Diagram credit to the U.S. Department of Treasury report, “A Financial System That Creates Economic Opportunities,” June 2017, page 29.The U.S. financial regulatory system is a labyrinth of overlapping, duplicative, dysfunctional, and costly federal government agencies badly in need of...
In the shell game, a street corner huckster places a ball underneath one of three cups. Then after moving the cups around on the table the ball seemingly disappears. That’s not the case. A solid ball doesn’t just vaporize. The...
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...
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 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!” …
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 …
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. …
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 …
