National Security Advisor John Bolton has not been surprising. While everyone expected a rush to war with North Korea, permanent occupation in Syria, and the continued battle in Afghanistan, President Donald Trump has been able to limit the neoconservative influence. Despite Bolton increasingly itching for another conflict, the military might has been contained. Until now… […]
Archives for January 2019
Fake news data scandal hits Japanese government, Abenomics under pressure
The Japanese government has a fake news problem, and it is impacting monetary policy at the Bank of Japan (BOJ). Flying under the radar this week was the news that officials uncovered a data scandal that is forcing others to take another look at Abenomics. The Ministry of Internal Affairs and Communications discovered that nearly […]
Italian populists give out free money to fight poverty
This is the problem of populism: sure, it rails against the establishment, but their economic policies are just as horrific – even more so. Case in point, Italy and its so-called citizens’ income. With the Five Star Movement rising to power, the government is rolling out its basic income program. For households earning less than […]
MMT: What is this monetary policy AOC, other leftists are advocating?
By: Andrew Moran What’s old is new again. Like those teenagers who comb through their grandparents’ treasure trove of Motown vinyl records and declare themselves to be aficionados of the genre after listening to “It’s the Same Old Song” just once, so too are young leftists embracing Modern Monetary Theory, or MMT. And, as in […]
Peter Schiff was right? CBO says Federal Reserve to cut interest rates in 2023
The Federal Reserve is gradually raising interest rates from historic lows. While the central bank is potentially taking a breather to assess the data and give the stock market a break, the Eccles Building is moving ahead with rate hikes – they’ll be more aggressive when inflation hits. But not everyone thinks the Fed is […]