Of all the absurd Washington pantomimes none has been as reliably entertaining and maddening as the annual debates to raise the debt ceiling. Although the outcome was always a foregone conclusion (the ceiling would be raised), the excitement came when fiscal conservatives bemoaned the perils of runaway debt and “attempted” to exact spending restrictions through threats “to shut down the government,” (which often led to news coverage of tourists being turned away from national parks.)
The media has taken President Trump to task for all manner of false or exaggerated claims, but surprisingly little has been said about Trump’s most glaring forays into abject hypocrisy. Recently, on the Joe Rogan podcast, economist Peter Schiff outlined how Candidate Trump rightly questioned the reliability of unemployment data and stock market performance, but reversed himself completely on those fundamental views after the election. fj_kdbcc” height=”1″ width=”1″ alt=””/>
All of a sudden the Fed got a little tougher. Perhaps the success of the hit movie Wonder Woman has inspired Fed Chairwoman Janet Yellen to discard her prior timidity to show us how much monetary muscle she can flex when the time comes for action.
The fact that all central bank policies since 2008 have dramatically increased wealth and income inequality is now grudgingly being accepted as reality by mainstream economists and the financial media.
Any society that tolerates this systemic exploitation and corruption as “business as usual” is not just sick–it’s hopeless.
The Fed has not only failed to fix what’s broken in the U.S. economy–it has actively mad those problems worse. The Federal Reserve claims its monetary interventions saved America from economic ruin in 2009, and have bolstered growth ever since. D…
The vulnerability of global food production to extremes of weather is a profound reality that few grasp.
The only way to reverse declines in labor participation and stagnation in wages and demand is to make it easier to start enterprises and hire people.Mainstream economists are mystified why wages/salaries are still stagnant after 7+ years of growth / “r…
the mainstream has failed. Mainstream career advice now leads to crushing debts and career stagnation, mainstream financial planning generates high risks, mainstream government regulations are costly and burdensome, and the mainstream media is little more than a corporate-owned mouthpiece of propaganda and distributor of infotainment that is sold as “news.”
Maybe the “smart money” knows the real numbers are now so far from the central planners’ rigged statistics that the carefully constructed narrative of “recovery” is doomed to an unwelcome intrusion of reality.One investment truism holds that informatio…
