The latest report from the Congressional Budget Office about the state of the economy isn't apocalyptic. It just points the way.
Legislation introduced in Congress recently would define the U.S. dollar as a fixed amount of gold, a move that supporters say would help stabilize the monetary system while protecting savers, workers, and investors from the ravages of inflation. If signed into law, the bill would also restrict the ability of the controversial Federal Reserve System to confiscate the American people's wealth and manipulate the economy by expanding the currency supply. President Donald Trump has publicly supported the idea of returning to a gold-backed dollar, but the prospects for the new legislation remain uncertain.
A Census Bureau report noted that by 2030, as Baby Boomers age, the size of the older population will grow such that one in every five U.S. residents will be of retirement age.
In the past few years of heavy marketing and favorable media coverage, one would expect that the electric-car market would have taken off. It hasn’t, though; it survives on government handouts.
President Trump announced that he is going to impose tariffs on imported steel and aluminum, much to the consternation of House Speaker Paul Ryan and others in the GOP.
Fed Chairman Jerome Powell addressed the House Financial Services Committee, and his hints that interest rates may gradually be increased affected the financial markets.
On the surface, the White House’s plan to rebuild America’s failing infrastructure looks like magic, and it relies heavily on the concept of “public-private partnerships” to fund the program.
Legislation making its way through the Alabama legislature would exempt gold and silver from state taxes, thereby facilitating the use of precious metals in commerce while ending what supporters of the legislation say is unfair treatment of dealers and investors. The implications — even if unintended — could be huge, supporters say.
Tax reform and deregulation have unleashed an economic tsunami whose impact is impossible to estimate, such as that happening at ExxonMobil.
A company move by Weatherby, a tiny but prestigious gun maker, sends a big message: People and businesses tend to move where they are treated best.