While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it also empowered the central government to impose tariffs on goods imported from outside the country.
What does ChatGPT know about money? More than one might think. George Ford Smith asks the AI program some questions about money and gets some surprising answers.
September's job numbers were driven by big increases in government jobs and part-time work.
Storms like Helene and Milton ought to drive us to recommit to and expand the very institutions that have made natural disasters more survivable for so many, not to abandon them out of some false hope that bad weather can be eliminated.
The Fed’s specialty is propaganda through data, with a long record of failure. This is by design. Their communication tools must work in overtime, particularly in the face of a decision like this, to avoid “spooking markets”, though this veneer is easy to see through.
Banking systems around the world have huge effects on our lives, yet few people understand how banks work. Worse yet, even fewer understand the malign powers of central banks and how this system undermines economies. Thus, it is important to demystify these systems.
The Fed is desperate for you to think that “this time is different.” Unfortunately, Powell can’t seem to come up with explanation of why that is the case.
The rate cut by the Fed in September 2024 appears to be not much more than another performative song and dance.
The two-percent price inflation target is just a political slogan, and the Fed has many ways of ignoring its supposed two-percent target.
While the US dollar is the world's “reserve” currency—at least for now—the reckless spending and money creation policies of the US government place the dollar in peril.
