‘Seventeen winners of the Nobel Prize in economics sign letter in support of the President’s Build Back Better package’.
US crude finished April 20, 2020, at minus-$37 a barrel, blowing past the zero mark that few imagined would ever be crossed.
Sit down. Remain calm. Let’s try to figure this out… The big news last Friday was that the House got together and passed Joe Biden’s social spending program.
This was classic monetary inflation on an unprecedented scale. Never before had any government ‘printed’ so much money in such a short period of time.
He sees the situation, as it has developed thus far, much as we do: the fake money and fake interest rates are ruining the country.
The habit of saving money has also been exterminated by more than a decade of artificially low interest rates
‘An election. It took place on Sunday. The party in power decided that COVID was a downer. I guess people are still getting sick and dying, just like they always do. But we don’t hear…
What money has Elon Musk made? What money did Nancy Pelosi or Mitch McConnell make? Between the two of them, they gained US$105 million in new wealth since 2004. Where did it come from?
First, because Biden knows nothing about supply chains, he has no clue about what’s wrong with them or how to fix them.
Inflation is just another way to squeeze blood out of a population of turnips. It is a tax levied on consumers. It’s a particularly noxious tax, in that it distorts and damages the entire economy.