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Labor and WagesPoverty
The high cost of living in California — fueled by government regulations and taxes on the middle class — means the state now has some of the worst poverty and homelessness of any state.
Bureaucracy and Regulation
Local governments think the key to "smart" downtown development is to restrict parking, and force people to take a bus. In reality, people just decide to avoid downtown, thwarting efforts at development.
Central Banks now have an alphabet soup of policy tools. But it's all radlly just more of the same — that is, inflationary easy-money monetary policy.
Global EconomyWorld History
As it celebrates 70 years of the "People's Republic," China shouldn't forget its rise was made possible by its turn away from communism.
Financial MarketsGlobal Economy
There seems to be an increasing consensus that a global recession is coming soon. The good news is that the Spanish private sector is much better prepared than it was in 2007.
The FedFinancial MarketsMoney and Banks
Central banks pretend all these benefits come at no cost to anyone. Unfortunately, we all ultimately pay the price.
Booms and BustsFinancial MarketsGlobal Economy
While much of the media remains focused on Trump and trade, the greatest threat to the Chinese economy may be reckoning with a massive financial bubble from within.
Decentralization and SecessionGlobal EconomyTaxes and Spending
The establishment media are still wrong-footed on Brexit. Johnson's hardball approach could be a big win for the UK.