It was inevitable that the statists would declare war on bitcoin. After China fired the first major shot against cryptocurrency, it was about time the U.S. government mirrored the behavior. Now it looks like big government acolytes have a new excuse to crack down on the cryptocurrency: climate change. Sen. Elizabeth Warren (D-MA) believes that […]
Money
Janet Yellen’s flip-flops on inflation in Joe Biden’s America
By: Andrew Moran See no inflation. Hear no inflation. Speak no inflation. Ever since creating one-quarter of all U.S. dollars ever printed in a year, the monetarists had been confident that inflation would not rear its ugly head and that everything was manageable under the thumb of the smartest men and women in the Eccles […]
HOT: U.S. inflation surges to 5% in May, highest rate since September 2008
There is no inflation if you don’t eat food, live under a roof, or consume energy. In May, the annual U.S. inflation rate hit five percent, higher than the market forecast of 4.7 percent. This is the highest reading since September 2008. Core inflation, which removes volatile energy and food, hit 3.8 percent, higher than […]
Janet Yellen: Surging U.S. inflation is a positive for economy
It has been quite the timeline for the Washington power players. Inflation is not here. If inflation is here, it will be small. If inflation comes, it will be “transitory.” If inflation is here, that is a great thing for the country! Treasury Secretary Janet Yellen suggested that higher inflation, which would be counteracted by […]
DERPONOMICS: Paul Krugman bashes bitcoin AND gold
By: Andrew Moran For a Nobel laureate, economist Paul Krugman possesses a poor track record. In 1998, Krugman predicted the internet would have as much of an impact on society as the fax machine. A few years later, he urged the Federal Reserve to inflate a housing bubble to replace the dot-com calamity. Then later, in the […]