Negotiations over increasing the federal debt ceiling continue in Washington. As has occurred several times over the past twenty years, Republicans and Democrats are presently using increases in the debt ceiling as a bargaining chip in negotiating how federal tax...
So, Elon Musk sure shook things up the other day with his interview on CNBC where he dared to break the Fourth Wall of media when he took a shot at George Soros comparing him to Magneto from Marvel’s X-Men. It’s a brutally funny exchange as Musk carefully measures his...
The big news this week was Tucker Carlson’s unceremonious firing by Fox News. The reasons for Tucker’s firing are still unclear. And even Tucker’s emergence from his man cave on Tuesday for two minutes did nothing to quell the speculation. What it did do was...
Last week the House passed legislation increasing the debt ceiling. The bill was supported by all but four Republicans. For some Republicans, this was the first time they had ever voted for a debt ceiling increase. Perhaps the reason they did so this time was because...
Earlier this month, Larry Kudlow insisted that it is "it's incumbent on the U.S. government, no matter who's in power, to maintain the reserve currency status of the dollar." Kudlow laments that a toppling of the dollar from that perch "seems to be the direction we're...
One of the hallmarks of authoritarian countries is that the media is state-run or under the direct supervision or control of the government. The Xinhua News Agency is the official state news agency in China. Al-Akhbar, Al-Ahram, and Al-Gomhuriya are state-owned...
Future historians may say that the most significant event of 2023 had nothing to do with Donald Trump, other 2024 presidential candidates, or even the war in Ukraine. Instead, the event with the most long-term significance may be one that received little attention in...
In the twentieth and early twenty-first centuries, political hurdles and economic roadblocks have prevented the rise of a properly free and healthy society. Competitive pressures have allowed new inventions to be created and competitive barriers have helped innovative...
Every time the United States reaches its debt limit, we read that it is important to reach an agreement to lift it. The narrative is that the debt ceiling must be raised, or the US economy will suffer a severe contraction. There is even an episode of a TV series,...
Trust is apparently an extremely elusive concept to implement. If you read The New York Times or Washington Post, you are told not to trust Fox News nor Newsmax nor OANN. If you listen to Fox News you are told not to trust the NYT nor WaPo nor CNN nor MSNBC. And they...
The Wall Street Journal today brings word that a professor Efraim Benmelech of the finance department at Northwestern University thinks the Fed is hurting housing and the consumer too much. Opined he, ...those higher interest rates are making mortgages more expensive...
After French protestors took the street to complain about the increase in the retirement age, I read quite a few jokes in social media about how protesting in France is the local pastime. That may be true, but let it not be said that Americans don't feel very, very...
On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the U.S. dollar,...
I find the self-anointed gatekeepers who claim to be the sole arbiters of the truth very amusing (also pathetic). Apparently if you want to accumulate unsustainable deficits, inadequately fund liabilities, print an infinite amount of money, and engage in never-ending...
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