The United States may adopt the latest trend of ultra-long bonds as a way to tackle its massive debt problems. Treasury Secretary Steven Mnuchin reiterated to Bloomberg Television that the federal government is studying the “costs and benefits” of implementing a policy of ultra-long bonds. This would essentially kick the can down the road and […]
Archives for May 2017
Video: What the heck happened to Bill Nye?
Millions of millennials grew up watching Bill Nye The Science Guy. We all learned the basics of science from his television show, such as there are only two genders and CO2 is great for plants and trees. Unfortunately, the years have not been too kind to Good Old Bill. He thinks there is a gender […]
Federal Reserve Will Likely Chicken Out on Planned Rate Hikes
By: Thorsten Polleit The Austrian business cycle theory tells us that the injection of new money created through bank lending out of thin air causes an artificial boom; and that the slowdown of credit and money creation, let alone a decline in available loanable funds, turns the boom into bust. Recent bank lending data in […]
A look at the budget deficit as Trump cuts taxes
The Trump administration announced last week the “biggest tax cut” in United States history. Not everyone is optimistic about the tax reform initiative, but that’s because details of the plan remain limited. With that being said, if taxes are being slashed then that should be celebrated. As legendary free market economist Murray Rothbard said, the […]
Just 9.6% of global population lives in extreme poverty
If you believed any of the placards at various #MayDay2017 rallies, you would think that everyone is living on the brink of financial destitute and on the cusp of annihilation. Of course, this is ridiculous – these same protesters are eating their KFC meals and drinking their Starbucks lattes. Whenever somebody tells you that capitalism […]