Finn Kydland and Edward C. Prescott (KP), the 2004 Nobel laureates in economics think that technological shocks can explain 70 percent of economic fluctuations in postwar US data. Unfortunately their quantitative methods are simplistic and ignore the real problem: central banking.
If we regard nationalism as necessarily harmful, we end up supporting the Soviet Union, and every empire and two-bit dictator who manages to hammer together a variety of disparate groups under a single national banner.
The Fed's balance sheet has risen to $4.1 trillion from $3.7 trillion in August. Nomi Prins discusses what this policy shift means and what it portends for 2020.
The Iraqi parliament response to the recent US airstrike — expelling all US troops from Iraq — suggests that an escalation of the ongoing US-Iran conflict would not be as simple as pro-war factions of the US regime would like it to be.