Well they didn’t say that exactly but everyone understands that a rate rise from the Fed might send stocks tumbling along with Democratic chances of taking the White House.
It’s interesting that the Fed folks met with these protesters as they seem quite uninterested in meeting with people who actually protest the insanity of the central planning organization (and who know what it does). The Fed critics far outnumber activists simply concerned with higher interest rates.
Yet another example of the state getting involved in medicine and the state making it possible for protected monopolies to cash in. It’s not the market that pushed up prices on epipens. It’s the lack of market forces.
For all the cronyism we have in the United States, and we have plenty and it is growing, Brazil is far beyond us. It is truly a crony capitalist state through and through. It has probably always been but the country’s recent socialist leaders haven’t helped things.
Where I live Dominion Power is trying to use eminent domain to force through a pipeline from West Virginia to the Atlantic. Thanks to lower gas prices and a concerted effort from relatively well off land owners the pipeline, for the moment, has been held at bay. Things are a little more advanced out in Sioux country apparently. We are shocked that the Army Corps of Engineers, you know the federal government that has been so good to Native Americans over the years,
Looks like the editorial staff at The Washington Post is concerned about losing their gardeners. Nice of them to be concerned.
We had a friend over recently and conversation quickly turned to our Idiocracy-like state of affairs.
(From The Anti Media)
Judge, the creative mind behind Beavis and Butthead, Office Space, and HBO’s Silicon Valley, told the Daily Beast “it’s a tad bit scary” how closely the film and real world now parallel each other.
“Three or four years ago,
If there is one thing that is ubiquitous in socialist countries it is lines. Lines for food. Lines for health care. Lines for transportation. Lots of lines. But the Maduro government in Venezuela, embarrassed by all the photos and videos of people queuing up to fill their stomachs has figured out a solution.
Just ban lines.
If you think that isn’t going to have tremendous ramifications down the road you’re nuts. Heck, we’ve got plenty of ramifications right now.
This is encouraging to see from Prime Minister May. She might just halt a massive crony energy deal previously supported by both the Conservatives and Labour. Not to mention the governments of China and France.
The project was to be subsidized by Britain’s taxpayers.
Some real truth embedded in this meme.
This seems fair.
Innovators subsidizing the market laggards is not a recipe for progress.
As we said in a recent video, there are many reasons why much of urban America is an economic wasteland. We site 2 main reasons however, big government, and cronyism.
Cities are often not very good places to do business. They are typically high tax high regulation zones. Cities often look at businesses as little more than revenue streams. And what can’t be extracted from business via taxes can be regulated out of businesses with laws.
Good question. And one that bears directly on the kind of employment depression we are continuing to experience today.
The article below, a review of a new book by Charles Rappleye, is titled “In Defense of Herbert Hoover.” The reviewer, David Bahr, is right that historians have mostly made a muddle of the start of the Great Depression and the Hoover presidency. But he is wrong that Hoover deserves rehabilitation.
The standard story,