Lately, no matter if the federal government is spending taxpayer dollars or losing them, it doesn’t mess around with small change. The government allocated $4.6 trillion just in COVID relief spending, tens of billions of which have been siphoned off...
Russia Hits Europe in the Bread Basket
It’s autumn in Europe, which for European farmers means it’s time to start placing orders for fertilizer for the spring. Of course, prices have been much higher recently. World nitrogen prices are up significantly since the start of 2021, driven by elevated demand for agricultural produce and pandemic-related supply disruptions. European prices of natural gas …
Money Flooding Into US From Overseas
Money from overseas is pouring into the US capital markets, which foreign investors regard as a haven in a world that’s increasingly unsafe for them. Their mantra is “TINAC: There is no alternative country!” …
Tactical Nuclear Weapons
There has been endless speculation that Russia might use nuclear weapons in Ukraine. Given that Russian President Vladimir Putin has mentioned their use on several occasions, that concern is clearly justified. Given that mentioning something can either indicate intent or simply be a bluff, there is reason for scrutiny. Either way, a discussion of nuclear …
Price Controls Have Failed for 4,000 Years—and Humans Still Haven’t Learned
The people of ancient Eshnunna can be forgiven for not understanding why price controls are harmful. Today’s policymakers, who have the benefit of history and economics, have no excuse. …
Policy watch: What Liz Truss will do on the key issues facing Britain
With the economy stalling and just two years until the next election, the new PM faces a race against time to deliver on her agenda …
In Chile, the Rejection of a New Constitution Won’t Put the Issue to Rest
In Chile, the rejection of the constitutional rewrite will likely increase civil unrest and spur further efforts to implement constitutional changes, leading businesses in the extractive industry sector to take a wait-and-see approach in making large financial decisions. On Sept. 4, Chilean voters overwhelmingly rejected the 2021-2022 constitutional rewrite, …
John A. Allison Discusses ‘The Financial Crisis and the Free Market Cure’
