Editorials

Presidential attacks on Fed are nothing new

By Rik W. Hafer and Howard J. Wall
    Chairman Jerome Powell delivered expected news following the Federal Reserve’s December, 2018 meeting: The benchmark policy rate—the Federal funds rate—would be raised by 25 basis points, putting it in the range of 2 ¼ to 2 ½ percent. What wasn’t expected was the Fed’s lowered growth projections for 2019. This announcement prompted a drop in stock markets, deepening the downward trend that began in October.  

State lawmakers must follow will of the people

    Associated Press writer David A. Lieb recently had an interesting interview with Missouri Governor Mike Parson. It was interesting in that is should alarm every Missourian because the governor appears to believe Missourians aren’t smart enough to make their own decisions about the issues, something that appears to be a growing trend for politicians across the country.

Are trade deficits bad?

By Robert Singer and Maryann Townsend
    In defense of tariffs already or soon to be imposed upon China as well as other principal trading partners, President Donald Trump clearly expresses his long held position regarding trade policy:
    “Because of Tariffs we will be able to start paying down large amounts of the $21 Trillion in debt…”

Even those on welfare should get unfettered access to medical marijuana under new state law that took effect on December 6

    You probably missed it, but medical marijuana is now legal in Missouri. Our new medical marijuana law, which was approved by voters in the November election, took effect on December 6. Some state residents, however, may have to decide between using the drug under a doctor’s prescription and being able to put food on their table.

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