At Tuesday’s Senate confirmation hearing, former Fed chair and President Biden’s pick as US Treasury secretary Janet Yellen claimed to have an appreciation for the nation’s debt burden, then proceeded to show she clearly doesn’t.
There's a lot of excessive optimism about the economy during the next four years in America. However, the US still comes out on top when compared to Europe and China.
Joe Salerno provides a brief description of fractional reserve-banking, identifies the problems it presents in the current institutional setting, and suggests a potential solution.
Despite the welfare state, hunger is no longer a widespread problem in America. But to keep the narrative going, “hunger” officially became “food insecurity.”
