mises.org / March 18, 2017
It’s been a busy week in Washington. The Fed raised interest rates another quarter of a point, selling the narrative that the economy is strong — in spite of its own indicators. Meanwhile, some are asking whether Snapchat’s stock rise and fall are a sign that the Fed-fueled stock bubble is ready to pop. On Thursday President Trump announced a budget that mixes promising agency cuts with insane military spending hikes. He also signed an executive order to “streamline” federal agencies, but such attempts aren’t serious unless they include utilizing blockchain. On the Congressional side, Paul Ryan continues to have a hard time selling his illogical healthcare reform.