The need to inject more than 270 billion US dollars into the short-term money market teaches us that liquidity is much lower than the Federal Reserve estimated and the agents’ debt much greater.
The EnvironmentFree MarketsSocialism
There are only two ways to solve environmental challenges: competition and technology. That requires capitalism, not the government.
Big GovernmentThe EnvironmentInterventionism
Europe is seeing the dangers of allowing demagogy to dictate energy policy.
Global EconomyMoney and BanksMoney and Banking
The eurozone economy is slowing down. The solution isn't more fiscal and monetary stimuli.
The slowdown of the European economy is a disaster considering the enormous stimulus we are immersed in.
Financial MarketsGlobal EconomyMoney and Banking
If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.
The FedMoney and BanksU.S. EconomyMoney and Banking
With the economy growing at 2.1%, unemployment at 3.6%, creating 170,000 jobs per month, and estimated underlying core inflation of 2%, no objective data justifies cutting rates that are already artificially low.
Financial MarketsMoney and BanksMoney and Banking
The fact that the most conservative investors are being forced to purchase bonds of nearly bankrupt companies for virtually no yield is not a success of monetary policy nor a tool for growth.