How the Federal Reserve Backstops Federal Government Borrowing and Spending
As I’m sure you know, Uncle Sam borrows billions of dollars every month. But I bet you don’t know who is lending the federal government all of this money. I’ll tell you upfront – the situation is less than ideal. Month after month, the federal...
Another Month Another Massive Federal Budget Deficit
After running the biggest December budget deficit in history, the U.S. government followed up with another massive budget shortfall in January. Borrowing and spending at record rates is a legacy President Donald Trump left to Joe Biden, and the new administration will...
Feds Have No Constitutional Authority to Impose Wage Controls
Talk of hiking the minimum wage at the national level has ramped up in recent weeks. With the Democrats controlling the House and the Senate, and Joe Biden in the White House, it seems increasingly likely that we’ll soon see a federal $15 per hour minimum. In other...