In June 2024, the European Central Bank (ECB) began lowering its key interest rate. Borrowing costs were reduced from 4.5 per cent to 2.5 per cent in March 2025—which, after accounting for the officially measured inflation, is almost zero per cent in real terms. The time when euro deposit holders could achieve a positive real interest rate was very brief.
Was Russia provoked into the war in Ukraine? Certainly. However, gaslighting was involved as well; not by Scott Horton’s Provoked, but—as he expertly details on page after page—by the US government and its organ—the establishment media.
According to a report last week from NBC News, the Trump administration is considering launching drone strikes against cartel leaders and infrastructure in Mexico.
If the report is accurate, it shines more light on the rumored discussions within Trump’s team about engaging the cartels militarily in an effort to stop, or at least hamper, the flow of fentanyl across the southern border.
FOX commentator Charles Payne recently repeated Pat Buchanan’s old post hoc, ergo propter hoc fallacy (After this, therefore because of this) about tariffs in a Breitbart column. The fallacy goes like this: 1).
Everyone will agree that the American tax system is a mess. Taxes are far too high, and the patchwork system is so complicated that even IRS officials don’t understand it. Hence the evident need for some sort of dramatic, even drastic, reform. As often happens, a group of dedicated and determined reformers has arisen to satisfy that need. But before we embrace this new gospel, we should heed the old maxim about jumping from the frying pan into the fire, and also remember the warning of the great H.L.
On March 16, members of the Trump administration appeared on the Sunday morning network talk shows arguing that retaliatory tariffs are necessary for revitalizing American industries by promoting a “fair” international trade regime. On CBS’s Face the Nation broadcast, Secretary of State Marco Rubio offered this justification for retaliatory tariffs:
I have heard a lot of Republicans and conservatives warn about the fiscal crisis that will come from the increase in government debt, not just in the US, but all over the world. I didn’t seem to get it, partly due to the fact that we have not had an “official” crash since 2008 and government debt has ballooned globally. Last year, I decided to really study to know why.
Human beings are individuals as well as members of groups. Due to the prevalence of stereotypes and prejudices in relation to groups, it is often thought that there is not much point in individual members of disadvantaged groups attempting to make economic progress. The prevailing notion, which is rooted in egalitarian ideologies and interventionist policies, is that economic progress is impeded by membership of a disadvantaged group.
