Posts by Craig Eyermann
Craig Eyermann is a Research Fellow at the Independent Institute.
Cashing in on Congressional Trading


How bad has insider trading become among politicians elected to the U.S. Congress and congressional employees? It didn’t take long to find out. Just after this article on conflicts of interest for Federal Reserve and Congress members went live here at the Beacon, NPR broke a new story. Inexperienced traders using the TikTok app...
Read More »
$3.5 Trillion Does Not Equal $0


President Joe Biden is a lot like President Donald Trump. He likes to use Twitter to gaslight his critics. How else can you explain President Biden’s September 25, 2021 tweet, in which he claims his Build Back Better Agenda will not cost anything? My Build Back Better Agenda costs zero dollars. Instead of wasting...
Read More »
Conflicts of Interest at the Fed and Congress


The Federal Reserve is trying very hard to get ahead of a potential conflict-of-interest scandal. Several high-ranking Fed officials have investments in securities the U.S. central bank has been buying to stimulate the economy. Consequently, these officials have conflicts of interest in considering policies that might materially affect the value of their investments. Reuters...
Read More »
Social Security To Run Out of Money Sooner


The trust fund that sustains a large portion of the Social Security benefits American seniors rely upon will run out of money in 2033. The trust fund will be depleted a year earlier than forecast a year ago. That’s the verdict of Social Security’s trustees, who point to the “precipitous” effect of the coronavirus...
Read More »
The Biggest Fraud Ever Perpetrated Against the U.S.


The scamming of pandemic unemployment relief benefits is now being described as “the biggest fraud ever perpetrated against the U.S.” by private security experts. What’s really scary is that it may not yet be over. The story is back in the news because those experts have done more work to identify where the money...
Read More »
Dr. Doom: Stagflationary Debt Crisis Looms Ahead


Nouriel Roubini earned the nickname “Dr. Doom” during the housing bubble of the early 2000s, when he predicted a crash in housing prices would blow up into a larger financial crisis and deep recession. He is one of the few economists who can honestly claim to have predicted the major events that came to...
Read More »
How Excessive Government Spending Leads to Financial Repression


The U.S. Senate passed a $1.1 trillion “bipartisan” infrastructure spending bill last week. Shortly afterward, just 50 senators passed an extremely partisan $3.5 trillion budget blueprint. A good question to ask is where is the U.S. government going to come up with the money to pay for all that spending. The simple answer is...
Read More »
CBO: Biden Spending on Unsustainable Path


The Congressional Budget Office has updated its earlier budget and economic outlook for the next 10 years. There is one big takeaway from their revised outlook. The Biden-Harris administration’s planned spending is on an unsustainable path. The following chart from the CBO’s report shows what that means in terms of expected spending and tax...
Read More »
“Dire Consequences” for Most Americans from $3.5T Infrastructure Bill


Stanley Druckenmiller is one of the most influential investors in America today. He became a billionaire himself by making billions more for his clients as a fund manager. At the time he chose to close his asset management firm Duquesne Capital in 2010, after more than 30 years of investing other people’s money, it...
Read More »
Biden Spending a “Sugar High” Bust for Growing Economy


President Joe Biden wants to increase government spending by a lot, but will that spending grow the economy by a lot? A surprising source says it won’t. None other than President Joe Biden himself makes that claim in the economic assumptions of his budget proposal for Fiscal Year 2022. Here’s the economic growth President...
Read More »
  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org