All over the world, there are central banks that are embracing negative interest rates. In an effort to spur economic growth, encourage spending and stimulate lending, jurisdictions have implemented subzero rates to accomplish that goal. So far these initiatives have failed (SEE: Central banks’ negative interest rate policies are already backfiring), but don’t tell that […]
Archives for August 2016
Morgan Stanley thinks Federal Reserve will delay rate hike in September
Will the Federal Reserve raise interest rates or will the United States central bank delay a rate hike once again? Fed officials seem pretty optimistic that a rate hike will happen next month, while the market is open to the idea, too. The CME Group FedWatch tool suggests that there is a 24 percent chance […]
Venezuela banning long lines at bakeries to fight ‘anxiety’
If you want a sign that central planning, despite its numerous failures, in Venezuela is alive and well then you have to take a look at the latest mandate: prohibit lines outside of bakeries. According to a new report from PanAmPost, the National Superintendency of Fair Prices has implemented a policy of fining bakeries if […]
How Legal, Branded Heroin Would Make Drugs Safer
By: Chris Calton In a free market, consumer goods are remarkably heterogeneous. We don’t just buy ketchup, we have to choose between regular, organic, reduced sugar, low sodium, and umpteen other variations. Just as importantly, we have to choose between Heinz, Hunts, Great Value, and other brands. It was John Henry Heinz, in fact, who […]
Hillary Clinton says it’s not OK for Clinton Foundation to receive foreign donations when she’s president
According to the logic being paraded by Hillary Clinton, it was perfectly OK for the Clinton Foundation to receive foreign donations when she was Secretary of State, but it wouldn’t be OK for the Clinton Foundation to receive foreign donations when she’s president in November. Uh, OK… If there was nothing nefarious going on then […]