Facing its best chance of passage ever under the new GOP-controlled Congress and the incoming Trump administration, wildly popular legislation to open up the Federal Reserve's books, known as “Audit the Fed,” was just re-introduced in the 115th Congress. The bill, sponsored by dozens of lawmakers in the House and the Senate the day it was re-introduced, would force the obsessively secretive and increasingly controversial central bank to submit to a full government audit. But the Fed and its apologists do not plan to allow a real audit without a tough fight.

Data posted on the Treasury Department’s website indicates that the federal government’s total public debt outstanding increased by $1,054,647,941,626.9 during 2016.

The free market, left to its own devices, destroys as it creates. Efforts to repeal this economic law continue to fail.

Let's give Trump some credit for creating the psychological environment that billionaires need in order to make these kinds of decisions.

Reality has yet to set in among those professionals managing billions in pension plans across the land, as they set target rates of return on investments far above what they will likely make.

 

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