The Fed’s Federal Open Market Committee released the minutes to its December meeting yesterday, and the minutes further strengthen the view held by many Wall Street investors and observers that the Fed plans to implement rate cuts by the middle of 2024. Specifically, the most recent Fed survey of market participants “suggested that the first reduction in the policy rate would occur in June.” 

With the advent of language artificial intelligence like ChatGPT that are trained on online information, one can find backing for a hypothesis regarding society. General political thought is leftist leaning since the political answers given by the app are left oriented.

A little over six months ago, Claudine Gay was appointed president of Harvard University, the first black president of that now embattled institution. She recently resigned her post, only to retain a $900,000 salary as a professor. No doubt her appointment had more to do with the imperatives of an engulfing diversity, equity, and inclusion (DEI) agenda and less to do with the quality and volume of her scholarship, later found to be riddled with plagiarism.

Today’s US fiscal predicament includes unprecedentedly high federal spending financed by inadequate tax revenue and high federal budget deficits. There is a lack of sufficient buyers of US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits are forecast to outstrip their trust funds in a few years. How might a nineteenth-century English economist be relevant to this predicament?

The war on the producer is raging on, and the assault on free enterprise and the entrepreneur is hitting an all-time high. Whether it be politicians, academics, or the mainstream media, there’s a relentless effort to paint those who create wealth and prosperity as villains who do nothing but exploit the masses.

On Monday night, January 8, the University of Michigan and the University of Washington football teams will vie for the collegiate national championship. While championships always bring excitement to fans and participants alike, this year’s game brings attention to major changes that have occurred in the National Collegiate Athletic Association Division I in the past few years involving both monetary payments and mobility for athletes.