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Biden Says Higher Corporate Tax Would Not Hurt U.S. Economy as Manchin Opposes 28% RateApr 5, 2021 - 11:35:03 PDT
The proposed increase is part of the administration's effort to fund its $2 trillion infrastructure proposal.
Readers of the Mises Wire are no doubt familiar with the negative consequences of central banking and the inflationary capacity of fiat currency and how such a system drives malinvestment and leads to boom-bust cycles.
If there is anything Wall Street banks crave is relief. Primarily relief from the potential for failure and, next, relief from holding much, if any, equity capital. These banks like their capital tiny and their profits huge. Losses should be socialized.
America's first central bank was borne of a corrupt political deal, but that particular act of political corruption pales in comparison to what Hamilton and the Federalists really had in mind.
The helicopter money represents another “temporary” measure that will almost certainly become permanent.
Apr 5, 2021 - 10:38:03 PDT
Financial markets are topsy-turfy after the Covid panademic struck. The Federal Reserve rode to the rescue and increased their balance sheet by $3.5 trillion in just 13 months (white line). While s…
How One Federal ‘Stimulus’ Program is Crippling Small Businesses and Boosting MonopoliesApr 5, 2021 - 10:21:06 PDT
While 40% of small businesses are struggling to find employees, 18.2 million Americans are receiving unemployment benefits, which means that millions of unemployed Americans are deciding to stay home. Here’s why.
President Biden’s just-released 'infrastructure' proposal has come under fire for its enormous cost and hundreds of billions in waste and unrelated partisan spending. But experts warn that the true cost of Biden’s bill is likely much higher than its $2 trillion price tag.
The U.S. bond tantrum is sending a chill through indebted countries which have for years paid less to borrow more.As the American economy powers ahead, government bond yields from Australia to Italy are taking the cue and following those of the U.S. upwards. Those higher costs threaten to undermine a flagging recovery in Europe, which is losing control...
Almost six months after Goldman Sachs Group Inc. recommended shorting the dollar, it’s calling it quits on the trade.In a note titled “tactical retreat,” Goldman’s currency team closed its recommended short greenback position against a basket of Group-of-10 commodity currencies, including the Australian and New Zealand dollars. The firm joins hedge funds...
U.S. policy makers need to wake up to the potential of digital currency and electronic payments and the peril of allowing China to dominate them.
The federal government will not mandate the use of vaccine passports for travelers or businesses post-pandemic, President Biden's chief medical adviser, Dr. Anthony Fauci, told the Politico Dispatch podcast Monday
Apr 5, 2021 - 09:20:02 PDT
WASHINGTON (Reuters) - World Bank President David Malpass on Monday said he expects China, the United States and other Group of 20 major economies to extend a freeze in bilateral debt service payments through the end of 2021 when they meet this wee...
More Retail Pain Ahead: UBS Predicts 80,000 Stores Will Close in the U.S. by 2026Apr 5, 2021 - 09:05:55 PDT
UBS predicts 80,000 retail stores will shut across the U.S. by 2026, assuming e-commerce sales rise to represent 27% of total retail sales, up from 18% today.
Among all Democratic lawmakers, AOC was ranked 230th out of 2040 Congressional Democrats in terms of effectiveness.
Apr 5, 2021 - 08:36:45 PDT
Treasury Secretary Janet Yellen addresses the global economic recovery from the coronavirus pandemic in an event hosted by the Chicago Council on Global Affairs.
Inequality is America's Monster Id, and we're continuing to fuel its future rampage daily.
FBI Raids Business Renting Anonymous Safety Deposit Boxes, Forces Customers To Reveal IdentityApr 5, 2021 - 08:22:20 PDT
In a case that's already sparked one lawsuit, a Beverly Hills strip mall business which rents private, anonymous safe deposit boxes was raided by the FBI last month - at which time the agency conducted a blanket seizure of hundreds of customers' belongings.
. General Treasury Account Down by $480 Billion in 2 Months, $620 Billion to Go. What does it mean for the markets that the government now spends the proceeds from debt sales last spring that the Fed had monetized back then?
But Most of the 18 Million Job Losers on Temporary Layoffs Are Working Again. Bringing back permanent job losers took years the last two times, and it hasn’t even started yet.