This will cause some heads to explode within the various free-market and interventionist religions, but market forces born of production decide which currencies circulate, not central banks or presidents. Which means Javier Milei is wise to not dollarize.
If Javier Milei Trusts the Markets, He Doesn’t Need to ‘Dollarize’ Read More »
When banks acquire capital expensively, they don’t just acquire cash. They put it to work, albeit in securities approved of by regulators. Highly liquid securities. Think government bonds, or more specifically U.S. Treasuries.
Bank Capital Requirements Are So Much More Expensive Than the Capital Read More »
To a high degree, Arizona has been made great by people who appreciated the state’s less government is better government approach to governing.
Arizona Pols Play Politics With Its Pro Business Reputation Read More »
The happy, market truth is that no individual, no business, no city block, no city, state, or country ever needs to worry about having too much or too little money.
Relax, the Fed Can’t Do What David Stockman Thinks It Can Read More »
In her latest opinion piece for the Washington Post, economics writer Heather Long observed about Federal Reserve Chairman Jerome Powell that “Many had predicted he would be Dr. Doom who caused a recession.” Yes, many predicted just that, but not all.
The Federal Reserve’s Sizeable Irrelevance Is The ‘Inflation’ Lesson Read More »
In short, California already has a wealth tax whereby it arrogates to itself far too much of the fruits of rich people and rich company production. There’s the cause of the debt. Simple stuff.
California Already Has a Wealth Tax, That’s Why It Has So Much Debt Read More »
What’s a more immoral leave-behind to the sainted “grandchildren”? Debt that investors line up to purchase at the lowest rates in the world, or a massive, resource-swallowing government that achieved gargantuan size without any debt?
The Crisis Is Not the Debt Reckoning, It’s the Extraction That Leads To It Read More »
FTC Chair Lina Khan’s aversion to big is well established, as is the EU’s. Imagine if Khan had headed up the FTC in the 1990s? Other than her age, the notion isn’t outlandish.
Would Lina Khan and the EU Have Blocked Amazon’s Acquistion? Read More »
Regulators routinely fall into the trap of fighting yesterday’s battles, wasting taxpayer resources, and subjecting American businesses to legal harassment with zero foresight into how an industry will evolve.
Apple Vision Pro Is Set to Shame FTC Storytellers Read More »
Printed money isn’t the same as circulated money. Not by a longshot. That’s why the dollar circulates so heavily in countries not the U.S., and that have their own currencies
More Than They’ll Admit, Left AND Right Buy Into MMT Fiction Read More »
