Federal Reserve
Was This the Biggest Political Flip-Flop Ever?
I don’t think anybody is surprised when politicians flip-flop. George H.W. Bush with his “no new taxes” pledge provides a great modern example. But Alexander Hamilton arguably gave us the most damaging, if not the biggest, flip-flop ever when he did a complete 180 on...
U.S. Money Supply Continues to Increase at Record Pace as Federal Reserve Backstops Government Spending
The federal government continues to borrow and spend at a staggering rate. On March 1, the national debt pushed above $28 trillion for the first time. This rate of borrowing wouldn’t be possible without the Federal Reserve monetizing the debt through...
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...
Fed Shifts Inflation Policy to Steal More of Your Wealth
The Federal Reserve has doubled down on its policy of devaluing your money. During a speech in Jackson Hole last week, Federal Reserve Chairman Jerome Powell announced a shift in the central bank’s inflation policy. In the past, the central bank has targeted a 2...