In 1961, with global politics chilled by the looming Cold War, President Dwight D. Eisenhower delivered his farewell address, warning the nation of a military-industrial complex. “In the councils of…
Category:
Economy
-
-
The reported death of US dollar dominance has been greatly exaggerated. The dollar’s demise has been repeatedly prophesied, supposedly threatened by any number of currencies including the euro, the yuan,…
-
The American housing market is no stranger to boom and bust cycles, but the current slowdown in existing home sales is remarkable both for its scale and its stubbornness. With…
-
In August, the Associated Press reported that Nigeria had passed a law prohibiting the export of raw shea nuts — a key ingredient in many cosmetics. Shea nuts are big…
-
Argentina’s recent $20 billion currency swap agreement with the US underscores the delicate balance of economic reform and the vital need for liberalization. Last month, there was a sudden run on the…
-
Creating a long list of the familiar flaws in protectionists’ thinking is easy. Protectionists don’t realize that, although trade ‘destroys’ some particular jobs in the domestic economy, trade simultaneously creates…
-
Five years ago, The CARES Act authorized the Federal Reserve to create emergency lending facilities in the name of aiding the US Economy during the COVID-19 economic downturn. In a…
-
Activists from the left have tried to “cancel” me multiple times. I lost an academic job opportunity despite the support of a large majority of the department and the dean…
-
New York City, the bastion of global capitalism, is on the verge of electing its first socialist mayor, Zohran Mamdani. Many of his socialist visions for the metropolis fail basic economics. Worst…
-
President Donald Trump recently revived a proposal he first raised during his earlier time in office: eliminating the requirement for publicly traded US companies to release quarterly earnings reports, instead…