Which are the most profitable banks in America? Not the private banks, but the government banks—namely the 12 Federal Reserve Banks. In 2011, the 7,357 U.S. banks made an aggregate net profit of $119 billion. Only 12 Federal Reserve Banks … read more
The Obamacratic Party’s raison d’être is to expand the Welfare State. Obamacrats do not believe markets work for healthcare. Obamacrats believe making a profit in the healthcare sector is immoral.
What’s a reasonable expectation for future U.S. economic growth? It’s an important question. Higher growth is critical to avoiding a debt crisis, not to mention improving the American standard of living. Advances in genetics, robotics, artificial intelligence and nanotechnology could bring … read more
