The Real Scandal of the Spending Bill
Last week Congress passed a massive coronavirus relief and omnibus spending bill. President Trump threatened to veto the bill, saying he wants an increase in the amount for “stimulus” checks authorized by the bill from 600 dollars to 2,000 dollars. The checks are...
Congress Again Proves that the Business of Washington is War
Libertarian educator Tom Woods famously quipped that “no matter who you vote for you end up with John McCain.” Unfortunately Woods was proven right for about the thousandth time this past week, as Washington again showed us that it is all about war. First, we learned...
The Crack-Up is Coming
Some Federal Reserve officials are calling for tougher banking regulations in order to prevent the Fed’s low interest rate policy from leading investors to take “excessive” risks that will create asset bubbles. The Fed is understandably worried that these bubbles will...