No surprises here. When taxes, regulations and spending are all cut, the free market can breathe again.
Puerto Rico has been paying its debts by borrowing. Today many of those lenders are going to be disappointed.
With a seemingly innocuous transportation bill, the Federal Reserve's precious "independence" is being threatened — which could be a first step toward its abolition once people realize how the system works.
For political and economic reasons, the world oil glut is unlikely to end anytime soon. This will keep oil prices low for the foreseeable future.
With the entire planet over-leveraged with cheap debt, it won't take much to begin the deleveraging.
The "gig" or freelance economy is a dynamic economy, and the statists are having a tough time trying to adapt.
In a glaring example of Orwellian double-think, advocates of ObamaTrade say that it will create jobs while at the same time saying that we must pass a Trade Adjustment Assistance bill (TAA) to provide subsidies for U.S. workers who will lose their jobs.