It is official: President Donald Trump is flying two doves over the Federal Reserve. The president announced on Twitter that he is nominating Christopher Waller, an executive vice president at the Federal Reserve Bank of St. Louis, and Judy Shelton, the U.S. director of the European Bank for Reconstruction and Development, to the Fed Board […]
Archives for July 2019
Christine Lagarde picked to succeed Mario Draghi as ECB president
It looks like former International Monetary Fund (IMF) head Christine Lagarde is going to be leading the European Central Bank (ECB) to even more money printing, low interest rates, and economic anemia. In other words, Lagarde will likely not only continue the aggressive monetary stimulus, but she will also expand it. European leaders reportedly agreed […]
WATCH: Joe Biden stumbles his way through Democratic debate
The consensus was that former Vice President Joe Biden did an admirable job in the debate, but he was nowhere near as strong as Senator Kamala Harris (D-CA). She took an ax to his head, chopped it off, and placed it on a spike for the progressives to cheer. Oftentimes, Biden seemed like he just […]
BREAKING: What we know about Russia, Mike Pence, and the end of the world
If you have been perusing Facebook, scanning your Twitter feed, or paying attention to some headlines, something interesting is going on right now. Here is what has happened in the last few hours: Vice President Mike Pence canceled a New Hampshire event about the drug crisis. The initial report was that his plane turned around […]
Should Andrew Yang fear inflation over automation?
By: Per Bylund It is not automation that scares people, it is inflation. Might sound odd, but what I mean is that the promise of a fully (or at least a more extensively) automated future seems like a threat because modern currencies are fundamentally inflationary. When we work and save, the purchasing power of our […]