Over the past year, three US states have enacted new legislation legalizing recreational marijuana within their borders. In May 2022, recreational cannabis became legal in Rhode Island, and the same occurred in Missouri in December of last year. In the wake of the 2022 election, in which Maryland voters approved Maryland Question 4, recreational use became legal in that state as well.

It’s true what they say about following the money. With the release of the Federal Reserve’s 2022 Financial Statements, we can take a closer look at their income and expenses to find that the central bank functions like a federal embezzler as much as it does a federal counterfeiter.

It begins on page 7: Revenue of $170 billion.

College campuses have long been battlegrounds between due process for those accused of sexual misconduct (innocent until proven guilty) and legal privileges for alleged victims who many automatically believe (guilty until proven innocent).

To understand the economy, most financial experts and commentators rely upon gross domestic product (GDP). The GDP framework looks at the value of final goods and services produced during a particular time interval, usually a quarter or a year.

This statistic is constructed with the view that consumption, not wealth production, drives an economy. Since consumer outlays are the largest part of the overall demand, it is assumed that consumer demand drives economic growth, a fundamental assumption in Keynesian economics.