The Retired Investor: Why Protectionism Is a Close Cousin to PopulismBy Bill Schmick,
04:43PM / Thursday, June 13, 2024 | |
The number one issue on voter's minds in this election year is immigration. That may come as a surprise to some, but it makes a lot of sense if one believes that we have entered a period of populism.
Sixty-two percent of registered voters nationwide support a program to "deport all undocumented immigrants," according to a CBS News poll over the weekend. On June 3, 2024, President Biden signed an executive order that would ban migrants who cross the southern border illegally from claiming asylum to defuse this election issue. Faith-based charities, like Catholic Charities, which have a long history of providing shelter, food, and clothing to migrant families 0 Comments
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The Retired Investor: How Top-Down Economic Policies Pushed Country Over the EdgeBy Bill Schmick,
04:33PM / Thursday, June 06, 2024 | |
The Federal Reserve Bank's smoothing of the business cycle, which started in the 1990s, was meant to ensure price stability and the health of the labor market. It's top-down policies of reducing interest rates through the banking system and into the hands of the largest corporations was meant to benefit the whole economy.
The problem is that corporations and the minority of Americans that control them are not the whole economy. What did that matter, argued supply-side economists. This group, who championed Reaganomics in the 1980s and beyond, assured us that the benefits of the Federal Reserve Bank's policies would ‘trickle-down' throughout the 0 Comments
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