Without serious fiscal reform that checks out-of-control government spending and encourages private-sector growth, Powell foresees another financial crisis--one that would be considerably more disastrous than that of 2008.
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Discerning viewers and readers should keep their eye on this mysterious government agency that suddenly has the power to shut down private industries.
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The CFPB is the progeny of the Dodd-Frank Act, which was supposed to fix the problems that led to the 2008 financial crisis. For some reason, however, the CFPB has been given unprecedented control over financial institutions that didn't have a darn thing to do with the crisis.
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Scott Powell points out that the defense budget, plus general government operations--including police, prisons and courts, transportation, agriculture and basic research--are already being funded by debt-financed deficit spending."
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My friend Glenn Sunshine is writing a terrific series of articles on poverty and the church over at the Institute for Faith, Work, and Economics blog.
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Economist Anne Bradley at the Institute for Faith, Work, and Economics has just released a new research paper dealing with both the economic and biblical/theological issues involved in income inequality.
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