Economy Archives - Rethinking the Dollar

How much will the typical American spend on Independence Day 2022?

Jul 3, 2022 | Economy

Last year, the White House was ecstatic because Fourth of July cookouts cost 16 cents less than the year before. This is the same government that celebrated a 2-cent drop in petrol prices in late 2021. How much will Americans spend on a BBQ to gather with family and...

Treasury Department Seeks to Track Financial Transactions of Personal Bank Accounts Over $600

Sep 15, 2021 | Economy

In May, the Treasury Department released the Biden administration’s revenue proposals for fiscal year 2022. One aspect of this document that has gone under-reported is the administration’s new plan for reporting requirements for financial institutions. The...

A Critical Moment In Our History. We Are On The Verge Of The Unthinkable

Jun 22, 2021 | Economy

Over the past couple of years, we have become accustomed to expecting the unexpected, but soon we may have to start anticipating the unthinkable. In this article, I am going to be discussing a couple of potential scenarios that would have been unimaginable to the...

Transitory or Not, Inflation Is Here. It Could Be Much Higher Than You Realize!

Jun 15, 2021 | Economy

I’ve been writing about the possibility of higher inflation for months, and now it looks to have finally made landfall. May’s headline consumer price index (CPI) came in at 5% year-over-year, the highest in over a decade. The real rate is likely even higher. Energy...

The Fed Is Paying Banks Not to Lend!

Jun 7, 2021 | Economy

The Federal Reserve has added $2.6 trillion to the US economy since the start of 2020. These actions, along with recent fiscal spending programs, have caused many economists to worry about the risks of price level inflation and overheating of the economy, potentially...

ALL Inflation is Transitory

May 21, 2021 | Economy

The Federal Reserve has recently started to use the word “transitory” when describing inflation pressures in the U.S. economy. What they’re trying to indicate is that we shouldn’t worry, the pressures we are seeing right now will eventually pass. But that’s...