After it was revealed that Dallas Fed Bank President Robert Kaplan and Boston Fed Bank President Eric Rosengren executed multi-million-dollar stock purchases, the U.S. central bank will now order sweeping ethics reviews. Federal Reserve Chair Jerome Powell initiated an assessment of ethics rules governing financial holdings and dealings by senior members of the Eccles Building. […]
Archives for September 2021
WATCH: Joe Biden flip flops on vaccine mandates
It has only been a few months since arriving to the Oval Office, but President Joe Biden and his administration have flip flopped on a number of issues. This could be record time, much like when former President Barack Obama promised to shut down Guantanamo Bay on his first day and never did. Here is […]
MMT: Glorious Government
By: Per Bylund The new kid on the economics block is something called modern monetary theory. The name is new, but the “theory” is not. Proponents adamantly claim that it is both new and a theory of economics. To make it appear this way, they dress the ideas in unusual-sounding jargon and use rhetorical tricks. For example, instead of presenting […]
Ray Dalio: Government ‘will kill’ bitcoin if cryptocurrencies are successful
Are regulators coming for bitcoin and other cryptocurrencies? Ray Dalio, founder of the hedge fund Bridgewater Associates, thinks that the government take control of bitcoin if the virtual token generates mainstream success. “I think at the end of the day if it’s really successful, they will kill it and they will try to kill it. […]
Everything is more expensive as inflation remains near decade high in August
The consumer price index (CPI) matched the market forecast in August, coming in at 5.3 percent year-over-year. Close to everything was more expensive compared to a year ago, according to the Bureau of Labor Statistics: Gasoline: +42.7% Used Cars: +31.9% Gas Utilities: +21% New Cars: +7.6% Overall CPI: +5.3% Electricity: +5.2% Food away from home: […]