Free Republic

resident Joe Biden stubbornly refused to admit Americans' struggles with inflation might cost him the election in a rare interview Wednesday. A growing economy could inspire confidence in Biden's leadership ahead of the election, but the issue of persistent inflation could ruin that. Biden, who was in Wisconsin to tout his record on the economy and to announce an investment by Microsoft to build a factory, defended his handling of inflation. Polls show voters are nervous and critical of Biden's handling of the economy and anchor Erin Burnett reminded him that grocery prices are up 30 percent. But Biden, in...

During an interview aired on Wednesday’s broadcast of CNN’s “OutFront,” President Joe Biden stated that while “corporate greed” has caused an increase in the amount of money people have to spend on groceries and people feel real pain from the cost of groceries and food and he’s angry people have to spend more, “if you take a look at what people have, they have the money to spend.” Host Erin Burnett said, “[T]here’s real pain. Grocery prices are up 30% — more than 30% since the beginning of the pandemic, and people are spending more on food and groceries than...

The unbroken string of economic disasters that is Bidenomics now has a solid explanation. Jared Bernstein, the Chairman of the President's Council of Economic Advisers doesn't understand economics. While being interviewed for the newly released documentary Finding the Money, he was unable to explain how the Federal Reserve creates money--something I taught to freshmen in macroeconomics classes for 23 years. "The government definitely prints money, and it definitely lends that money by selling bonds," Bernstein guessed. "Is that what they do? They sell bonds, yeah, they sell bonds. Right? Since they sell bonds, and people buy the bonds and lend...

Perhaps Fed Chair Jerome Powell was listening to Prince’s “Let’s Go Crazy!” Because The Fed went crazy with money printing to counteract the shutdown of the US economy in 2020. The US jobs market peaked in February 2020 under Trump at 152,309,000. Then COVID struck in March 2020 and the US economy lost almost 10 million jobs by December 2020. But when the fear ebbed and the economy opened back up, it took until June 2022 to recover the lost jobs. But since June 2022, the US economy has added almost 6 million jobs (many are part-time jobs and taken...

Jared Bernstein is perhaps the most influential "economist" in the United States. I put economist in quotes, despite his being an academic who has taught the subject and has advised Congress and the highest elected officials in America. I do so because he is a moron. He is such a moron that Paul Krugman himself admires him for his economic insights. He is that bad. ... This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy. Jared Bernstein is literally the Chair of the Council of Economic Advisers,...

A viral clip of an interview with President Joe Biden’s economic adviser Jared Bernstein shows the official struggling to explain why the U.S. government chooses to borrow money when it can just print more. "The government definitely prints money, and it definitely lends that money … by selling bonds. Is that what they do? They sell bonds, yeah, they sell bonds. Right? Since they sell bonds, and people buy the bonds and lend them the money," Bernstein, chair of the Council of Economic Advisers, said when asked why the federal government borrows currency it can print. "I guess I’m just,...

Jared Bernstein, the Chief Economist and Economic Policy Adviser to Joe Biden, has been featured in a clip in which he struggles to explain how money works. Bernstein was being interviewed for an upcoming documentary about the economy entitled Finding The Money. 'We all use money, and yet the questions of what is money, and where does money come from remain elusive,' the film teases in a preview.

MONEYWATCH Donald Trump is about to become $1.2 billion richer. Here's why. moneywatch By Aimee Picchi Edited By Alain Sherter Updated on: April 23, 2024 / 4:20 PM EDT / CBS News Donald Trump is about to see his fortune grow by $1.2 billion. The former U.S. president is set to receive a so-called earnout bonus of 36 million shares in his newly public company, Trump Media & Technology Group, as part of an incentive that was created for the company's public market debut in March, according to a regulatory filing. For Trump to get the additional shares, which are...

George Soros and his hard-left acolytes are paying agitators who are fueling the explosion of radical anti-Israel protests at colleges across the country. The protests, which began when students took over Columbia University’s Morningside Heights campus lawn last week, have mushroomed nationwide. Copycat tent cities have been set up at colleges including Harvard, Yale, Berkeley in California, the Ohio State University and Emory in Georgia — all of them organized by branches of the Soros-funded Students for Justice in Palestine (SJP) — and at some, students have clashed with police. .....

Sen. Ron Johnson (R-Wis.) blasted the House for passing foreign aid bills, arguing Congress is spending money that “we don’t have” and that the U.S. should be focusing on securing its own borders instead. “We’re gonna further mortgage and plunder our children’s future, over $100 billion,” Johnson said during his Saturday morning appearance on NewsNation. “We spend close to $900 billion on defense, but every time there’s some kind of defense action seems like we need to do a supplemental.

