Trump Proves Not All Inequalities Are Equal
Inequality won the electoral vote for Donald Trump in 2016. Four writers in the Nation admitted as much the day after the election. “Inequality created the presidency of Donald Trump,” they wrote. But...
View ArticleFed Intervention Shows Deficits Do Matter
The New York Federal Reserve injected more than $300 billion in loans into the repurchase agreements (repo) market last week. That same week, the Congressional Budget Office announced a year-over-year...
View ArticleThe Ignored Cause of the Ignored Crisis in the Repo Market
When does the medicine become the disease? Four months after the Federal Reserve intervened in the repurchase agreements (repo) market for the first time since the Great Recession, this strikes as a...
View ArticleThe Taxman Cometh — And Leaveth Empty-Handed
The First World War’s Christmas Truce witnessing impromptu soccer matches between the combatants and mutual caroling among Germans and Frenchmen proves that adults trying to kill one another one minute...
View ArticleThe Two Words Unsaid in the State of the Union
President Trump spoke nearly 6,000 words in his State of the Union address on Tuesday. These included “Space Force,” “Advancing Support for Working Families Act,” and “Artemis program.” The terms...
View ArticleThe Path to Ruin Being Blazed by Congress, the President, and the Fed
Federal Reserve Chairman Jerome Powell cited a record 11-year expansion, an economy “resilient to the global headwinds,” “near half-century lows for more than a year” regarding unemployment, and how...
View ArticlePan(dem)ic?
Financial markets endured a bout of coronavirus or suffered a third-degree Bern this week, depending upon the diagnosing doctor. The Dow Jones Industrial Average lost 879 points on Tuesday after...
View ArticleCoronavirus Pushing Fed to Less Than Zero?
Coronavirus recalls scares over SARS and bird flu. More so does its response evoke the Animal House parade scene, Caddyshack pool scene, and Jaws beach scene meshed with War of the Worlds and The...
View ArticleBe Very Afraid of People Very Afraid
The Council on Foreign Relations canceled its “Doing Business Under Coronavirus” conference scheduled to begin in New York this Friday because of — what else? — coronavirus. Doctors have diagnosed, in...
View ArticleCan They Nurse the Economy Back to Health, Too?
President Donald Trump pushes a stimulus package, which includes a moratorium on Social Security and Medicare payroll taxes as well as rebate checks of between $600 and $1,200 sent to Americans,...
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