The mantra of the Federal Reserve for the last decade, or pretty much throughout its entire existence, has been: to hell with savers! Since the United States economy thrives on spending and debt, not saving and investing, the U.S. central bank hasn’t been apprehensive about slashing interest rates, leaving retirees and savers in the dark. […]
Archives for February 2018
FREE MONEY: Half of Americans support universal basic income
More Americans than ever before now think they should be given money just for being alive. Many politicians have floated around the idea, and even initiated pilot projects, of implementing a universal basic income. With more support, our esteemed representatives will likely spring into action, demanding that it is everyone’s right to get something for […]
WATCH: Ben Bernanke, Janet Yellen talk ‘irrational exuberance’, inflation
On Tuesday, former Federal Reserve Chairs Ben Bernanke and Janet Yellen sat down for a 90-minute interview at the Brookings Institution. It was a dull affair. They talked about her transition from academia to the Fed, her thoughts that Alan Greenspan’s “irrational exuberance” speech would only put people to sleep, and that perhaps it is […]
STOSSCARS: John Stossel selects the best, worst political performances of the year
The 90th Academy Awards will take place on Sunday, and you can expect a night filled with Trump jokes, Trump jabs, Trump jeers. You know, the same thing we have witnessed day in and day out for the last two years. But legendary media personality John Stossel has a better show to enjoy: The Stosscars. […]
Rent will climb higher amid Donald Trump tariffs, Fannie funding
By: Doug French Secretary of Commerce Wilbur Ross is recommending “a 24 percent tariff on all steel imports from all countries,” the NY Times reports. Ana Swanson writes that the tariffs, “are aimed at saving American steel and aluminum producers, who have struggled to compete with a flood of cheap metals from abroad, particularly from China.” Ironically, […]