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The Wrap: War in the Gulf, Warsh Stands Pat, Democrats Seethe
Senator Chris Murphy (D-CT) has already highlighted some of the most egregious instances of Trump, his family, and members of his administration using their positions of power to enrich themselves and do favors for their billionaire buddies at the expense of American taxpayers. Murphy has written a script for a Democratic House to use in impeaching President Trump.
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Jul 96 min read


Inflation and a Virtuous Barbell
In a system where tax avoidance is a national aspiration, the currency must inflate continuously and at varying rates to accommodate the Treasury’s cash needs. Last week in "The Wrap," we noted that real gasoline prices, adjusted for inflation, are actually quite low. We also predicted that inflation could touch double digit rates later this year as a result of the US-Israeli war with Iran, but the big driver of inflation remains the federal debt.
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May 2510 min read
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