The Federal Reserve expects inflation to remain low, bringing out exuberance from President Trump, but what is good is the Fed's irrelevance, at least for the moment. 

It’s far too early to be writing off the longest-running economic expansion in history, as some in the media appear to be doing.

Initial claims for unemployment insurance are the lowest seen since 1969, when the U.S. workforce was half the size that it is now. Raising the federal minimum wage, however, would put more people out of work.

The U.S. Treasury announced on Friday that the federal government has spent $1.8 trillion since October 1, while tax receipts were only $1.3 trillion. According to Modern Monetary Theory, this is just fine.

Newark Mayor Ras Baraka announced plans to create a commission to study the concept of a “universal” income plan to help the more than one quarter of the city’s population living in poverty.

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