The Illusion of Wartime Prosperity
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By Financial Sense Jan 9, 2025 – As President Trump is set to take office over the next four years with promises of expanded oil drilling and lower energy prices, Adam Rozencwajg, managing partner at Goehring and Rozencwajg, says that political initiatives…
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The Federal Reserve has welcomed the New Year by more of the same. As government spending continues to explode, the Fed enables it with its usual financial tricks.
Tweet … is from page 411 of the 2016 second edition of Thomas Sowell’s excellent volume Wealth, Poverty and Politics (original emphases): [E]ven if every American man, woman and child had equal individual incomes, that would still leave substantial inequalities in household incomes, because households that are in the top 20 percent of income recipients today contain millions more people than households in the bottom 20 percent. These larger households would remain in higher income brackets if incomes […]
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