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.
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.
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.
Mark explains why an economic Crash Landing is better for workers and savers, and how it would place much of the pain on the rich, politically-connected classes.
President Biden says he is going to unleash regulators to bring more "competition" to the economy. This is an oxymoron.
The Biden administration is unleashing the USDA on small farmers, attempting to regulate them out of business. This is done to protect not the public's health, but politically connected agriculture interests.
President Biden's new student debt "relief" plan will ensure that college graduates will seek low-paying, low-impact jobs. They would have done as well or better had they not gone to college.
While unemployment currently is low and the rate of inflation has fallen somewhat, Bidenomics is setting off a boom that is unsustainable. We know what happens next.
While we criticize the Fed for its monetary predations over the past few years, we really should look at the harm the Fed has caused for more than a century. Its record is abysmal.
