On the Street

Left Usurps Modern Monetary Theory for Socialist Agenda

Everyone from politicians and economists to ill-informed college students are discussing the merits of what is referred to as Modern Monetary Theory (MMT). While the theory is nothing new, it has been adopted by those that are very new, the socialists among us. I don’t know about you, but I immediately get hot flashes when I see the likes of ...

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Senior Citizens more exposed to fraud than ever

Those that prey on the seniors in our society are using technology to allow them to access just about every faction of one’s life. This takes a special kind of hubris to commit fraud to those of the greatest generation and others. Now the U.S. government is getting into the act. Attorney General William Barr announced on Thursday that the ...

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America Needs A New National Anthem That Average People Can Actually SING!

It’s all President Herbert Hoover’s fault, that wonderful man who brought us the Great Depression. He’s also the one who signed a 1931 Senate bill officially adopting The Star-Spangled Banner as America’s national anthem. Mind you, efforts had started as early as 1916 to shove this little diddy down Americans’ throats, but those early Congresses had more sense, rejecting the ...

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UK says Facebook “Intentionally” Violated Privacy Laws

In a report released Monday, British lawmakers claim Facebook “intentionally and knowingly” violated the country’s data privacy laws. The report is yet another step backwards for the social media giant, which has faced increasing criticism since the Cambridge Analytica scandal broke in March 2018. Facebook’s “handling of personal data, and its use for political campaigns, are prime and legitimate areas ...

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Personal Debt Info Shows Troubling Trends

Earlier this week the Federal Reserve Bank of New York issued a report about personal debt and there were several trends that are concerning. First and foremost, household debt rose to a record level in the fourth quarter of 2018. The total household debt came in at $13.5 trillion—yes that is trillion with a “T.” The fact that it hit ...

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The Battle for the American ‘Right to Repair’ is in Progress with Your Wallet on the Line

The likes of Apple and Amazon have been far from friends of the small business nor American consumers lately; as the tensions between consumers and increasingly large global corporations escalate. While dealing with individual megacorporation’s malpractice can be a daunting task on an individual level, the stakes become far larger when multiple companies collude on the same issues in attempts ...

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Meet Harvard Professor Gita Gopinath – first Woman to Steer the IMF

It should come as no surprise that Gita Gopinath was selected as the first woman to become chief economist at the International Monetary Fund. Her academic pedigree is beyond reproach. Born in India, Professor Gopinath studied for her doctorate at Princeton under Kenneth Rogoff, a former occupant of her new job, and Ben Bernanke, who later led the Federal Reserve ...

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