Category: Federal Budget
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This Man Saved the U.S. From Ruin
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Biden Broadband Initiative
The White House has unveiled how the government will divvy up $42bn among the US’s 50 states to expand access to high-speed broadband by 2030, as it launched a new publicity campaign for President Joe Biden’s economic policies. The $42bn in federal funding under the Broadband Equity, Access, and Deployment Program is based on a…
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Econ 101?
Senator Kennedy questions Federal Reserve Chairman Jerome Powell about inflation and capital requirements for banks. **Powell explains that we had very little inflation for 25 years** and that inflation depends on whether tax increases or spending cuts are part of a congressional budget plan. If there were no spending cuts, he believes there would be…
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Balaji Panics….
Balaji Srinivasan discusses the recent financial crisis and compares it to the one that happened in 2008. He explains that over the course of 2021, many people were saying that inflation was going to happen, but the Federal Reserve continued to sell hundreds of billions of dollars in bonds during this period. However, in December…
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Fake News 2