According to POLITICO, a coalition of labor and community groups are pressuring the Federal Reserve under Chairman Jerome Powell to implement six specific action items. These groups hope to influence President Biden’s decision to reappoint Chairman Powell. It is not uncommon for special interest groups to lobby for or against certain Federal Reserve policies, but it is concerning to see such blatant politicization of the supposedly independent Federal Reserve.

In stating its demands of the Federal Reserve, the activist group Fed Up recently released a report urging the Fed “to take six specific actions that go beyond the central bank’s…

Labor unions force moderate Democrats to pass a critical litmus test for 2022

On April 21st, unions threatened Senate Democrats to back the PRO Act or else they’d drop their support, reports POLITICO. Rarely is there such a blatantly obvious example of special interests groups effectively extorting politicians to institute kickbacks or else lose campaign dollar support. Unions are specifically targeting three Senators who represent the more moderate or center-left wing of the Democratic Party: Senators Mark Kelly, Kyrsten Sinema, and Mark Warner.

Unions are well aware that the PRO Act is unlikely to pass under the current 60 votes…

The question of increasing the minimum wage has been at the forefront of public debate. Often, the argument is as follows: businesses should be forced, under threat of government force, to pay their employees a higher wage and if they are not able to do so then they should go out of business. Of course, this argument is empathetic on the surface-level. However, this line of thinking ignores the implications of implementing a high wage floor.

A minimum wage is “a legally mandated price floor on hourly wages, below which non-exempt workers may not be offered or accept a job,”…

In the days since the 117th Congress passed a $1.9 trillion COVID “relief package,” there have been numerous conversations about the provisions in the spending package. The “relief package,” also known as the American Rescue Plan Act of 2021, includes numerous popular provisions such as another round of direct payments up to $1,400 to many Americans, “extends additional, enhanced unemployment aid to millions,” and substantial changes to the tax code “to benefit families with children,” according to The Washington Post. In highlighting some of the package’s successes, some corporate media outlets ran headlines like “Biden stimulus showers money on Americans…

Former Chief of Staff for President Obama Rahm Emanuel once said, “You never want a serious crisis to go to waste.” This mantra has been a constant under recent progressive-led governments. To be sure, this mantra has been co-opted generally by those seeking to enhance the powers of the State; this sentiment has been especially prominent in the aftermath of the 2020 U.S. Presidential Election and the January 6th Capitol Riot. …

Technological innovation and the transfer of many aspects of everyday life onto the Internet has been a boon to society at-large. Few can dispute this. Family members across the country can connect via video calls in seconds, individuals can deposit funds near instantaneously, self-driving automotive technology has begun deployment, and many jobs can be done 100% remotely. All of this is possible due to the extraordinary computing technologies that have been deployed, the global trade in precious metals and energy resources, and our digital infrastructure.

In order to constantly improve many of technologies, our systems rely on large quantities of…

National Democrats have been “devastated” since Citizens United v. Federal Election Commission in 2010. At every turn, they have pointed to nefarious “dark money” being used to fund political groups or causes they find repugnant. Senators Sheldon Whitehouse and Elizabeth Warren recently called out social welfare organizations organized under section 501(c)(4) of the Tax Code. In a letter to the new Secretary of the Treasury, Janet Yellen, the senators urge Secretary Yellen to “rein in abuse by ‘dark money’ organizations.”

The two senators call out the “tsunami of slime” resulting from the Supreme Court’s decision in Citizens United. As they…

“We are in the beginning stages of a civil war,” tweets the 20-something guy working from his parents’ home while he escapes his apartment in New York during the pandemic. The “civil war” he is referring to is the massive protest, turned insurrection, mobilized, in part, by President Trump’s incendiary rhetoric at the United States Capitol Building. A rally turned march on the Capitol quickly escalated into hundreds, if not thousands, breaching the line law enforcement established. …