Row over 'tree man' virus samples By Felix Lowe and agencies Last Updated: 5:00pm GMT 26/11/2007 An Indonesian fisherman who developed tree-like growths on his hands and feet is at the centre of an international medical spat after his country's health minister criticised doctors trying to treat him. Indonesia's health minister, Siti Fadilah Supari, lambasted the US doctor currently treating the 35-year-old man, who has the rare affliction caused by the Human Papilloma Virus. Indonesia's health minister Siti Fadilah Supari (second right) inspects Dede's tree-like growths Mrs Supari is angry that Dr Anthony Gaspari has taken blood and tissue samples...

Fox News legal analyst Jonathan Turley said Monday on Fox News Channel’s “America’s Newsroom” that former President Donald Trump’s New York trial for allegedly falsifying business records related to payments to porn star Stormy Daniel is “absurd.” Host Dana Perino said, “Jonathan, you wrote about Cicero saying ‘the more laws, the less justice,’ and that you seem the same here. How so?” Turley said, “Well, the more cases against Trump, the less justice we receive as a people. You know, the opponents of Trump would have been far better off with just one case, the Mar-a-Lago case. That’s based on...

Former British Prime Minister David Cameron told America that “it’s profoundly in your interests” to shovel more money into Ukraine while saying he would like to meet with any members of Congress in need of persuading as he visits Washington. For Ukraine, “perhaps nothing is more important than the supplemental the Congress is looking at the moment” former Prime Minister David Cameron — who quit the post over losing his own Brexit referendum, but is now back in government as Britain’s chief diplomat — said on Tuesday. Now Lord Cameron — after he was elevated to Britain’s largely appointed House...

“Banking is slightly illegal,” says world-renowned economist Richard Werner, who is leading the charge against CBDCs. In this episode of "The Glenn Beck Podcast," Richard teaches Glenn that “banks don’t take deposits, and banks don’t lend money.” That begs the question, “What do banks actually do?” This discussion may make you realize that all you think you know about money is wrong. That’s not all we don’t know about the economy. We also have no clue which banks make up the Federal Reserve, who created Bitcoin, or the real relationship between inflation and interest rates. But we do know that...

If you plan to deposit $10,000 or more into your checking account, there are a few things you should consider first. By law, banks have to report deposits that exceed a certain amount. Not only that, but many bank accounts come with maximum deposit restrictions. You may also be subject to certain fees when making such a large deposit. If you frequently make large deposits, you should also watch out for any potential scams or fraudulent activity. But even if this is a one-time thing, it’s still important to know about these factors and how they might affect you. Banks...

The Pentagon is defending its steady rollout of weapons to Ukraine even as officials in Kyiv say the assistance is coming too slowly — and it might already be too late to help turn the tide of the war in Ukraine’s favor. On Wednesday, POLITICO detailed criticisms from high-ranking Ukrainian officials, who said they can’t defend the frontlines any longer: “There’s nothing that can help Ukraine now,” one of the officials said. The West doesn’t have the technology to help Ukraine, and it also hasn’t sent weapons quickly enough, the officials said. While the incoming F-16 fighter jets are welcome,...

~snip~ As part of a longstanding campaign to stop printing and even recall existing $100 bills, the New Republic wrote, “Benjamins are the favorite currency of criminals and almost no one else.” Rich tax evaders, corrupt foreign officials, money launderers, counterfeiters and other bad actors hoard them, but the law-abiding masses rarely use them except for overseas travel or special occasions. As far back as 1976, an economist named James Henry called for an end to the $100 bill in an article in The Washington Monthly because — even nearly a half-century ago — it was the preferred currency of...

People are not satisfied with the San Francisco city government’s progress in providing reparations to descendants of African Americans who have suffered historical discrimination, according to a new report. Although a city government panel proposed monetary reparations for eligible Black residents last year – with some potentially receiving $5 million, "So far, all they’ve received is an apology," The Washington Post reported. The Post detailed how the city has had to cut funding for the project, and that people are growing frustrated over the lack of progress on reparations. The San Francisco Board of Supervisors put out an official apology...

[…]Central Bank Digital Currencies (CBDC), tie the financial freedom of citizens to the government and the banking establishment. The central bank issues its centralized digital currencies, and essentially creates a new monetary system, "fiat on steroids", a system that takes everything that is bad in the fiat system, and adds more of it; surveillance, control, censorship, and enforcement capabilities. A modern prison? Indeed, the CBDC is the ultimate prototype of a prison without physical chains. By connecting CBDCs to digital identity cards, and to government systems such as universal basic income, social credits and more, we get the ultimate control...

Subtitle: A Canadian judge has ordered an injunction from a father to be lifted so that his 27-year-old autistic daughter can be permitted to undergo a doctor-assisted suicide. On March 14, I reported on the story of a 27-year-old Albertan woman with autism who had been approved for euthanasia in December; she was planning to receive a lethal injection on February 1 when her father, whom she lives with, successfully obtained a temporary court injunction the day prior. Her father argued that her autism and “possibly other undiagnosed maladies do not satisfy the eligibility criteria for MAiD [Medical Assistance in...