US News The NBA says players who are unable to play because of vaccination mandates will not be paid. [Link] The House NDAA includes a provision that extends the draft to women. [Link] Two Democratic Senators tell Biden to end drone strikes outside of war zones....
America’s central bankers are tasked with impartial oversight over aspects of the American economy. But could these individuals be making decisions on interest rates and bailout operations based on what is best for their own personal investment portfolios? After...
In late August, Fed chairman Jerome Powell suggested that the Federal Reserve would begin tapering before the end of the year, an admission that price inflation was rising above the 2 percent target. Nonetheless, the Fed took no immediate action in the following...
Fifty years ago, on August 15, 1971, President Richard Nixon announced that the U.S. government would cease honoring its pledge to pay gold to redeem the dollars held by foreign central banks. Nixon declared he was taking “action necessary to defend the dollar against...
https://youtu.be/Esa0N156csY ... the privileged beneficiaries of inflation and depreciation are, largely, the central banks themselves and their stockholders, as well as merchants who borrow from these banks, and exporters who benefit by the depreciation of foreign...
US News TurboTax and H&R Block are leaving the IRS Free File Alliance. The program required companies to allow some Americans to file taxes for free and in exchange, the IRS has not created an online portal to file taxes. TurboTax has routinely exploited the...
Oddly enough, the one question that finally brought me to anarchy was: “where does money come from?” It was perplexing to me that the answer to such a simple question could be so simple, yet so complex—and, moreover, absurd. So? Where does money come from? I found...
Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate? Start by spending a lot of money that the government does not have, borrow the...
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