Ron Paul analyzes President Trump’s first speech before Congress from a Libertarian perspective and gives him an A- grade for his goals but an F for his methods to achieve them. For example, Trump wants to spend $1 trillion on infrastructure, but there is no money available for that, so it is likely that he will depend on the Federal Reserves to simply print it, leading to more debt and inflation. Paul said that cutting corporate taxes is a great idea, but that spending must also be cut, otherwise, there will be disaster. One of the primary purposes of a just state is to protect liberty, and Paul was disappointed that Trump did not mention liberty in his speech. -GEG
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The Federal Reserve raised the interest rate one-quarter of a percent. In response, the US dollar dropped by 1%, gold rose a bit, and stocks skyrocketed. Debt is soaring while the GDP is falling, which is the forerunner of inflation and depression at the same time. […]