Consumer spending stagnates and inflation strengthens. This is life in the United States economy? According to the Bureau of Economic Analysis (BEA), personal spending was flat at zero percent in May, falling short of the market forecast of 0.4 percent. This is down from the 0.9 percent gain in April. It is clear that consumers […]
Archives for June 2021
WATCH: An inside look at America’s coming Baby Bonds program
Is a new baby boom coming to America? The U.S. government is about to embark upon a new entitlement program called Baby Bonds. The objective of the program is to get every child a $1,000 savings account, in addition to the child benefit under President Joe Biden’s $1.9 trillion spending scheme. How will this work […]
The bitcoin boom or bust? Investors fearful of a crypto winter
By: Andrew Moran It might be summer in the city, but Old Man Winter may have come to the cryptocurrency industry a little prematurely. It was a wild June 22 trading session for bitcoin and its crypto brethren as prices cratered to multi-month lows. Market analysts fear that thrills and chills have infected digital currencies, triggered by […]
Joe Biden to America: You’ll need F-15s, nuclear weapons to defeat the government
President Joe Biden has a message for the American people. For any gun-owning individual who thinks he or she can take on the U.S. government in the face of tyranny, think again. Why? You’ll need “F-15s and maybe some nuclear weapons” to defeat the government. “The Second Amendment from the day it was passed, limited […]
Sound Money vs. Fiat Money: The Effects on the Boom-Bust Cycle
By: Frank Shostak According to the Austrian business cycle theory (ABCT), the boom-bust cycle emerges in response to a deviation in the market interest rate from the natural interest rate, or the equilibrium interest rate. It is held that the major cause for this deviation is increases in the money supply. Based on this it would […]