11 thoughts on “Breaking News

  1. They need a libertarian that understands finance / The Fed and who isn’t a pure isolationist i.e. Larry Elder.

  2. “Seems he’s moving to a worse slot. I know I will never listen at that time.”

    Bennett has three million listeners. Right now hew has one million. East coast drive time.

    Hewitt is more in the weeds on policy and knows more people. This is huge for the election. He can influence Congress.

  3. I like Hewitt.
    But he is the closest to an ‘establishment Republican’ on the radio.
    And he is naive about some things. Hewitt actually seems to believe that it is possible that a secure fence will be built along the border with Mexico. He seems to think that the current open-borders policy of the GOP is a kind of oversight, something that just coincidentally keeps getting delayed by the majority GOP in congress, cuz gosh, they are so busy!
    A few years ago Hewitt was interviewing a frosh GOP congressman. Hewitt was lambasting the congressman for not doing more to trim spending. The congressman (I forget who it was) sounded like a decent guy. He explained to Hewitt that his office days were broken into fifteen minute segments, and each of those segments was spent with constituent groups and lobbyists, all of whom were urging him to spend more money on the project that they were interested in, or asking for legislation to help their business or screw their competitors. That was what his day as a congressman was like. Hewitt didn’t seem to want to hear that.

  4. “He explained to Hewitt that his office days were broken into fifteen minute segments, and each of those segments was spent with constituent groups and lobbyists, all of whom were urging him to spend more money on the project that they were interested in, or asking for legislation to help their business or screw their competitors. That was what his day as a congressman was like. Hewitt didn’t seem to want to hear that.”

    You can’t stop spending with political will as long as the Fed has discretionary rules like the Dual Mandate.

    All Western bond markets plus China and Japan will start backing up uncontrollably with in a few years and then we will get good government the hard way.

  5. If you look at the dictionary under “Establishment”, you will see Hugh’s picture. He lost me 5 years ago after his fevered attacks on tea party candidates back in 2010.

  6. Fed, Iran is demanding payment for their crude in Euro. Apocalypse cannot be far behind. I am so verklempt. Talk among yourselves.

  7. justplainangry: Non-cogent. Non-sequitor. The government is running out of money because the GDP is too low. So they fund everything with debt.

  8. fed, fed, fed… Let me spell it out for you: one of the main reasons USD is a world reserve currency is because crude oil, the one true world commodity is traded in USD. Iran demanding to be paid in Euro has the potential to upset the entire world currency market.

    I do not know that you can see that I am not disagreeing with you, but your view of the economy from your posts is very simplistic. It is not just the Fed. It is not just the GDP. It is not just the ForEx. It is not just the geo-political pressures. It is not just printing fiat money etc, etc.. You have to consider all levers, in all corners of the world to keep US financial engine moving in the right direction. Abolishing the Fed, or at least scaling their powers to their original mandate, is but a step towards better financial health. But either we have Fed or not, if USD is dethroned as a reserve currency, armageddon WILL follow. Invest in lead, I presume you already have steel.

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