News Story of the Day: will there be only one interest rate hike until 2009? That’s what St. Louis Federal Reserve President James Bullard is advocating this week after Fed Chair Janet Yellen and the Federal Open Market Committee (FOMC) left rates unchanged. With the United States economy trapped inside sluggish growth, interest rates need […]
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Report: White House failed to report $61.2 billion in federal regulations
It’s no secret that the Obama administration loves regulations (SEE: Report: Obama administration installs ‘new regulation every two hours and 24 minutes’), even if they cost the United States economy about $2 trillion in 2015. But a new report found that the White House didn’t even report new regulations that are worth billions of dollars. […]
China dumps $126 billion worth of U.S. stocks from July 2015 to March 2016
Since 2014, the People’s Bank of China (PBOC) has dumped approximately $250 billion of United States government debt. The purpose of the sale was to fund its stimulus projects, prop up the yuan and ease capital outflows. This irked many officials and investors in the U.S., partly laying the blame of the nation’s economic mess […]
Hillary Clinton or Donald Trump – U.S. foreign policy will stay the same
We’ve all known that former New York Democratic Senator and former Secretary of State Hillary Clinton is a warmonger, a statist, an interventionist. She is like the rest of her post-World War II predecessors – Lyndon Baines Johnson, Richard Nixon, George W. Bush, Barack Obama – a lover of war. But what about billionaire real […]
Central Bankers Are Wrong About Inflation, Deflation
By: Frank Shostak The majority of economists view deflation as a general decline in prices of goods and services. This is viewed as a major threat to the public’s well-being for deflation is seen as a major factor that plunges the economy into an economic depression. Most of them are of the view that central […]