Donald Trump told Politico’s Dasha Burns that he gives the US economy an A+++++. He posted on Truth Social, “When will I get credit for having created, with No Inflation, perhaps the Greatest Economy in the History of our Country?” Herbert Hoover had the same view back in 1930.
According to the Modern Portfolio Theory (MPT), financial asset prices fully reflect all available and relevant information, and that any adjustment to new information is virtually instantaneous. For instance, if the central bank raises interest rates by 0.5 percent, and if market participants anticipated this action, asset prices will reflect this expected increase prior to the central bank raising interest rates. Note that, by the MPT, once the central bank lifts the interest rate by 0.5 percent, this increase will have no effect on asset prices since it is already embedded in prices.
When Congress enacted the Farmland Protection Policy Act (FPPA) in 1981, it declared that a “continued decrease in the Nation’s farmland base may threaten the ability of the United States to produce food and fiber.” The statute—together with later summaries—announced a national policy to “minimize” the “unnecessary and irreversible” conversion of f
The ascent to power in Argentina of the first avowed libertarian, in the person of Javier Milei, was seen not only with excitement by many libertarians but also as a moment of truth. Not only did it show that it was possible to get a majority of the electorate of a large country to vote for a radical agenda of freedom, but it also suggested that libertarians might finally be able to show the entire world that the unhampered free market is not only possible, but also highly beneficial for any society.
The countries seen as targets to follow Brexit are Austria, Hungary, Italy and Poland, according to leaked details of the US national security strategy.
On Wednesday, the silver price hit $63.86 per ounce — nearly double its level a year ago — after the Federal Reserve trimmed rates by 25 basis points.
