“the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent.”

Unless members of Congress intervene to prevent it, the food stamp program—also known as the Supplemental Nutrition Assistance Program (SNAP)—will be suspended beginning November 1. If the federal partial “shutdown” ends before then, the program will likely send out the usual billions of dollars to the nation’s 41 million recipients on schedule. 

Needless to say, lobbyists and activists who favor the food stamp program have been working furiously to make sure that the program is not interrupted. 

On October 9, zerohedge.com once again hosted a debate between libertarian financial author and podcaster Peter Schiff and pro-tariff author Spencer Morrison.

Philipp Bagus has just published a blog post in which he explains “what would have happened to the demand for pesos if Javier Milei had closed the central bank on his first day in office.” He argues that such a closure would have reinforced the strongly inflationary tendencies that prevailed in Argentina when President Milei took office. He states:

Prices in veterinary services for pets have skyrocketed in the UK since 2020. The pompously-named Competition and Markets Authority is the UK’s government antitrust agency.

Last week, President Trump ordered an aircraft carrier strike group into the waters off Venezuela. The deployment of the USS Gerald R.