Tag: Economics
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President Biden to release 9 days’ worth of oil from strategic reserves… over the next 6 months
It’s time we stop pretending releasing oil from strategic reserves does anything other than make people think something is being done. The United States consumes over 20 million barrels of oil per day. The United States consumes an average of 20.6 million barrels of oil a day. Forty percent of that — 9.1 million barrels — is…
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Economic professor suggests price controls to curb inflation
Talk about idiotic. How do these people get economic degrees, let alone a professorship in the subject, when they have nonsense ideas like price controls. Today, there is once more a choice between tolerating the ongoing explosion of profits that drives up prices or tailored controls on carefully selected prices. Price controls would buy time to deal…
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That huge sell-off in the markets today is simply a Black Friday discount for buyers of the dip
What’s a 3% dip in the stock market? The news is blaming the latest COVID variant… ooooooo so scary. Nothing to worry about. Nothing to see here. It’s simply a 3% discount on all the stocks you want to buy. Heck… use some of that stimulus money and gamble it away in the market. That’s…
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Bankrupt Chicago to grant guaranteed basic income to 5,000 households
So let me get this straight. The city is burning with violent crime spreading out all over the city and it may get worse with the Little Dictator’s (Mayor Lightfoot) war with the police department over vaccine mandates. Yet they have the gall to waste time and money on a program to pay 5,000 households,…
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Trillion dollar platinum coin to avert debt ceiling issue? Heck print 100 of those puppies!
In the latest round of stupidity and proof our money isn’t worth anything other than what the government says it’s worth, a former director of the U.S. Mint says the United States could just create a trillion dollar coin as a bridge loan to avert a debt ceiling crisis. They should just print 100 of…
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Supermarkets stock up to protect profits from inflation
Nah, inflation isn’t happening. After all Sleepy Joe told us our 4th of July cookout cost us $0.16 less than last year. Sure, he ignored the 8% increase in cost over 2 years ago because it was inconvenient. The nation’s supermarkets also must not be living in reality. They are stocking up at current prices…