The Bank of Canada (BOC) is scared senseless into raising interest rates again, especially with an election right around the corner. The central bank, which has sounded the alarm about rising household debt levels and a sluggish economy, decided to leave rates alone at 1.75%. The Canadian dollar fell 0.35% against the United States dollar […]
Archives for May 2019
WATCH: Mike Pence tells West Point graduates it’s a ‘certainty that you will fight on a battlefield’
Here is another reason why President Donald Trump’s pick to be vice president was a mistake. Speaking to the 2019 West Point graduating class, Vice President Mike Pence told the graduates that “it is a virtual certainty you will fight on a battlefield.” He listed Afghanistan and Iraq has potential countries these graduates could wage […]
The Neo-Marxist Roots of Modern Monetary Theory
By: Antony Mueller The influence of the economics of Michal Kalecki on Modern Monetary Theory (MMT) is hard to ignore. With its roots in the Neo-Marxist macroeconomic theory of Michal Kalecki, MMT carries with it the heritage of the labor theory of value and the Marxist state and class analysis. As a Marxist, Kalecki views […]
WATCH: House Democrats read Mueller report
It was Mueller Time for the House Democrats again. This time, they took to the House to read the Robert Mueller report on the 2016 election that found no collusion between President Donald Trump and Russia. What’s funny about this are two things: First, they claim that Attorney General William Barr was engaging in a […]
Worried about the trade deficit? Look at the U.S. savings rate
Everyone on the right is suddenly worried about trade deficits. Everyone on the left is suddenly worried about tariffs. It is amazing how Freaky Friday politics are on display. But if you’re truly concerned about trade deficits, and the inevitable response to tariffs on countries the United States maintains a deficit with, then why not […]