taking 100% if they don't like you - that's what happened to the Russian people. But now, Russia is doing the same thing to us. It's a global game of tit-for-tat and the dollar loses because it's no longer…
First the absolute clowns in DC devalued the dollar by 20% and now they're taking 100% if they don't like you - that's what happened to the Russian people. But now, Russia is doing the same thing to us. It's a global game of tit-for-tat and the dollar loses because it's no longer…
An important reminder that only a free society and free market, rooted in natural law, is consistent with God's gift of free will.
An important reminder that only a free society and free market, rooted in natural law, is consistent with God's gift of free will.
For those who do not understand what just happened: First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number. This reading is roughly 50% BELOW Goldman Sach's expectations. But it gets even worse. At the same time, the US Core PCE Price…
$500 from every family in America to Ukraine is "not a whole lot of money" in Mitch's book. For context, roughly half of Americans do not have $500 for an emergency. washingtonexaminer.com/news/senate/29…
Stagflation sucks. The dual mandate doesn’t work. It’s time to #EndTheFed.
🔊 …. Tucker is right, credit card companies are ripping off Americans with extra fees compared to Europe and Canada. They lure people in with easy credit spending ability and you get sucked into a terminal debt cycle. We pay on average an extra $1,000 per year in hidden fees…
WSJ: “Mix of slowing growth, firm inflation worries investors” Um, it's not just investors. In fact, we've got a name for it: Stagflation. wsj.com/economy/centra…
When professional boxers understand the economy better than Harvard economists you know this "elite" is pretty crap. Last week UFC fighter Renato Moicano gave a hard-core victory speech defending liberty and begging people read Ludwig von Mises' "Six Lessons" to save America.…
🚨🚨New GDP numbers out - yet ANOTHER depressing quarter under Biden🤦♂️ This marks the THIRD quarter in a row of the government growing faster than the economy! That's socialism at work as the woke left-wing government eats everyone else's lunch off the buffet table - all while…
Robert P. Murphy @BobMurphyEcon
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96K Followers 1K Following Christian, economist, & theorist of nonviolent mechanisms. Chief Economist @infineogroup, S Fellow Mises Institute. Author of *Choice*. https://t.co/5oHTfPomHIPer Bylund @PerBylund
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52K Followers 3K Following Follow for #Bitcoin insights. VP of Research @RiotPlatforms (NASDAQ: $RIOT). Steward of @CatholicBitcoin . Views here are mine.Tomer Strolight @TomerStrolight
49K Followers 4K Following Bitcoin. Editor-in-chief, https://t.co/IwdGTJgHmj. Humbled.NICO⚡️ @BITVOLT
45K Followers 900 Following Bitcoin Content Creator // Host of @SimplyBitcoinTV // Advisor @TheBitcoinWell • @sazmining • @orangepillappJesse Myers (Croesus .. @Croesus_BTC
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18 Followers 424 FollowingEverybody knows government debt is unsustainable, including Congress and Biden’s handlers. But nobody wants to stop it — spending is their mother’s milk, no matter the party. Now major banks are warning we “only have a couple years” to fix debt before it spirals out of…
BofA analyst: The world’s governments have “only a couple years” to fix their runaway debt before it could spiral out of control. It would be the mother of all bailouts: Global government debt is approaching $100 trillion — roughly equal to all the money in all the world. If it…
Most people don't think for themselves. They're just pinging off what 'high status' people think. If Taylor Swift came out as a HODLer, there'd be hordes of gen z and millenial women into bitcoin all of a sudden.
"I find myself more and more relying for a solution of our problems on [Adam Smith's] invisible hand which I tried to eject from economic thinking twenty years ago." — John Maynard Keynes on 4/11/1946, ten days before his death
🚨🚨🚨👀 We are ruled by psychopaths. "Global government debt is approaching $100 trillion - roughly equal to all the money in all the world."
BofA analyst: The world’s governments have “only a couple years” to fix their runaway debt before it could spiral out of control. It would be the mother of all bailouts: Global government debt is approaching $100 trillion — roughly equal to all the money in all the world. If it…
This Inflation is transitory. Pause. Pause. Paaaaaaause…
It takes tremendous humility (and, dare I say, grace) to acknowledge that you cannot organize society better than the seemingly chaotic masses of people exercising their free will.
An important reminder that only a free society and free market, rooted in natural law, is consistent with God's gift of free will.
And thanks to the wise and hilarious social media gurus who encouraged me to start this account in July 2022.
@RichAStern This critique of the economic performance under the current administration reflects deeper political divisions over how the economy should be managed. Debates over government size and its role often symbolize broader ideological battles between free-market principles and…
The top economists are blind, but regular people understand what’s happening. Last week UFC boxer Renato Moicano’s went viral, saying he loves America, he loves freedom, and to save our country everybody needs to read Ludwig von Mises’ “Six Lessons.” So what’s in the Six…
When professional boxers understand the economy better than Harvard economists you know this "elite" is pretty crap. Last week UFC fighter Renato Moicano gave a hard-core victory speech defending liberty and begging people read Ludwig von Mises' "Six Lessons" to save America.…
No, Dumbo, he's speeding us along the path to national bankruptcy. Where do you think the money for $95 billion of foreign aid boondoggles comes from?
Mike Johnson is our leader, a wartime Speaker of the House, and an American patriot doing everything possible to protect our freedom! 🇺🇸
If you aren’t already familiar with @profstonge and @RealEJAntoni , I highly recommend you add for their excellent daily Biden boom to bust economic commentary .
Yesterday I joined The Bottom Line on FOX Business with @dagenmcdowell talking about the housing affordability crisis that is devastating young Americans.
Median sale price of new homes exploded in Mar to $431k, despite higher mortgage rates, hitting highest price since Aug; remember that this is just the median home, not a mansion:
@profstonge This is a great example of the degrowth agenda working exactly as planned. Coming soon to a western nation near you without aggressively challenging this.
@profstonge If only my people would listen. Here, not only do governments insist on pay attention to the climate cult, the "educated" swear by it. I don't understand they don't see how this will keep us poor.
@profstonge Indeed, what is needed is more Research not "Mandates". When a sustainable, efficient, reliable energy source is discovered Everyone will jump on board but until then we must continue with efficient usage of fossil fuels. Resist the #ClimateScam.
The Climate Mafia has Africa in its cross-hairs, reversing decades of progress as it returns the continent to a pre-fossil fuel stone age. Dozens of African countries now face a choice: Widening poverty and food shortages, or embrace a China that demands obedience and an…
Green energy is gutting Africa. Reversing decades of progress in the fantasy that windmills can somehow power a combine harvester. The IMF, World Bank, and their pet commercial banks have all but banned fossil fuel development in Africa. Leaving them in a poverty trap where…
As a fan of consequences, this is great news!
Tens of thousands of mainstream journalists laid off in what's being called an "Extinction Event" for corporate journalism. Of course, that's great news for regular Americans given mainstream journalists have become activists whose main purpose is gaslighting voters.
This is great... x.com/profstonge/sta…
Tens of thousands of mainstream journalists laid off in what's being called an "Extinction Event" for corporate journalism. Of course, that's great news for regular Americans given mainstream journalists have become activists whose main purpose is gaslighting voters.