Economy
Predatory Pricing?
Uncle Sam can’t seem to make up his mind about how to define predatory pricing. Charge too little for a good or a service and the federal government might term it predatory pricing. But charge too much for a good or a service and the federal government might term it...
Feds Set Spending Record in Fiscal 2021; Ran Second-Largest Budget Deficit in History
With economies shut down and the U.S. government spending trillions in response to the coronavirus pandemic, the federal government ran a record $3.13 trillion deficit in fiscal 2020. The pandemic eased and economies opened back up in fiscal 2021, and you would expect...
They’ve Solved the National Debt! Just Mint a $1 Trillion Coin
Have you heard the latest news on the fake debt-ceiling fight? The Senate has approved a measure to kick the can down the road a couple of months. So, the “fight” will continue! The $480 billion increase raises the debt limit to $28.9 trillion, but that’s only going...
Constitutional Overreach Has Real-World Consequences: Mortgage Edition
A lot of people view unconstitutional federal actions as a mere abstraction. They see it as a political issue, or perhaps legal mumbo-jumbo. But federal reach has real-world impacts on everyday people. For instance, the Federal Reserve, along with unconstitutional...