Tag: U.S. Treasury
The Devil in the PPP’s Bailout Details

Of all the actions the U.S. government has taken during the coronavirus pandemic, the Paycheck Protection Program (PPP) has been one of the most effective in achieving its desired results. The PPP provided $510 billion in emergency loans to small businesses to let them continue paying the incomes of their employees as they were...
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Can the Fed Handle the Next Financial Catastrophe Arising from Politicians’ Addiction to Spending?

Isn’t it time the politicians and bureaucrats who run the government reined in their opiate addiction and went into rehab?

What Happens If China Triggers Its Nuclear Option for U.S. National Debt?

The U.S. government directly owes the nation of China over 1.1 trillion dollars.

Ben Bernanke Must Go

Ben Bernanke’s four-year term as Chairman of the Federal Reserve System ends on January 31, 2010. In a story published on August 12 and headlined “Economists Call for Bernanke to Stay, Say Recession is Over”, Wall Street Journal reporter Paul Izzo writes that “economists are nearly unanimous” in recommending that President Obama reappoint Mr....
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Crony Capitalism

News item: Goldman Sachs surprised even optimistic analysts with a $3.44 billion profit for the three months to June, almost 90% more than the previous quarter. Profits were also up at JP Morgan Chase, which announced second-quarter profits of $2.7 billion on July 26th, which were 36% higher than a year ago. (“The World...
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