Federal Spending and Inflation

At some point during this health crisis the financial class will likely begin its campaign against further Federal fiscal expansion, at least that portion directed towards the working class. They will wrap this argument in the language that heavy federal […]

It’s Just Accounting

The Federal Reserve (FED) is funding various loan facilities for corporate and other business enterprises which are struggling in the midst of the Coronavirus. The Treasury Department will backstop these loans with $454 billion, certainly more to come, if needed, […]