Nicole Gelinas, New York Post
This week, the Federal Reserve likely will vote to cut interest rates — when it should be raising them. If the economy is so dependent on low interest rates that a near-record-low rate of 2.4 percent isn’t low enough, there is something wrong with the economy, and piling on more cheap debt will make the crash that much harder. Since the financial crisis of more than a decade ago, America and the world have gotten dangerously addicted to debt. The Fed has fed the addiction. Read more here....
A Federal Reserve report warns about Americans’ declining mobility—but should remaining committed to one’s community be regarded as a fault?
Ramesh Ponnuru | Bloomberg Opinion