All across the economic dashboard, inflation indicators are blinking red. Most recently, the Personal Consumption Expenditures (PCE) index, calculated by the Bureau of Economic Analysis, rose 5.7% from November 2020 to November 2021. That’s the biggest year-over-year...
Since the first assault on Turkey’s finances in 2018, which I wrote about multiple times (here, here, and here), I’ve been the lone voice telling everyone that President Recep Tayyip Erdogan is a lunatic but he’s a lunatic with a plan. That plan is to de-dollarize the...
There is no question. The United States dollar dominates world commerce. In 2019, it made up 88% of global trade, and no other currencies came close. This dominance gave the United States power over any other country that exports anything from anywhere. For example,...
White House Chief of Staff Ronald Klain tweeted on Wednesday: “Stronger COVID measures produce STRONGER ECONOMIC outcomes. That’s why jobs, growth, and economic activity are UP this year, significantly over last year.” Actually, jobs and economic activity have...
What do the Federal Reserve and neoconservatives have in common? They both refuse to admit that their policies—the neocons’ promotion of perpetual war and the Fed's manipulation of the money supply—are complete failures, having produced the opposite of the promised...
Quiet conversations are occurring in the halls of Congress, think tanks, NGOs, and academia on how to continue the enrichment of the public sector elites and their various complexes (military, education, financial, healthcare, and “non-profits”). The “wise men” know...
The Biden administration's rhetoric on the debt ceiling has become nothing short of apocalyptic. The Treasury Department has announced that a failure to increase the debt ceiling "would have catastrophic economic consequences" and would, as NBC news claims, constitute...
Prices convey information, even the price of zero. There is often more latent intelligence signaled by prices than by the claimed good intentions of political zealots—even those on the side of peace and liberty. On the fifth anniversary of the 9/11 attacks, I tromped...
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