By: Andrew Moran President Ronald Reagan once quipped that the most dangerous words in the English language are “Hi, I’m from the government, and I’m here to help.” It’s a joke that provides tremendous insight into the minimum wage subject, suggesting that good intentions do not translate well into effective public policy. No matter how […]
Archives for May 2019
U.S. household debt $1 trillion higher than at peak of financial crisis
Here are two frightening statistics when it comes to state of Americans’ finances: household debts are surging and delinquency rates are soaring. According to the Federal Reserve Bank of New York (FRBNY)’s quarterly report on household debt and credit, total household debt surged to $13.67 trillion, which is $1 trillion higher than at the peak […]
Canadian insolvencies surges 6% in Q1 2019
Although the Bank of Canada (BOC) seems to have hit the pause button on raising interest rates, they are still higher than they were a couple of years ago. As a result, consumers are getting hit in the wallet because they borrowed too much and spent more than they earn. So, when rates go even […]
COMRADE: Stacey Abrams warns of Russian takeover by 2030
The Russians are coming! The Russians are coming! According to failed Georgia gubernatorial candidate Stacey Abrams, who has not accepted the results of the election, the Russians will take over the United States unless the federal government addresses so-called voter suppression. Soon, the United States will speak only Russian, Vladimir Putin will be the country’s […]
Did NYT violate Donald Trump’s income tax privacy?
By: Ron Paul Last week the New York Times published some of President Trump’s 1980s and 1990s tax returns information. The information detailed President Trump’s financial difficulties during that time. While you would not know it from reading some media reports, this is old news. In fact, President Trump openly discussed his financial difficulties on […]