Closing the Gold Window Opened the Door to Modern Monetary Theory (MMT)
In the years since the end of the gold standard, there’s been a significant lack of discipline in government spending. Today, the federal debt is closing in on an astronomical $28 trillion, which is more than 130% of the size of the U.S. economy.
Yellen Opens Debate on Giant Spending, Saying the ‘World Has Changed’
Janet Yellen invoked an enduring era of low interest rates in delivering the Biden administration’s opening argument to lawmakers for its $1.9 trillion Covid-19 relief proposal.
Trump Leaves Town an Outcast, Trailed by Pandemic, Job Losses
Donald Trump departs Washington on Wednesday with Americans more politically divided and more likely to be out of work than when he arrived, while awaiting trial for his second impeachment -- an ignominious end to one of the most turbulent presidencies in American history.
Yellen Runs Into GOP Resistance to ‘Act Big’ Call for Stimulus
Janet Yellen encountered early Republican resistance to President-elect Joe Biden’s $1.9 trillion Covid-19 relief plan in her confirmation hearing to become Treasury secretary Tuesday, as she sought backing for what she described as vital support for the economy.
Biden’s $2 Trillion Stimulus Plan – Implications For The Economy
This enormous stimulus plan will have numerous effects on the economy, including the likely loss of millions of jobs, which the media doesn’t report, so that’s what we’ll talk about today.
Signal and Bitcoin: Twenty-First Century Tools of Personal and Economic Freedom
Founding Father Benjamin Franklin said it best: “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” In this light, what are we to make of Trump’s social media suspension?
Winter Quarterly Commentary
The forceful rise of the markets from March depths continued in the fourth quarter. After stalling out in early Fall, market participants floored the accelerator in November with vaccine approval in tow and the election overhang in the rearview.