Central banks have not merely inflated the bejesus out of assets prices. They have also caused the very foundations of financial markets to metastasize, yielding an endless array of new products that have no real economic function except to facilitate new forms of pure wagering.
Democrats persuade a slim majority to approve the centerpiece of President Biden’s economic agenda, though the bill now faces an evenly divided Senate.
Although six House Democrats from the progressive wing of the party voted against passage of the $1.2 trillion bipartisan infrastructure bill, House Speaker Nancy Pelosi passed the bill late Friday night with the help of 13 Republicans. Hidden inside the 2,300 pages of this complete boondoggle of a bill are numerous dangerous provisions that would have our founders rolling in their graves.
A top Republican senator is demanding answers from the Biden administration about the White House’s decision to send a large number of administration officials to the 2021 United Nations Climate Change Conference (COP26) in Scotland at taxpayers’ expense.
The U.S. House of Representatives on Thursday unveiled the text of the Build Back Better Act, and it includes a provision to require banks to turn account information over to the IRS on accounts with $600 or more in annual transactions.
We’ve previously reported on the incredibly intrusive reporting requirement in the Build Back Better bill — requiring banks to report about any accounts that have transactions...
No less than 136 countries have reached a deal that would set a global minimum corporate tax rate of 15 percent. The Organization for Economic Cooperation and Development (OECD) announced the agreement on Friday.
