Last week Peter appeared on the Futures Radio Show podcast with Anthony Crudele. In their interview, they discuss the factors affecting gold’s price, why the Fed can’t control inflation, and the viability of Bitcoin.
President Joe Biden is selling the latest proposal to send military aid to Israel and Ukraine as an economic stimulus plan. But this notion that spending money for somebody else’s war somehow boosts the American economy is rooted in a pervasive economic fallacy.
When you boil it all down, Biden is basically saying that the spending isn’t really foreign aid. It’s corporate welfare.
Ron Paul asks the operative question: should that make us feel better?