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Congress Faces Urgent December Deadlines

Congress is running up against another major deadline in the first few days of December. Debt ceiling. Government shutdown. Biden's Build Back Better spending plan. And still, there is no end to the disagreements in…

Will the Housing Market Pause Before it Explodes?

October continued the trend we've been seeing develop in real estate for almost two years now. Tight supply, steady demand, higher prices, and first-time home buyers getting priced out of the market. It's only a…

Biden Picks Powell for Second Term, What You…

Biden nominated Jerome Powell for a second term as chairman of the Federal Reserve. The markets reacted to this news with anticipation of the taper plan continuing as Powell is more hawkish than those who…

Heresy Financial: Does QE Actually Cause Inequality?

Given the rapidly increasing inequality over the last few decades, and given the rapidly increasing supply of money funded by the Federal Reserve, many reasonably point to quantitative easing as the source of the inequality.…

Debt, Taxes & Printing

While many people are concerned about where the government spends its money, a bigger concern is where the money comes from in the first place. Because not all forms of income for the government are…

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The Cost of Money

The cost of money is arguably the most fundamental, the foundational issue that lies at the root of all economic problems. This is because the price of money is what influences economic calculation. If correct…