The Council on Foreign Relations Guide to the Steel Tariffs
Introduction In March 2018, President Donald J. Trump announced he will apply across-the-board tariffs, or import taxes, on steel and aluminum. Trump argues that…
Still None, And Even More Reasons To Expect None
by Jeffrey P. Snider The parallels between the last few years and those at the end of the 1990’s are striking. There was a few…
CommonWeal: Forget about the consequences of your actions
Public authorities would be allowed to seize land under the “Public Land Value Capture” proposal suggested by the think tank Common Weal. In short, public…
Central Bank Musical Chairs
If recent stock market volatility is interrupting your sleep, Jim Bianco and CNBC’s Rick Santelli are saying, get used to it. The total assets of all central…
What Is Optimal Monetary Policy, Anyway?
Ever since the important contributions of new classical economists Finn E. Kydland and Edward C. Prescott during the 1970s and 80s, modern macroeconomics seeks…
Stockman: Good Riddance! How “Opioid Janet” Got Wall Street Hooked On Monetary Heroin, Part 2
Janet Yellen deserves exactly none of the adulation being conferred upon her tenure by the mainstream financial press. In fact, her reign will be judged…
Stockman: Good Riddance, Janet, You Were A Colossal Failure, Part 1
This is one for the record books. During Janet Yellen’s last week in office, the Dow dropped by 1,095points or 4.1%. But by her lights, apparently, that wasn’t…
How to Win a Great-Power Competition: Alliances, Aid, and Diplomacy in the Last Struggle for Global Influence
The United States is confronted with a condition in the world which is at direct variance with the assumptions upon which [our foreign] policies…
From the Moneyness Blog: Electronic money will only save central banks from subjugation if it is anonymous
50 SEK banknote issued by the Riksbank in 1960 “Do we need an eKrona?” asks Stefan Ingves, the Governor of the Riksbank, Sweden’s central bank. The…
Homos Economicus: a Largely Irrational Animal
Or ‘How Expected Utility Theory was Successfully Challenged by a Nobel Prize-winning Hypothesis’ By Jessica King 2002’s Nobel prize-winning economist Daniel Kahneman wrote…