News Story of the Day: Keynesian economist Paul Krugman doesn’t think the Federal Reserve should raise interest rates, adding that the United States central bank should increase its inflation target rate above two percent, he said in an interview with Bloomberg. What is interesting about the interview with the news outlet is that the interviewer […]
Archives for February 2017
Peter Schiff: ‘Inflation is headed up’ on both producer, consumer level
Rampant inflation in the United States is just around the corner, warns one financial guru. And you’re already beginning to see signs of this in many different areas of the economy as well as on a consumer and producer level. Speaking in an interview with CNBC, Peter Schiff, president and CEO of Euro Pacific Capital, […]
Cafe Hayek destroys Fox News analyst on robots
For the last century, robots have been gradually replacing human workers. Rather than working at the assembly line with wrenches in their hands (like a scene out of Charlie Chaplin’s “Modern Times”), humans are working with computers or applying their skills to other in-demand jobs. But with the acceleration and prevalence of automation and robots, […]
U.S. household debt at highest level since 2008: Federal Reserve study
Americans are continuing their love affair with debt, says a new study from the Federal Reserve. According to a new report from the United States central bank, household debt levels have surged to their highest levels since 2008 as households added $226 billion in debt in the fourth quarter of last year. The U.S. now […]
Ron Paul warns Donald Trump’s tax plan won’t work without spending cuts
United States President Donald Trump has said that he will announce a tax plan soon, one that will likely consist of tax cuts, though not for the rich. A tax cut is always welcomed, but what about spending cuts? That is what former Texas Republican Congressman and three-time presidential candidate Ron Paul is asking. It […]