The Republican “Party of Fiscal Responsibility” continues to rack up debt at a staggering rate. The U.S. Treasury plans to borrow another $425 billion in the final quarter of 2018, bringing total borrowing for the year to $1.34 trillion, according to a Treasury Department press release. When it’s all said and done, the level of borrowing in […]
As the economy grows the fed has been raising interest rates. President Trump isn’t pleased and he let Chairman Powell know it. He said “it looks like he’s happy raising rates.” As of Wednesday stocks were negative territory for…
With federal spending and the national debt already at dangerously high levels, the Trump administration just posted another milestone: The biggest budget deficit since 2011.
On SchiffGold’s “It’s Your Dime,” Mike Maharrey talks with economist Bob Murphy about his Contra Krugman book, how Keynesian economics goes off the rails, the time Paul Krugman ridiculously compared HealthCare.gov to UPS, the trade war, the gold standard and the Great Depression, Bob’s favorite Krugman flip-flops, and more. Robert P. Murphy holds his Ph.D. […]
In aviation, a death-spiral describes the downward, corkscrew-motion of a disabled aircraft that’s unrecoverably headed for a crash. If you pilot an aircraft, you never want to find yourself in a death-spiral — for obvious reasons. Well, The federal government may well be in a death spiral of its own – or perhaps we should call […]
Several times a week, I see Trump supporters touting the rising stock market and “booming economy” as proof of his economic prowess. Sadly, they are being led down a primrose path to ruin. I’m going to sum this up as simply as I can. The economy and the stock market are – to steal a […]
While all eyes are distracted by the Kavanaugh political circus, other things keep getting worse.
I’ve come to a conclusion: there is a segment of Trump supporters out there who are delusional. They are so blinded by the cult of personality that they can’t objectively look at reality. Last month, the Trump administration broke the one-month record for spending. In other words, Trump and his Republican colleagues in Congress are […]