Maybe there is something to the idea of a national memory, the experiences of a people or a country that affect its outlook for a generation or more. Certainly, the Great Depression had a lasting impact on its own generation, and perhaps own their offspring who heard about the travails of those years so many […]
There is a lot of backslapping going on in the White House and on at least one side of the aisles in the House and Senate with the passing of President Biden’s $1.9 trillion “stimulus” bill. There was more than backslapping on one of the cable news channel’s coverage of the bill’s passage. They added […]
The Labor Department reported Wednesday (2/10) that in the 12 months through January the Consumer Price Index rose 1.4 percent. For the month of January, the CPI was up 0.3 percent. The mainstream media, whose personnel do not really know much about these things, chose to report this as news that inflation was “benign.” We […]
The Federal Reserve has held its 2020 year-end meeting, promising to keep on doing what it has been doing. Which reminds us of the old saying that if you keep doing what you have been doing, you are going to keep getting what you have been getting. In this case, the Fed intends to keep […]
What is our government’s solution to the disaster they created? Well, more money from the Federal Reserve, printed out of nowhere and backed by nothing. You can’t keep printing trillions of dollars without getting serious inflation. There’s no getting around it. Inflation may crush you, but it will make the people making the decisions richer. […]
Meanwhile, Interest Rates are the Lowest in History The debt splurge continues. Reuters reports that global debt is expected to reach $277 trillion by the end of this year. That’s up from $257 trillion last year, with government debt accounting for more than half of the increase so far in 2020. Citing a new report […]