If our "representatives" in Washington cared anything for fiscal responsibility or keeping costs under control, the US would leave NATO immediately, or at least take a small step in the right direction by expelling Turkey from NATO, ASAP.
It would be a mistake to label Trump as an "anti-war" candidate, but for a voter who's gung ho on military action, Trump leaves much to be desired.
In a private market, households bear the costs of their own unhealthy habits. In a socialized economy, everyone bears these costs, and governments know it pays to emphasize this fact, even if the stats turn out to be wrong.
Back when I taught collegiate political science, one of my pet peeves was the habit of some students to treat republics and democracies as if they were opposites.
Rather than thinking outside the very little teeny tiny box that academic elites have crammed themselves into, it's far easier for those academics to go with what they know and engage in self-serving and circular arguments.
Many US states by themselves have large economies when viewed in a global context. Texas by itself has an economy the size of Australia's.
The latest issue of the Cato Journal contains articles written in honor of Richard K. Vedder, who is strongly sympathetic to the Austrian school of economics.
Negative rates will fail because the problem with the economy is not a problem of too little consumption or demand. The problem stems from a distorted economy caused by manipulated interest rates.
As Martin Armstrong reports, the new version of the venerable board game "Monopoly" set to be released this summer is completely cashless.
With so little time between the denial of even considering negative rates and the actual implementation of rates, one is left wondering,"Why the change of heart?"
