Central bank independence isn’t just wonky economic theory. It’s a stabilizing force in fiat money-using economies. When shortsighted politicians control monetary policy, the public suffers. Consider that with a 10…
Category:
Economy
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The Organization for Economic Co-operation and Development’s (OECD) latest economic outlook should serve as a wake-up call for Washington. While the organization upgraded global growth to 3.2 percent in 2025…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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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…