By: Ron Paul Last week the Supreme Court heard oral arguments in the case of Masterpiece Cakeshop v. Colorado Civil Rights Commission. The case stems from the refusal of Masterpiece Cakeshop, a bakery, to bake a wedding cake for a same-sex couple. The bakery was found guilty of a civil rights violation and ordered to […]
Archives for December 2017
Paging Robert Murphy – Donald Trump wants to go to the Moon, Mars
On Monday, President Donald Trump announced that the United States will declare a space race, sending American astronauts to the Moon and Mars. Signing a new NASA directive, the president will order the space agency to focus its efforts on space exploration. This is yet another campaign promise that Trump has kept – he made […]
Will the U.S. have the longest economic expansion in history?
It has been about a decade since the United States economy endured the worst recession since the Great Depression. It was a real bloodbath out there. Thanks to the Federal Reserve, the U.S. economy is expanding, and blowing bubbles all over the place. Stock markets are hitting record highs, the housing market is returning to […]
LAND OF OZ: The Fed’s Fantasy on Neutral Interest Rates
By: Frank Shostak In her testimony to the Congress Economic Committee on November 29, 2017, the Fed Chair Janet Yellen said that the neutral rate appears to be quite low by historical standards. From this, she concluded that the federal funds rate would not have to increase much to reach a neutral stance. The neutral rate […]
FAKE NEWS: CNN botches another ‘exclusive’ Donald Trump story
A week after ABC News posted fake news about Candidate Trump ordering Michael Flynn to reach out to the Russians, CNN followed suit, reporting their own fake news. On Friday, CNN hyped an “exclusive” report that suggested collusion between the Trump campaign, WikiLeaks and the Russians. According to the Counterfeit News Network, Trump Jr. was […]