Free Republic

While speaking at a meeting of Japanese business leaders in Tokyo, Trump said the stock market would be anywhere between 7,000 to 10,000 points higher if the U.S. central bank had chosen to keep interest rates steady. He also suggested that the growth rate in the U.S. would have exceeded 3 percent. "But they wanted to raise interest rates," he said. "You’ll explain that to me." Trump, despite hand-picking Chairman Jerome Powell more than a year ago, has been a frequent critic of the Fed, often urging policymakers to cut interest rates from the current target range of 2.25 percent...

Did you realize that if you have a dollar bill in your pocket, you actually have a fairly reliable standard of measurement? You see the long side of a dollar bill laid flat on a surface, measures exactly six inches long. Practically speaking, this means that if you have a dollar in your pocket you have a very reliable six-inch ruler at your disposal. Regrettably, what you don’t have at your disposal is a dollar. You see, as a standard of linear measurement, the dollar bill might be a reliable tool, but as a measure of wealth the dollar bill...