I don’t know about you, but when I survey the nation and the world at this moment, thankfulness is hard to come by. The economy progresses as if in a morass, our young people seem desperate and lost, and our enemies threaten us practically to our face yet our defenders are hogtied or refuse to acknowledge the threat. Nonetheless our history is replete with marvelous things of this world and the next, of great things of men and of nature. And thus my mind turns to Psalm 77, and with Asaph the choir director I remember… Continue Reading
I’ll be joined today by Fox & Friends’ Brian Kilmeade who, along with Don Yaeger, has written a book on “the forgotten war that changed American history”: Thomas Jefferson and the Tripoli Pirates
The weekly column from Clark Judge:
Why the Fed Should Not Raise Interest Rates
By Clark S. Judge: managing director, White House Writers Group, Inc.; chairman, Pacific Research Institute
For months now, the biggest economic question in Washington and even the world has been, when will the U.S. Federal Reserve raise interest rates. After all, since 2008, the Fed has more than doubled M1 (the narrowest and most widely followed measure of money in the economy). If ultra-easy money policies aren’t reversed, won’t inflation take off any day now?
Except after seven years, it hasn’t. Just the opposite.
Since 2011 and particularly this year, commodity prices have dropped (http://bit.ly/1Se9fpN). Not just gas and food prices either. According to recent reports, venerable retailer Macy’s (while growing as a proportion of mid-to-upper price level department store sales) has lost market share to discount retailers across the board. Continue Reading