Indeed we do. With the Fed coming out and saying (essentially) that it has abandoned the 6.5% unemployment target for raising rates, it is high time we start using a real number. As we said last week, the unemployment rate as currently calculated is little more than a propaganda tool at this point, and not even a good one.
As we have said before we believe that the libertarian movement is the most important movement in American politics right now, perhaps for more than a generation. It is also arguably the most important movement in world politics.
Attached is an extremely well done article which lays out why it is that today’s political establishment, especially the “progressives” are so afraid of libertarianism.
The hard money people are pretty split on cryptocurrencies. I think both the proponents and the skeptics have great cases.
This is nice to see. Whether there should be any checkpoint at all is another question. The surveillance state, composed of police, the feds, private contractors of all sorts, and who knows who else is far too large. It threatens the fundamental nature of this country.
People are waking up to Bitcoin and other alternative currencies. Mainstream economists are acknowledging the importance of the trend. As are politicians. We are past the “ignoring stage.” Bitcoin is here. It’s important.
Bitcoin and similar currencies could fundamentally change the world economic landscape. Given that the current landscape is defined by the US dollar this of some importance.
Looks like had Reid not changed the 200 year old Senate rules late last year Ms. Yellen might not have been confirmed. It appears that at least 40 Senators would have voted against her confirmation, but since there is no filibuster in this situation, 50% of the Senate can confirm the new Fed Chair as opposed to the 60% of past years.
Come senators, congressmen
Please heed the call
Don’t stand in the doorway
Don’t block up the hall
For he that gets hurt
Will be he who has stalled
There’s a battle outside
And it is ragin’
It’ll soon shake your windows
And rattle your walls
For the times they are a-changin’.
-Bob Dylan (Times are changing again)
The lobbyists long for the good old days on the mid-2000s. Back when there was no Tea Party, people thought “compassionate conservatism” meant something, when Medicare Part D could be championed by a supposedly conservative president, when a Republican Vice President could say that “deficits don’t matter.” Good times.