As we approach the end of 2019, gold is on track for a healthy yearly gain. To date, the yellow metal is up over 16% on the year. It’s always interesting talking about gains in the price of gold because when you get down to it, it all depends on when you got into the...
Although we Latin Americans thought Chile was immune to populism, small protests have grown into the largest ones since the nation’s re-democratization in the 90s. Initially, the protestors were groups of students complaining about a raise in the Santiago subway fare...
Well, they did it! The House impeachment hearings were little more than political theater — a partisan fistfight with the majority party coming out the “winner.” In the process, it created the illusion of deep division and disagreement. Devoted Democrats and...
If you think silly and arbitrary bans are a thing of the past, think again. In April, Prince Harry, the Duke of Sussex, proposed banning the popular video game “Fortnite,” saying it was irresponsible to allow kids to play it. “The game shouldn’t be allowed,” said the...
The flood of obituaries that noted the passing of Paul Volcker (1927–2019) last week have almost all lauded his achievement as Fed chair (1979–1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s. Volcker was referred to as the...
“Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from...
In order to establish the state of the economy, economists employ various theories. Yet what are the criteria for how they decide whether the theory employed is helpful in ascertaining the facts of reality? According to the popular way of thinking, our knowledge of...
Since mid-September 2019, the U.S. Federal Reserve has been fighting to contain a liquidity crisis in the nation’s money markets that was caused in large part by excessive spending by the U.S. government. That surge in spending was prompted by “the worst budget deal...
