A little known facet of the banking system has been circling the news media this month, and it’s been throwing the financial world for a loop. People who are extremely well-versed in how the banking system works have been left… Read More ›
Is This Full Employment?
The economy is doing well. Our last quarter’s annualized GDP growth was 4.2%, inflation has stayed moderately high, but below 3%, and foreign investors continue to pour capital into U.S. markets. We have even begun to see wage growth previously… Read More ›
Currency Adjustments and “Contagion”
Today I want to talk about debt. Not the kind you think about when you see headlines about student loans, credit cards, or the federal budget. No, this is a very special kind of debt, a kind you likely will… Read More ›
Fiscal Policy Part 2 – A Primer on Tariffs
If you haven’t been living under a rock for the past half year or so, you likely saw some variation of this headline on the news: “Trade war heating up with China and/or the EU and/or Canada and/or Mexico!” “Trump… Read More ›
Why is GDP Growing Slower?
In my last post, I brought up the idea that Tax Policy should not be measured in terms of GDP, and that GDP is, broadly speaking, in a prolonged period of slowing growth. Today, I want to take a closer… Read More ›
On Interest Rates, Inflation, and the Business Cycle
If you have read the first few posts on this blog, you have surely noticed that I talk about interest rates a lot, and inflation only a little. If you know nothing about rate structures, or wonder why I don’t… Read More ›
The Case for the American Sovereign Wealth Fund
We’ve seen it many times. The natural disasters, the foreign entanglements, the income inequality. All reasons for people to want the government to spend more money, yet nobody wants the government to actually spend any more money! Spending more money… Read More ›