Since his return to office in January, President Donald Trump has called on Federal Reserve Chairman Jay Powell to cut interest rates which Powell and the Fed’s Board of Governors have refused to do. In typical child-like behavior when he doesn’t get his way, Trump has hurled insults at Powell calling him a “stupid person,” … Continue reading The Trump – Powell Spat: A Distraction from the Debt Crisis
Former President Donald Trump attends a rally in support of Arizona GOP candidates, Prescott, Ariz., on July 22, 2022. (Mario Tama/Getty Images) Once again, former president Donald Trump criticized the Biden Administration for the record consumer price increases that Americans are now paying. His remarks followed up on his July 4th speech in Wyoming where … Continue reading Trump’s Inflation
The use or rather misuse of language has always been an effective tool of politicians to enact their agendas. George Orwell’s “Politics and the English Language” brilliantly showed, in his day, how language was being manipulated for all sorts of totalitarian measures: Political language -- and with variations this is true of all political parties, … Continue reading “Inflation,” Properly Defined
Fed Chair Jerome Powell apparently doesn't see the pernicious effects of inflation At one time, the Federal Reserve’s sole mandate was to maintain stable prices and to “fight inflation.” To the Fed, the financial press, and most everyone else “inflation” means rising prices instead of its original and true definition as an increase in … Continue reading The Fed’s “Inflation Target” is Impoverishing American Workers
Antonius Aquinas 