Economic globalization is good. Political globalization is bad. Treasury Secretary Janet Yellen’s latest proposal shows why globalism is horrific for freedom and the free market. Speaking to the Chicago Council on Global Affairs, Yellen revealed that she will be pushing for a global minimum tax rate to end a “30-year race to the bottom on […]
Money
Bubble or Innovation? A look at the newest craze: non-fungible tokens (NFTs)
By: Andrew Moran In 2016, a couple of teenagers, unimpressed by some of the displays at the San Francisco Museum of Modern Art, left a pair of glasses on the floor, stood back, and watched visitors admire the dubious installation. Art is subjective and subjective value, indeed. This reasoning has led to some of the […]
Janet Yellen confirms Biden administration considering 28% corporate tax rate
Two months into the new administration and the American people are getting a look at what Bidenomics is all about. It is not too different from his predecessors as it consists of taxing and spending. In addition to the $1.9 trillion coronavirus stimulus and relief package, President Joe Biden is set to announce a two-phase […]
Are we in the shoeshine boy phase of the stock market bubble?
By: Andrew Moran Knowing when to take the money and run in the stock market has perplexed institutional and armchair investors for years. It is a conundrum for too many people. If you sell too early, you risk losing out on more gains. If you sell too late, you place your profits in danger. One investment legend […]
U.S. average gasoline prices surge to $2.79
Have you noticed gasoline prices are climbing. According to GasBuddy, the national average price of gas has risen for the ninth consecutive week, adding five cents per gallon to $2.79. This is way up from last year’s low of $1.75. You can expect to pay more in certain states and less in others. The states […]