The Sad Legacy of the Bush Political Dynasty: George H.W. Bush

It has been more than 16 years since the second Bush of the father-son political dynasty left office, but the damage done by these two men continues to affect the lives not only of people in the country but around the world. Unfortunately, in the present age of Donald Trump, both Democrats and never-Trump Republicans are rehabilitating their disastrous presidencies, asking us to forget their legacies of death and destruction. Over the next two weeks, this column will remind our readers of the carnage these two presidents left behind.

Price Inflation Hit Multi-Month Highs in July, but Trump Wants More Easy Money

Last week, I noted that in spite of mounting pressure on Fed Chairman Jerome Powell and the FOMC to cut the target policy interest rate, the Fed absolutely should not do it. Although Powell claims that current monetary policy is restrictive, this is not the case. Indeed, following an injection of more than five trillion dollars into the economy since early 2020, the last thing we need is even more Fed intervention in the economy to add even more liquidity. I wrote: 

San Francisco Has A Black Market for Housing. That’s as Bad as It Sounds.

The owners of three single-room occupancy (SRO) hotels in San Francisco’s Chinatown recently settled a lawsuit with the city, agreeing to pay a hefty fine of more than $800,000. Among their alleged crimes was that they “illegally converted, combined or added unauthorized housing units” to their properties.

The allegations expose something that should be humiliating for San Francisco: the development of a black market for housing.