Fed policymaking is all about political expedience. When we see Fed policy, we must keep in mind that "managing the economy" is secondary to managing public debt service and public expectations.
There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.
Will the economy take off and perform much better than anyone anticipates? Don't bet on it.
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.
Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected.
Ryan and Tho are joined by economist Mark Thornton to take a look at why so many economists keep telling us the economy is in great shape.
In their war against free speech, progressive governments are now denying dissidents use of the banking system.
The vast American welfare system is imploding. Future tax revenues will not come close to meeting future obligations. Something must give.
Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected.
The UAW's strike against US automakers will do long-term damage to the domestic auto industry. Unfortunately, unions and their advocates will learn nothing from this debacle.
