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Money and Banks
The problem here not that the central bank is "setting" the "wrong" interest rate. The problem is the Fed has long been relentlessly forcing down interest rates to satisfy various politically determined "needs."
Even though Barbados and Jamaica had more similarities than differences when they became independent of Great Britain, Barbados developed its economy much more quickly.
CapitalismThe EntrepreneurWorld History
While Japan made some technological transfers to these places, prosperity came to them later, with the advent of free-market economies.
Big GovernmentThe Police StateWar and Foreign Policy
Another mass shooting, another call for gun control. However, when it comes to mass killings, Washington sets the sorry example.
Central BanksGlobal EconomyMonetary PolicyWar and Foreign Policy
As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge.
The yuan won't topple the dollar as the preferred global reserve currency. But the dollar could commit "suicide" if the US doesn't change its monetary policy in a big way.
Media and CulturePolitical Theory
The recent firing of Tucker Carlson by Fox News has set off speculation as to why Fox pulled the trigger. It's no mystery, writes Michael Rectenwald.
Media and CulturePoliticsStrategyThe Police StateU.S. History
Today is the 30th anniversary of the Waco Massacre in which the media and the government self-congratulated each other in absolving the FBI of any crimes. Nothing has changed since then.