Yeah, I mean who wants lower prices and a higher standard of living anyway right? Screw that. We want higher prices and less for each dollar we earn. That’s much better.
People seem confused by this rally. Really a rally on top of a Fed induced (to a very large extent) bull market extending back many years. How can this be, some wonder? Trump is bad news. How could the market tick up, solidly and definitively, in the wake of Trump’s election?
My feeling, and it is only this, and it is sure to contradicted by many a CNBC Squawk Box special guest, is that investors are just relieved that Obama is gone and that America dodged the Hillary bullet.
Of course they don’t use the word “cronyism” or the term “crony capitalism.” But that’s what the $5 billion in additional spending is all about – cronyism.
Included in the deal struck with Trump is increased taxpayer funding for Planned Parenthood (How such a thing could be funded by taxpayers at all is beyond me, but with a GOP Senate, House, and Presidency?) and a semi-bailout for profligate and utterly dysfunctional Puerto Rico. This is for starters.
I wrote this 6 years ago for The Liberty and Economics Review. My first website of any consequence. I thought our readers might enjoy reading it.
At the time we were just barely considering climbing out of the depths of the Great Recession and we were seeing a solid (though brief) bit of price inflation. This price inflation was hammered later however by the massive move down in oil prices as OPEC and the US frackers went toe to toe and drove the price of fuel down.
Don’t worry. It’s for a good cause.
We need to End the Fed not audit it. But I’ll take an audit as a first step. If audited the real question is the length to which the Fed will go to obfuscate. My bet is pretty far.
The Fed is the Prime Mover of crony capitalism.
When life gets expensive people stop going to Outback. I think Confucius said that.
Add the political pressure to raise minimum wages and things don’t look so good for restaurants right now.
The CFPB is/was housed within the Federal Reserve. The funding for the CFPB comes/came from the Federal Reserve. That’s a problem as Congress is the entity which is to allocate money for such programs.