Danielle DiMartino Booth has a new book out on the fed from an insiders perspective. She says many things that Austrians can agree with and other things where she doesn’t go far enough! She says we shouldn’t get rid of the fed but rather just need more competent people in charge. John Tamny offers critiques on her book but John misses the point in many respects. John Tamny thinks we mainly don’t need a fed because it’s largely irrelevant as it is. The way Mr. Tamny sees how the banking system works would still depend on a federal reserve so I can’t agree with his analysis either. There’re many opinions on the fed and it seems Ron Paul and Murray Rothbard are the most correct on this issue.
Elon Musk successfully launched and landed the recycled rocket, Falcon 9. This is such a perfect example of how the private sector does things better and far cheaper than anything the government can do. The private sector can launch a rocket at a price tag of $200,000 compared to NASA’s cost of $450 million! Isn’t that insane!? The more money that goes to government than that’s more money that is just being pissed away to the inefficient and wasteful government! Government invests for a political return, not an economic one!
Paul Ryan pulled the vote expected vote for the republican healthcare bill. The republican party is at war with itself. We see the establishment types blaming conservatives for not falling in line. The republican healthcare bill was a disaster and this goes to show that all the republican votes to repeal Obamacare, while Obama was in office was a bluff! The republicans never did want to fully repeal Obamacare! Big government only continues to grow under the supposedly “small government” republicans.
The Federal Reserve raised interest rates for the 3rd time in 10 years at its March meeting. Most of the “experts” out there didn’t expect this rate hike until the week before! Janet Yellen is more aggressive to raise interest rates simply because Trump is now the fall guy. Trump from his tweets has taken ownership of this economy from the political perspective. Meanwhile in Venezuela, things are getting worse…People are standing in bread lines and the government has decided to make standing in breadlines illegal! And they’re arresting bakers for overpriced bread! Yes, the insanity continues!
People are upset with what I had to say in regards to Indian reservations and capitalism. People today like to see themselves as victims. Once you see yourself as a victim you have already lost! You have the power to change your thinking at any time and how you choose to let things effect you. Most people don’t get this and they settle for mediocrity in life. The latest jobs numbers released were the first to come out of the Trump presidency and they’re better than Obama’s last year in office. So there’s some optimism out there with a jobs number of 235,000 for February but we’re not out of the woods yet. We are nearing the point at which the bubble is popped and all the malinvestments come to the surface.