Income Tax
Fluctuating Since the 16th Amendment. The Congress has occasionally taxed citizens’ incomes since the Civil War. The Supreme Court declared it unconstitutional in the late […]
Daily Briefing
Memorable Fed Chair Moment
Ben Bernanke. Former Federal Reserve Board Chairman, Ben Bernanke, in this informative, yet somewhat dated, 60 Minutes interview.
The Federal Budget
Process and Amounts. The federal budget process is defined by the Constitution, congressional statutes, and the executive policy agenda. It follows the general lawmaking process, […]
The Fed and Monetary Policy
Briefly Explained. The Federal Reserve Board is a Progressive Era independent government agency that controls and manipulates the money supply against the reserve. By altering […]
MacArthur Dismissed
Truman fires MacArthur. On this day, April 11, in 1951, President Harry Truman relieved General Douglas MacArthur of his duties as the U.S. commander of […]