The economy is no better than it was under Barack Obama. And that ‘blazing’ growth? It’s actually less than the growth rate through the Great Depression!
Americans are now among the most heavily policed people in the advanced world. There were three federal crimes in 1789; there are more than 4,000 today.
Stocks advanced a little yesterday. Investors were said to be hopeful about the upcoming trade talks with the Chinese. With a little luck, President Trump will talk to Chinese President … Read More
Well, we were wrong. We figured the Fed would pause now. Instead, it went ahead with its rate hike and suggested it would pause in 2019.
Central banks have no economic magic. No financial panaceas. No money miracles. They can’t really make an economy run better.
The last leaves are falling from the trees. And the last days of December are counting down, like the quiet moments before an execution.
We have a bubble economy, not an economy on a solid footing of rising wages, productivity, sales, and profits. The boom we have enjoyed is largely fake.
The Fed’s big mistake following the 2008 crisis was holding interest rates down too low for too long. This discouraged saving and made debt more attractive.
The US dollar is fake money. And the Fed lends it out at fake rates. This is why corporate, consumer, and government debt is so high.
The Republican Party used to be about small government and balanced budgets. But now, under Trump, it’s embraced disastrous debt and inflation.
Now that the dust has settled on the midterms, we see the Democrats in control of the House and Trump’s power diminished. But will anything actually change?
They promised us that the digital economy would keep us safe and make us more prosperous. But what if it’s just a new form of enslavement?
Americans generally believe that the economy under Trump is galloping along at a fantastic pace. Sadly, that’s not the truth.
Donald Trump came into the White House promising to drain the swamp. Instead what we’re seeing is the deficit ballooning to $1.3 trillion next year.