When the South African government first proposed to enact a law permitting them to expropriate any property without compensation, the then conservative UK Prime Minister Teresa May said this would be fine as long as the government does it legally. She missed the point. The whole purpose of the law was to ensure that it is legal for the government to do exactly that.

Politicians of both parties constantly say and do things that make no sense in terms of the goals they publicly claim to be pursuing.

According to minutes from the US Federal Reserve’s April meeting, a majority of officials thought that higher interest rates may become necessary to combat a resurgent inflation. According to the minutes, a majority of the participants highlighted that “some policy firming” would likely become appropriate if inflation were to continue to run persistently above the Fed’s 2 percent target.

But would a higher interest rate stance counter inflation? The key here is the definition of inflation.

Democrats and Republicans have been arguing over the issue of election integrity ever since Donald Trump lost to Joe Biden in the presidential election of 2020. A key feature of this debate is the question of whether illegal immigrants are voting in American elections. Many Republicans maintain that significant numbers of them are indeed voting in our elections. Their real concern, of course — Republicans being Republicans — is that illegal immigrants supposedly vote overwhelmingly for Democratic candidates.

Bills and orders

For more than 15 weeks, the U.S. and other countries have had to dip into oil tanks and strategic reserves to make up for the millions of barrels of oil trapped behind the strait.

It turns out printing $6 trillion during the Covid Panic has some longer term effects.