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With all the recent talk of extraterrestrial aliens and Ukraine, you might have missed the recent news story of yet another bank failure in the United States this year. July saw another bank failure in the United States, the Heartland Tri-State Bank in Kansas,...
The year is 2035. Kamala Harris is in her second term as president of the United States, after serving as vice president under Joe Biden for eight years. The “Inflation Reduction Act 5.0" and the third iteration of the Green New Deal has just passed Congress and was...
Taxation has always been an integral part of a nation's economic system, enabling governments to fund public services and fulfill their obligations. The Revolutionary War marked a turning point in American history, as colonists fought for independence from British...
The Federal Open Market Committee (FOMC) met today to discuss the state of the U.S. economy and monetary policy. According to recent indicators, the U.S. economy is experiencing modest growth in spending and production, while job gains have picked up in recent months...
Today, the Federal Open Market Committee released the minutes from their most recent meeting. The most significant news was that they hiked the interest rate by 25 basis points to give us a total federal rate of 4.5% (up from 4.25%). This was a continued effort by the...
While much of the nation is currently engulfed in severe winter weather in the week leading up to Christmas, one that is also likely already marked by much more expensive family gatherings, food, and gifts all due to historic inflation, the U.S. Congress sought fit to...