American capital markets — stock exchanges, bond markets, over-the-counter markets for securities and derivatives of all types — are often praised as paragons of free-market dynamism. But beneath that reputation…
Category:
Economy
-
-
Daniel Flynn’s recent biography, The Man Who Invented Conservatism: The Unlikely Life of Frank S. Meyer, sheds an interesting light on the origins of American conservatism. It also provides an…
-
According to reports released this past summer, 80 percent of the Sustainable Development Goals (SDGs) are off track for the UN’s 2030 target, and progress on more than half of…
-
“The welfare state as we know it today can no longer be financed by our economy.” With that single sentence, Chancellor Friedrich Merz broke one of Germany’s and Western Europe’s…
-
President Trump last week ended trade talks with Canada because of an advertisement sponsored by the Ontario government featuring snippets of a 1987 speech Ronald Reagan gave, explaining the dangers…
-
On Wednesday, the Federal Reserve lowered its federal funds target range by 25 basis points, to 3.75–4.0 percent, its second cut in as many meetings. The move came as no…
-
When a sharply lower price per gallon pops up at local gasoline pumps, it can induce a momentary cognitive dissonance. I mean, where is inflation? During the first 10 months…
-
Electricity prices have moved from the background of daily life to the front lines of politics. What was once a quiet household expense is now a visible burden and a…
-
Thirty years ago, Congress failed by just one vote to send to the states a constitutional amendment requiring a balanced budget. Today, federal debt held by the public stands at…
-
Since taking office as Argentina’s president in December 2023, Javier Milei has done something remarkable. He has reduced the annual inflation from 211 percent to 33.5 percent and balanced the…