Progressives called it a "huge mistake" Friday after the White House announced President Joe Biden had preemptively slashed his own infrastructure proposal by approximately $600 billion in order to appease Republicans and some corporate-friendly Democrats in the U.S. Senate. "Voters...
On Monday the market rallied enough that the S&P 500 breached short-term resistance levels by going through its high of last week. Hopefully, that will remove some of the short-term selling pressure and setup a more positive June...
Stock markets got a jolt of the wrong kind on Wednesday when release of Fed minutes showed a little more talk of the Federal Reserve tapering its stimuli took place than what Fed Chair Jerome Powell let on earlier...
The Fed has created trillions out of thin air to boost the speculative wealth of Wall Street, but it can't print experienced workers willing to work for low wages.The Federal Reserve is reassuring us daily that inflation is temporary,...
Initial claims for regular state unemployment insurance fell to 444,000 for the week ending May 15, a decrease of 34,000 from the previous week’s upwardly revised tally of 478,000 (see first chart). The current result is the fifth decline...
n this selection from chapter 19 of Reassessing the Presidency (newly available as an ebook from the Mises Store), Joseph Salerno examines one example of how the Federal Reserve and U.S. presidents work together to expand the size and...
