Fed Warns: USA Becomes Venezuela If Progressives Do This One Thing

Modern Monetary Theory, MMT, is an economic idea that has found support with progressive politicians such as Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez. The principle behind MMT is that the government can print more money to pay for deficit spending. Scott A. Wolla, of the St. Louis Fed, and Kaitlyn Frerking, a student at […]

Swiss Bank Reveals: Wealthy Investors Expect Big Market Drop in 2020

Investors with significant wealth were asked their opinions concerning what shape the economy will take in the future in a recent survey by Swiss multinational investment bank and financial services firm UBS. A majority of the investors surveyed reported they believe a significant market decline will happen in 2020. To be surveyed, one needed to have […]

Study: For the First Time Ever, Billionaires Pay Lower Tax Rates Than Working Class Americans

In today’s world, your true financial worth may be measured in how little you pay in taxes. That’s because income inequality is at its highest levels since the Great Depression. In 2016, the top 1% of wealthy families and individuals owned over 40% of all wealth. The bottom 50% shared the rest collectively. This disparity […]

This Economist Sees Very High Chance of Recession Within Next 18 Months

Several economists and finance experts have been warning that another global financial recession could occur by 2021 for some time. In August 2019, more than 72% of the economists surveyed by the National Association for Business Economics predicted that a global recession will occur by 2021. Three out of every four economists surveyed agreed on […]

Farmers in These States are Going Bankrupt, Even with Bailouts from President Trump

The agricultural trade war between the United States and China has exacerbated American farm bankruptcies to levels unseen since 2011. According to the American Farm Bureau Federation, the country’s largest farm advocacy organization, around 580 farms filed for Chapter 12 bankruptcy from January 2019 to September 2019. Businesses must repay creditors within five years of […]