Once again, rioters have taken to the streets of Los Angeles—this time to oppose President Donald Trump’s deportation efforts. What began as peaceful, constitutionally-protected demonstrations quickly turned “overwhelmingly peaceful”—or, in other words, into fiery, violent chaos: cars ablaze, local businesses ransacked—the whole nine yards.
As prices surge, loan amounts get bigger. “Larger mortgage balances have put pressure on homeowners and likely caused an increase in delinquencies.”
Trump, et al want more inflation and want Powell to be the new Arthur Burns. Burns is arguably the actual worst Fed chair ever.
A few weeks ago I urged President Trump to make a deal with Iran that would satisfy his stated goal of no nuclear weapons production and would allow Iran to continue its lawful pursuit of civilian nuclear energy. The deal on the table, as described by the Iranian foreign minister himself, was a win-win “update” of Obama’s JCPOA “nuclear deal” that could have avoided a costly and counter-productive war with Iran.
“The Department of Defense continues to provide the President with robust options to continue military aid to Ukraine.”
More lawless new taxation without any debate or vote in Congress. “Today we’re doing copper,” he said at a Cabinet meeting, adding that he believed the rate will be 50%.
Do you wince when you hear someone rip “capitalism” for some alleged evil, then propose a new government program to correct it? Are you frustrated when hearing people demand the soaking of the rich to relieve the poor? Are you frustrated further when realizing the poor are still poor after government has intervened?
Mises Institute President Llewellyn H. Rockwell Jr.—while summarizing the views of Murray Rothbard on gold—said this,
In a gold standard, the “price of gold” is not unaccountably fixed by government intervention. Rather, the “dollar,” for the past half-century a mere paper ticket issued by the government, will become defined once again as a unit of weight of gold.
