Economics & Political Systems

Medicare for All is Bad Medicine

With Senator Bernie Sanders once again emerging as a front-runner for the Democratic Party presidential nomination, Medicare for All has again come to the forefront of political debate. But what exactly is the senator proposing? Is it simply the expansion … Continue reading

What’s Wrong with a Tax on Billionaires?

Among the many radical economic plans offered by various Democratic presidential candidates, Senators Bernie Sanders and Elizabeth Warren have proposed an annual wealth tax on billionaires (and other “ultra-rich” Americans). Sanders has bluntly stated, “There should be no billionaires.” These … Continue reading

Is the Federal Reserve Apolitical?

President Donald Trump has had (what else?) a publicly tempestuous relationship with the Federal Reserve System. Fed Chairman Jerome Powell has adhered to the Fed’s official traditional position of being apolitical. Typical of Powell’s statements is the unequivocal assertion, “Political considerations … Continue reading