The Fed announced they will maintain near-zero interest rate levels until the end of 2014, the continuation of a policy implemented in 2008 to "spur economic growth." In reality, the Federal Reserve is continuing more of the same that caused the financial crisis in the first place. The Fed caused the crisis by keeping interest [...]
“I do not believe economic conditions are likely to warrant an exceptionally low federal funds rate for so long,” [Federal Reserve Bank of Richmond President Jeffry] Lacker said in a statement on the Richmond Fed’s website explaining his dissent from the central bank’s Jan. 25 decision to pledge keeping its benchmark interest rate near zero [...]
A giant step forward for workers' rights was taken today in Indiana, as their state house passed a Right to Work law by a vote of 55-41. Indiana is now on its way to joining twenty-two other states who have passed such a law. Final approval from the Senate is likely to come soon, and [...]
