Has the State Department become a place of bribery, corruption and cronyism? It seems so. The Daily Caller has a new report out that suggests about $9 million of State Department funds were funneled through the Peace Corps to a non-profit organization that is run by Dr. Vanessa Kerry, Secretary of State John Kerry’s daughter. […]
Archives for September 2016
Donald Trump is right – Federal Reserve is a political tool to help the White House
Donald Trump believes the Federal Reserve is beholden to political interests and this is the reason why the United States central bank is keeping interest rates so low for so long. Speaking in an interview with CNBC on Monday, the Republican nominee accused Fed Chair Janet Yellen of doing what President Obama wants. He explained […]
Fiction, Fairy Tales, and Fiat
By Guy Christopher Do young Americans today know anything about economics? No, they don’t, according to a study during the 2016 presidential primary season, which says lots of other Americans don’t either. The survey found 58% of millennials favor government-run socialism (statistically 6 out of 10), while a nearly identical number (64%) don’t want government […]
It’s 2007 all over again! U.S. consumers ‘flirting with financial disaster’ over credit card debit
It’s 2007 all over again when it comes to our love affair with plastic. After a few years of paying off credit card debt and helping the nation’s total stay under the $1 trillion mark, we’re back to approaching that enormous threshold. By the end of the year, total United States credit card debt will […]
Central Banks May Choose Helicopter Money Over Negative Rates
By: Thorsten Polleit The US Federal Reserve (Fed) is considering raising rates. Is the “normalization” of interest rates about to happen which savers and investors have been yearning for? Most likely not. Policymakers are merely realizing that the policy of zero rates — or even negative rates as in the euro area or Switzerland — doesn’t work […]