MurraySabrin.com

The convergence of left and right…into one big government party–a conclusion I reached in 1971!

Source: EconomicPolicyJournal.com: CNN Goes Hardcore Promotion of Socialism; The Right Goes Anti-Free Market

It is a common occurrence at sporting events. Someone is singing the U.S. national anthem — “The Star-Spangled Banner” — and when he gets to the last line of the first verse (although the song has four verses, the first verse is the only one that is ever sung), the crowd starts cheering and shouting after the singer utters the phrase “the land of the free.” Most of those same people have an equally high regard for the country song Continue Reading

Source: What Would a Free Society Actually Look Like? – The Future of Freedom Foundation

Source: EconomicPolicyJournal.com: The David Stockman Warning: ‘We’re Going to Have 80 Million People Retire Within a Decade’

The party is willing to fight against irresponsible American global behavior and against the inexorable march to more senseless wars.

Source: The party of peace: Why I joined the Libertarian Party – The Boston Globe

After seven decades of failed Washington policy, he has a chance to up the ante. But will he?

Source: It’s Not Too Late for Trump to Ignore Bolton and Get Iran Right

Source: Of Two Minds – The Three Ds of Doom: Debt, Default, Depression

“I like New York Fed President John Williams first statement much better than his second. “

Source: Trump Bashes Fed’s Williams, Says US Economic Growth “No Thanks To Federal Reserve”, Sees “No Inflation”

Source: EconomicPolicyJournal.com: NYC Apartment Building Sales Crashing Because of New Anti-Free Market Rent Regulations

Source: Oil Prices Plunge After Trump Sends Rand Paul To Ease Tensions With Iran

“Trump has had it!”

Source: Rickards: Trump’s Currency War Declaration Has Sparked A Multi-Year Gold Rally

The theme of the book I am currently working on.

Source: What If Charity Replaced Taxation? – Foundation for Economic Education

In addition to being the longest economic expansion in United States history, a number of reliable recession warning indicators have been flashing red in 2019. The latest of these is the New York F…

Source: NY Fed’s “Recession Probability Index” Is Now At “Alarming Levels”!

Source: US Naval Coalition In Gulf – A Provocation Too Far

No reason to cut rates just now

Regarding “Powell signals rate cut could be coming soon” (Page 16A, July 11): This article reveals that the Fed chairman, Jay Powell, may be caving in to President Trump’s call for “easy money” as he heads into the 2020 presidential campaign. Thus, the Fed’s much touted “independence” is in question.

Every president running for reelection wants a robust economy, so the voters can go into the voting booth and pull a lever for the incumbent. However, easy money gives a short-term boost to the economy that always ends in tears — higher inflation, recession, bankruptcies, and increasing unemployment.

The most egregious example

of a president coaxing a Fed chairman to open the monetary spigot occurred nearly a half century ago, when President Nixon wanted a strong economy, in 1972, to ensure his reelection. The Fed induced boom ended in the bust of 1973-75.

There is no justification for lower interest rates at this stage of the business cycle, which is caused by the Federal Reserve’s manipulation of money and credit. Instead, the Fed should leave interest rates to the financial markets, allowing supply and demand to set interest rates.

In addition, Chairman Powell asserted in his congressional testimony that a return to the gold standard would be harmful to the economy. On the contrary, a return to the gold standard would end the decline of the dollar’s purchasing power; eliminate the manipulation of interest rates and the redistribution of income from low and middle-income families to the 1%.

Murray Sabrin, Ph.D.

Fort Lee The writer is a professor of finance at Ramapo College and founder of the Sabrin Center for Free Enterprise.

Source: “Abandon The PhD Standard” – Jim Grant Urges The Fed To “Use A Golden Rule”