Christopher N. Malagisi, From Wall Street to respected columnist to fed adviser, Danielle DiMartino Booth discusses her new book, Fed Up: An Insider’s Take on Why the Federal Reserve Is Bad for America. In our exclusive author interview she details her nine years as a senior financial analyst with the Federal Reserve of Dallas and
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Federal Reserve
Federal Reserve Maintains Out-of-Touch Predictions
Dan Celia, This week, St. Louis Federal Reserve President James Bullard indicated in a speech that President-elect Donald Trump’s economic plans are more about 2018-19, because “snapping your fingers,” he said, can’t produce instant change. The problem with most of the Fed’s presidents, and the Federal Reserve itself, is that they live in an insulated
Factory activity hits two-year high as orders surge
U.S. factory activity accelerated to a two-year high in December amid a surge in new orders and employment, suggesting some of the oil-related drag on manufacturing was fading. Other data on Tuesday showed construction spending hitting a 10-1/2-year high in November, which could provide a lift to fourth-quarter economic growth. The reports suggested president-elect Donald
Six Steps Trump Can Take Toward Better Monetary Policy
Stefan Gleason, Since Nixon severed the final link to gold in 1971, the US dollar has lost more than 80% of its purchasing power, wreaking havoc on ordinary savers, conservative investors, and households on fixed incomes. Today, inflationary monetary policy continues to be a foundational tenet of all presidential administrations as politicians and central bankers have heedlessly been
Federal Reserve Likely to Raise Rates
Dan Celia, It looks like we can expect an interest rate hike by the Federal Reserve this week. Is it just me, or is hardly anyone talking about the impact this might have on the markets? No one seems to be very concerned over the Federal Reserve raising rates or what this could mean for
Why a Fed interest rate hike would help, not hurt Trump
Peter Morici, The Federal Reserve would do Donald Trump and his supporters a favor by raising interest rates. President Obama’s economy—the dearth of decent paying jobs in rust belt communities and stagnant living standards—helped Trump to capture the White House. Obama boosted taxes on small businesses and investors, imposed burdensome regulations and worked against
A Book Haunted by the ‘Curse’ of Bad Monetary Ideas
Jay Lehr, Physical currency, in one form or another, has existed for innumerable years, but some people, convinced by their own hubris that they know something the collective minds of humanity have not devised, believe government can replace physical money with something better. Kenneth Rogoff is one of those people. The best and the brightest,
How Trump Can Bring Outside-the-Box Thinking to Bear on the Fed
Stefan Gleason, President-elect Donald Trump will soon have the opportunity to put his stamp on the Federal Reserve. And that is making the elite body of central bankers nervous. On the campaign trail, Trump harangued Fed chair Janet Yellen for pumping up financial markets with cheap money – accusing the Obama appointee of being politically
We citizens need a national dialogue on tax policy and how best to fund the government
Joel Goodman, The other day I posted a capricious piece that referenced an alternate tax plan, basically a way of eliminating the invasive aspect of the IRS by modifying the regressive aspects of the Fair Tax, a well intentioned National Sales Tax that was proposed several years ago. I mean - who doesn’t want to
Jobless claims rise to five-month high
Dec 1 - The number of Americans filing for unemployment benefits rose more than expected last week, hitting their highest level in five months, but the underlying trend remained consistent with a strengthening labor market. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 268,000 for the week ended Nov. 26, the
Half Of The Population Of The World Is Dirt Poor – The Global Elite Want To Keep It That Way
Michael Snyder, Could you survive on just $2.50 a day? According to Compassion International, approximately half of the population of the entire planet currently lives on $2.50 a day or less. Meanwhile, those hoarding wealth at the very top of the global pyramid are rapidly becoming a lot wealthier. Don’t get me wrong – I
12 Signs Of Extreme Optimism In U.S. Due to Trump Election
Michael Snyder, Trump has brought a giant wave of optimism never seen since Reagan. The election of Donald Trump has brought a giant wave of optimism to conservative America unlike anything that we have seen since probably the days of Ronald Reagan. Millions of Americans that were once deeply pessimistic about the future of this