By: Robert Murphy Both fans and foes of the so-called Green New Deal (GND) agree that it is a wildly ambitious set of proposals, which—by design—will involve the federal government spending boatloads of money. In fact, the GND is so expensive that Rep. Ocasio-Cortez has cited the inflationary doctrine of Modern Monetary Theory (MMT) to deflect the issue; we […]
Archives for March 2019
The Economist says Ben Shapiro is ‘alt-right,’ then revises it to ‘radical conservative’
The Economist had been a dependable publication for years, serving as a neutral magazine with tremendous business, financial, and economic insight. This changed a few years ago, leaning more towards the left when it came to dissecting policy and reporting the news. It has gotten so bad that the magazine now thinks anyone right of […]
RETIREMENT CRISIS: Half of older Americans have nothing saved for retirement
With fake news dominating media coverage, there is some real news occurring that doesn’t get much attention: the retirement crisis. A new study has found that nearly half of older Americans have nothing put away for their winter years, a frightening prospect for millions. According to the Government Accountability Office (GAO), 48 percent of those […]
IG audit finds government issued $40 million in Social Security payments to dead people
The government sees dead people … all the time. According to the Office of the Inspector General (IG) at the Social Security Administration (SSA), the millions of dollars in Social Security payments went to dead people in Maryland and Michigan. The March 2019 internal audit discovered that the SSA paid out more than $40 million […]
U.S. trade deficit slumps 15% in January, gap still higher under Trump
Anyone who understands basic economics understands that these latest numbers are meaningless. But for President Donald Trump, it’s another win in the month of March. According to the Bureau of Economic Analysis (BEA), the United States trade deficit tumbled 15 percent in January to $51.1 billion. This was driven by cheaper crude oil, rising soybean […]