Phase one of the coronavirus-induced economic shock happened with stocks falling 20% and the government and high-grade corporate bonds rallying.
Money creation in the modern economy involves mostly private commercial banks and little to do with the U.S. government.
How the Federal Tax Cuts and Jobs Act Can Help Solve the Public Pensions Problem
The 5th Circuit Court of Appeals ruled on March 15 that the Department of Labor overstepped its bounds in creating the so-called fiduciary rule, parts of which went into effect last year.
DOL Fiduciary Rule timeline has gone through many fits and starts, but eventually, the fifth circuit brought the rule to a halt.
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