The cornelian dilemma for the Fed will be to either raise rates to restrain rising consumer prices and support the dollar, or cut them to prop up a sagging economy & stock market. Doing the former will produce another financial crisis, while doing the latter something far worse!
— Peter Schiff (@PeterSchiff) January 19, 2018
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- Wage stickiness and unflattering accounts of the unemployed and poor
- The government wants to check my cat
- @realDonaldTrump Too bad #Republicans won't cut government spending so that Americans can have real tax cuts instead of the fraudulent one they are being sold. This fake tax cut, despite being small, will lead to larger deficits, higher inflation, rising interest rates, and future tax increases!
- The tax plan doesn’t do anything to shrink the size of government. http://bit.ly/2Bay6Jh
- synthetic a priori truths
- Carl Menger: Founder of the Austrian School
- #Trump's failure to suspend the #JonesAct for #PuertoRico proves that the only thing winning in America is the swamp!
- It's a myth is that breaking a shopkeeper’s window will ultimately boost the economy. http://bit.ly/2x6ibKK
- Hey guys, let's build some pyramids!
- At 2.62% the yield on 10-year Treasury is still low, but it's the highest since Sept. 2014. Since then S&P earnings have risen by 6.2%, while the S&P has risen by 44%. There is a significant risk of an inflation-driven spike in bond yields that is being completely ignored.