Energy Used to Create Bitcoin
Leading cryptocurrency Bitcoin doesn’t come out of nowhere. It is “mined” by solving large, complex math equations. The computers that solve them need [...]
Global Tax Deal
G7 nations reached an agreement on a global minimum tax over the weekend after years of discussions at the OECD. At a basic [...]
President Biden’s Green Book
On May 28, the Biden administration released its revenue-raising proposals in the Treasury Department’s General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals, [...]
Sources of Inflation
Point 1 – Staying at home. Staying home renewed our demand for various physical stuff. If you can’t go to concerts anymore, [...]
Fed Open Market Committee (FOMC) Notes
There were some concerns about persistent supply-chain bottlenecks boosting prices. A number of participants remarked that supply chain bottlenecks and input shortages may [...]
Inflation – The Case for Decelerating Inflation
Van Hoisington and Lacy Hunt argue (as they have been for years) inflation fears are overstated. They believe inflation will moderate by year-end and undershoot the [...]
Important Ages in Retirement
TURNING 50 It’s catch-up time! People 50 and older can contribute $6,500 more to their 401(k)s or 403(b)s each year, for a total [...]
The Fed Announcement
The Fed acknowledged economic improvements and higher inflation but sees price gains as “reflecting transitory factors.” Fed Chair Powell said that “it is [...]