George McGovern, the Democratic Party’s 1972 presidential nominee, was a liberal icon. During many years in political office, including as a U.S. senator from South Dakota, McGovern successfully championed loads of regulations, taxes, and mandates in the name of the…
Don’t be confused by the latest numbers. Smart forecasters still predict a deep recession. Brian S. Wesbury and Robert Stein at First Trust Portfolios have been reliable guides over recent decades. They expressed some hope for a correction over the last…
Federal revenues project higher for the next 10 years than the average for the past half-century. So how, with record revenues, can the forecasted debt-to-GDP ratio soon surpass any in the history of the United States? On Wednesday, the Congressional…
Volodymyr Zelenskyy traveled 5,000 miles wanting Congress to give him $45 billion but more so wanting not to ask for it. The charismatic Ukrainian leader insisted, “Your money is not charity.” Who called truth the first casualty of war? The aid…
The difference between Sam Bankman-Fried’s cryptocurrency exchange and Uncle Sam’s legal tender appears one of degree and not of kind. Investors present at the creation of FTX now possess nothing or next to nothing of their original investments. The same…
Congress’s lame-duck session is an ideal time for both parties to pass last-minute legislation while voters are busy Christmas shopping and before members who lost their reelection bids surrender their seats in January. Especially this year, real danger lurks in…
The Biden administration has canceled yet another set of student loans. This time, the government “forgave” the money owed by those who attended Corinthian College, a for-profit education group now defunct. Many have attacked this series of loan cancellations as…
After presiding over the biggest Federal Reserve failure in 40 years and with inflation rating as the top concern among Americans, Jerome Powell’s nomination to a second term as chairman was approved this past week by the Senate, 80 to…
Joe Biden named inflation “my top domestic priority” on Tuesday. On Wednesday, the Bureau of Labor Statistics announced an annual consumer price index of 8.3 percent for April. The president’s top domestic priority also ranks first in terms of his…
As the greatest inflation spike of the last 50 years occurs, the utter failure of economists, their models, and many pundits to foresee what was coming is worth highlighting. Of course, the biggest malfunction in the story was that of…
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