There’s a sense that the bureaucrats who command the federal leviathan work for themselves, not for the country at large. That wasn’t true of Paul Volcker.
The popular narrative goes that because President Trump launched a trade war against China, China has retaliated by tariffing agriculture products from red states that voted for Trump. False.
Blame slow economic growth, abysmal wage growth, low inflation, inequality, and the next economic crisis on the Federal Reserve.
Some of the inevitable bills for lawmakers’ refusal to pay for their spending will show up much sooner than expected.
An expansive new study on the Federal Reserve’s quantitative easing (QE) program found that QE’s ultra-low interest rates have enriched banks and central governments at the expense of households and pensioners.
The Federal Reserve announced yesterday that it would not, contrary to previous indications and the expectations of the entire financial Read Full Article >
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