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Decentralization and SecessionGlobal EconomyLegal System
Let's set aside the politically tempting task of speculating about what might happen in the event of a No Deal Brexit, what can we say with certainty will happen?
Labor and WagesMoney and BanksMoney and Banking
The Keynesian obsession with avoiding deflation and pushing consumer spending has led to a serious decline in savings and capital accumulation.
Money and BanksMoney and Banking
Five names seem to be emerging as the consistent front runners in the race to become the next head of Britain’s central bank.
The critical question is this: Is the Libra really good — or sound — money? Unfortunately, this question cannot be answered in the affirmative.
The ECB isn't stopping with government bonds. It will end the current monetary experiment with widespread intervention in corporate debt and all aspects of the market, further destroying what freedom still exists in debt markets.
Tory MPs vying for the Prime Ministership mostly all vote alike on taxes and foreign policy. So only the issue of Brexit separates the bad from the very bad candidates.
Markets are already betting that the Fed will re-commit itself to more stimulus and more ultra-low rates. The markets are probably right.
Bureaucracy and Regulation
Tax bureaucrats are very useful in helping politicians abuse their power. Presidents have long used the IRS to harass and attack their political opponents.