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War and Foreign Policy
The Ukraine crisis arrives in the middle of an evident slowdown of the largest economies after the placebo effect of massive stimulus plans has already worn off.
Money and Banks
Like America's central bank, the European Central Bank can't let interest rates rise without facing some big negative repercussions.
Global EconomyProtectionism and Free Trade
This week's avocado ban—and the behind-the-scenes regulatory regime governing avocado imports—reminds us that there is no such thing as free trade between the US and Mexico.
Big GovernmentEconomic Freedom
Economics starts and ends with scarcity, an inescapable reality of human existence. Antieconomics, personified today by MMT, starts with abundance and works backward.
Zombie companies, which were already a problem in 2019, have not only not been killed off but have multiplied. The zombie apocalypse could be closer than we imagine.
The new cold warriors are gaslighting the public on military spending, claiming spending isn't "keeping up." They want hundreds of billions in new taxpayer dollars.
Progressives will write the history of covid to hide the mistakes of progressive "experts" and to distance themselves from disastrous or pointless policies. They've done it before.
One obstacle to weeding out inflation is the large stock of public debt, which is growing even in countries once known for relative fiscal frugality. This suggests interest rates must be kept low indefinitely.