The American federal government from its inception has expressed powers that they do not have the right to express. One of these powers they respectively gave themselves is the power to give out student loans to practically anyone who plans to go to college and needs a loan. Currently, as of November 2021, 44.7 million Americans have student loan debt; 42.3 million of those individuals are in debt to the federal government.
The Biden administration’s decision this week to raise import duties on some Canadian lumber has US trade policy back in the headlines.
For many, income inequality is a disease ravaging the fabric of capitalist societies. Therefore, curing this ailment, according to progressives, necessitates an injection of welfare benefits and higher taxes on the wealthy. Guided by a zero-sum outlook, critics believe that the success of the affluent is gained at the expense of the poor. To remind voters that he takes income inequality seriously, during his presidential campaign, Joe Biden expressed concern that the intensity of income inequality in the US would foment discord.
In Canada, inflation hit 4.7 percent in October, and is expected to go even higher. According to a recent survey, 46 percent of Canadians are struggling to feed their families because of the rising cost of living.
It’s called the troika. It sounds like communism. It looks like communism. But is it true communism?
Wall Street Journal explains:
The Fed’s vice chair, along with the New York Fed president, is part of the inner circle of advisers—known as the troika—that shape the agenda for monetary-policy deliberations by the Fed’s rate-setting committee.
Major representatives of the European Central Bank—including ECB president Christine Lagarde—continue to warn against bitcoin.
According to the popular narrative, the role of the central bank is to navigate the economy along the so-called path of economic stability. By this way of thinking if various shocks cause the economy to deviate from this path, then it is the role of central bank policy makers to offset these shocks. This is done by means of suitable monetary policies. In line with this way of thinking to counter the shocks from covid-19, the US central bank, the Federal Reserve System, pumped a massive amount of money into the economy.
