Bitcoin is dominating the business news cycle once again. After making record gains like it did a few years ago, the media have renewed its interest in the peer-to-peer digital currency. Businesses are still looking to accept bitcoin, while a bitcoin ETF could make its way to the stock market. A couple of years ago, […]
Archives for February 2017
David Stockman warns of debt ceiling ‘fiscal bloodbath’ on March 15
March 15 will be an interesting time in United States politics. No, it won’t be to commemorate the assassination of Roman Emperor Julius Caesar by high ranking Roman Senators. It will be to debate the debt ceiling once again. During the Bush years, it was a contentious issue. Democrats fought against raising it, citing concerns […]
Trump budget won’t include cuts to Social Security despite $11.4 trillion shortfall
Here is another promise being kept by United States President Donald Trump, one that would certainly make a conservative or libertarian shake their head: keeping social welfare programs as they are. Speaking in an interview with the Fox Business Network (via Reuters), U.S. Treasury Secretary Steven Mnuchin confirmed that the president will not be making […]
Uh oh: Donald Trump wants to increase military spending
If there is one area of the United States government that is bloated but usually viewed as something politicians can’t touch it is the Pentagon (SEE: Do We Need to ‘Rebuild the Military’?). According to a wide array of reports, the Trump administration will introduce a budget that will increase military spending, days after the […]
When Government Acts, Unintended Consequences Follow
By: Jp Cortez In 1850, French economist Frédéric Bastiat published an essay that is misunderstood, or more often, unread, titled, “That Which is Seen, and That Which is Not Seen.” Bastiat brilliantly illustrated, through the parable of the broken window, the destructive effects of unintended consequences that result from government intervention in the economy. Unfortunately, because […]