The more aggressive the central bank’s loose monetary stance is the more drainage of real wealth takes place and the less real wealth is left at the disposal of true wealth generators.
Congress has no small part in the endless cycle of debt, spending, and rising bureaucratic power.
Neel Kashkari is urging the Fed’s home office to lighten up on the interest rate hikes already. The President must be pleased.
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Blaming the euro will not save Italy. Italy’s problem is political spending — the same problem that this new budget is going to greatly increase.
Hurricane Michael brought destruction that the Florida panhandle has never seen before, but it failed to break the community it impacted.
To obtain more economic growth, what is needed is a supply of saved capital to put the advanced technological methods into effect.
The aim is no longer the "dictatorship of the proletariat," because this project has failed. The new goal is "the dictatorship of the intellectuals."