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Cronyism and CorporatismMonetary PolicyProtectionism and Free Trade
Two nations famous for hyperinflation now look to create a common currency. Unless that currency is gold, this is a bad idea.
Money and BanksU.S. History
The FOMC's publicly stated predictions of its own future behavior are essentially useless as accurate predictors of future events. This has been illustrated over and over.
Bureaucracy and RegulationCapitalismLegal System
China has created a crackdown cycle that is hurting the entrepreneurial spirit.
Booms and BustsCentral BanksThe FedMonetary PolicyU.S. Economy
While President Joe Biden's White House continues to give happy talk about the economy, some major economic storm clouds are brewing. The future does not look good.
CapitalismCentral BanksEconomic PolicyMoney and Banks
For nearly three decades, the Japanese economy has slowly imploded under low interest rates and heavy government debt. It may soon be time to pay the piper.
Bureaucracy and RegulationCapitalismProgressivismU.S. Economy
One of the modern progressive buzzwords is "stakeholder capitalism," in which people with no direct connection to a firm somehow have a "stake" in what the firm does. It is an incoherent term.
The government can't return the SS money it stole in the past. It's impossible. That money's gone. Taxing today's workers to "pay back" pensioners is just creating a new group of tax victims.
Money and BanksU.S. EconomyWar and Foreign Policy
By itself, the end of the petrodollar won't destroy the dollar. But it will continue a trend that weakens both the dollar and the US regime's power.