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Main Street And Monetary Policy

How does Federal Reserve policy impact small business? Most obvious is the Fed’s control of interest rates. The interest rates on loans reported by small firms are perfectly correlated with the rate on 10-year Treasury bonds. The Fed also controls the rate it pays on...

Is Anyone Optimistic?

If you are trying to understand the Administration’s policies and goals, this may give you a clue. Asked about how ordinary people were doing with record high gas price, top Biden Advisor Brian Deese responded: “This is about the future of the Liberal World...