Big Government and Big Inflation
April’s 4.2 percent past year increase in the Consumer Price Index is not likely to dissuade the Federal Reserve from continuing its policy of near-zero interest rates. Fed Chairman Jerome Powell believes the rising prices are just a temporary phenomenon caused by the ending of lockdowns releasing pent-up consumer demand.
Powell may be right that the ending of lockdowns would inevitably be accompanied by a rise in prices. However, this is just the latest reason the Fed has given for putting off increasing interest rates. Powell does not want to admit that the real reason the Fed will continue to keep rates low is that increasing rates will cause the federal government’s interest payments to rise to unsustainable levels.
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Big Government and Big Inflation: Ron Paul
Ron Paul | Infowars.com
May 17th 2021, 11:29 am
The only way to avoid the crash is to spread the truth among enough people to force Congress to reverse course.
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April’s 4.2 percent past year increase in the Consumer Price Index is not likely to dissuade the Federal Reserve from continuing its policy of near-zero interest rates. Fed Chairman Jerome Powell believes the rising prices are just a temporary phenomenon caused by the ending of lockdowns releasing pent-up consumer demand.
Powell may be right that the ending of lockdowns would inevitably be accompanied by a rise in prices. However, this is just the latest reason the Fed has given for putting off increasing interest rates. Powell does not want to admit that the real reason the Fed will continue to keep rates low is that increasing rates will cause the federal government’s interest payments to rise to unsustainable levels.
They don’t like the talk of impeachment, but there’s a small and growing number of Republicans who want the Democratic-run House investigation of President Donald Trump to proceed. Several House Republicans have said in recent days that they want answers to questions about Trump’s dealings with Ukraine’s president. By contrast, Republican leaders in the House have vigorously defended Trump and. attorney Oct 2, 2019
Other View / Up in smoke: Good riddance to menthol cigarettes
From the editorial: At this point, we d like to blow a stiff puff of smoke in the face of the Rev. Al Sharpton, who lobbied against the unjust ban, even though his National Action Network accepted money from tobacco giant R.J. Reynolds. Boo!
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New York Daily News | 11:00 am, May 7, 2021 ×
The Food and Drug Administration is set to ban the manufacture and sale of menthol-flavored cigarettes, the only remaining flavored cigarette still legally allowed. To borrow from an unintentionally grim advertising tagline used by the leading menthol brand, the move makes us alive with pleasure.