What Project 2025 says about the Fed
Surprisingly, Project 2025 blames the Fed for exacerbating the cycle of booms and busts, inflating away the value of the dollar, enabling exorbitant deficit spending.
Student loans are the ‘fudge factor’ that allows institutional profiteering
The student loan program not only is saddling young people with huge debts, but it also encourages colleges and universities to charge higher tuition. When President Obama nationalized the program, it was supposed to end students indebtedness, not increase it.
The problem with ‘work or starve’
Critics of capitalism claim that private enterprise gives workers the unhappy choice of either working difficult, low-paying jobs or outright starving. The claim is false and the history of capitalism tells a different story.
Time to reject ‘social justice’ and replace it with real justice
Social justice is a nonsensical term that interferes with the attempts to find authentic justice. It is not about equality so much as it is about imposing outcomes incompatible with a free society.
A ‘smart city’ is a city plagued by high taxes and central planning
When municipalities embrace new technologies, people often refer to them as “smart cities.” However, all too often these technological “revenue enhancers” are nothing more than shakedowns of local citizens.
Wall Street’s latest poison: Leveraged EFTs
Just as Wall Street created products to participate in the housing boom (subprime mortgages, mortgage backed securities, credit derivatives), the industry now has triple leveraged ETFs to satisfy the public’s gambling appetite.
Are smart cities just another way to nickel-and-dime us?
When municipalities embrace new technologies, people often refer to them as “smart cities.” However, all too often these technological “revenue enhancers” are nothing more than shakedowns of local citizens.
Wall Street’s latest poison: Leveraged ETFs
Just as Wall Street created products to participate in the housing boom (subprime mortgages, mortgage backed securities, credit derivatives), the industry now has triple leveraged ETFs to satisfy the public’s gambling appetite.
Biden’s parting deluge of deceit deserves damning
The president's latest episode of "transparency" was the same deceitful behavior that has characterized his administration for the past four years. This time, it is employing deceit to "save democracy."
Have we been living in an MMT world since 2008?
What we may call the “spending illusion” is perhaps the gravest error in the history of economic thought and has been deeply embedded in economics since the early twentieth century.
United in economic stagnation and false fears
In the wake of the Labor Party's huge win in Great Britain, one is reminded that Labor and Conservatives are far more united in their economic and policy viewpoints than they pretend to be.
Kamala Harris is awful
Kamala Harris represents not merely a continuation of the Obama-Clinton-Biden doctrine of progressive interventionism at home and abroad but an acceleration.