The Federal Reserve announced at the end of its two-day monetary policy meeting on Wednesday that it will leave key interest rates unchanged. As expected by markets, the Federal Open Market Committee (FOMC) left rates unchanged in a range between 0.25 and 0.5 percent. But Fed Chair Janet Yellen has been hinting that a rate […]
Archives for July 2016
Donald Trump changes stance on the minimum wage AGAIN, wants at least $10
Donald Trump was against the minimum wage and then he was completely for it and now he’s somewhat in favor of it. That’s what he confirmed at a recent press conference and in an interview with Fox News. Speaking at a press conference in Florida on Wednesday, Trump accused socialist Bernie Sanders of lying when […]
LOL: Ron Paul talks to libertarians, ignores Gary Johnson
Former Texas Republican Congressman, three-time presidential candidate and the real “original libertarian” in U.S. politics Ron Paul spoke to libertarians at the Young Americans for Liberty conference this week. What makes this appearance even more interesting is that he refrained from mention Libertarian Party nominee Gary Johnson’s name even once. Here is what the Daily […]
Did Debt Exist Before Money? It Doesn’t Matter
By: Michael V. Szpindor Watson Did credit precede money? Maybe. Does it matter? Nope. One hundred years ago A. Mitchell Innes rejected the standard story on the origins of money, whereby money spontaneously emerged as barter became progressively costly with the increasing division of labor and greater abundance of goods on the market. Money was […]
U.S. public pensions to post historically low returns amid $1 trillion funding gap
A new report suggests that long-term returns for public pensions in the United States are projected to fall to historic lows. This comes as many states and cities come to grips with a $1 trillion funding gap, which continues to increase with each passing year. The Wall Street Journal is reporting, using data from Wilshire […]