President Donald Trump has not been coy about his financial situation. During the 2016 election, Trump was candid about paying as little tax as possible. He has also been an open book about being the king of debt. Heck, his entire business model was his Trump brand. And yet, we are supposed to be shocked […]
Money
Is it time to outlaw billionaires to appease Bernie Bros?
By: Bradley Thomas A mantra popularized by Bernie Sanders and like-minded progressives declares “billionaires should not exist.” The statement serves as both a declaration of the “immorality” of wealth inequality as well as a justification for steep confiscatory taxes on wealth favored by the likes of Sanders and Elizabeth Warren. While on the campaign trail last year, Sanders […]
Citi: Gold still forecast to hit record high before year’s end amid political risks
Gold prices have been in correction mode this month, sliding below $1,900. Silver has also been crashing this month, falling below $24. Does this mean the bull run is over? Not by a long shot, says Citigroup. The financial institution released its latest quarterly commodities outlook, and it believes the yellow metal will climb more […]
CBO warns U.S. debt to double over next 30 years
The United States government has taken on an astronomical level of debt since the coronavirus pandemic shut down the world’s largest economy. With former Vice President Joe Biden looking like he will win in November, you can be prepared for even greater spending efforts and budget deficits. But how bad is it expected to get […]
Inflation & Shortages: The coming post-coronavirus food crisis
By: Andrew Moran While central banks are busy depreciating money, governments have spent the last several months debasing the most important currency in modern economics: tradeoffs. Since the Coronavirus pandemic forced folks to seek shelter in their basement à la Joe Biden, policymakers around the world have collectively decided that COVID-19 takes precedence over everything else, even if […]