by | May 9, 2019

There’s an inherent conflict of interest that occurs when an agency serves as both a regulator and competitor. Unfortunately, that describes the present state of the Federal Reserve. But rather than reform the agency to eliminate sources of conflict, the…

by | May 1, 2019

Washington Steve Moore, one of the oracles of free market economics, is President Donald Trump’s choice for the Federal Reserve Board, and the long knives are out for him. Yet I am told by conservatives everywhere not to worry. He…

by | Oct 23, 2018

Donald Trump blasted the Federal Reserve last week, labeling them his “biggest threat” on account of another interest rate hike in September. Since July, Trump has repeatedly jabbed at the Fed, letting Federal Reserve Board of Director Jerome Powell feel…

by | Oct 11, 2018

The rate on ten-year U.S. Treasury bonds rose from below 3 percent to 3.2 percent last week. Signals abound that that Quantitative Easing morphs into Quantitative Tightening. The rise in the bond rate follows the Federal Reserve, which devoured U.S….

by | Sep 7, 2018

The Trump economy is quite the party. Stocks are soaring, jobs are easy to come by, and incomes continue to rise across the U.S. Yet, September’s IBD/TIPP poll, one of only two polls to correctly predict the 2016 election, is…

by | Jul 10, 2018

Problems with stimulants include the hangover that follows the high, the compulsion to keep chasing that initial feeling despite all subsequent attempts falling short, and the Charles Atlas self-portrait that others see as the guy getting sand kicked in his…

by | Aug 25, 2017

The populism that fueled the rise of Donald Trump and Bernie Sanders came from the perception that the federal government responded like Superman when it saved Wall Street and Clark Kent when it came to helping everybody else. While these…

by | Apr 11, 2017

The Federal Reserve Bank, also known as “The Fed,” was created in 1913 to regulate the banks and to ensure a stable dollar. The Fed has strayed from its initial charter and is now the primary enabler of federal deficit…

by | Aug 19, 2016

Hmm. Roughly eighty days to the election. Mr. Trump and Mrs. Clinton have submitted their tax plans and some generalities about economic policy. In a word, Mr. Trump advocates lower taxes for the rich and a drastic cut in the…

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