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Turkish President Recep Erdogan has dug himself into a deep currency crisis hole through his eccentric economic policy views. Yet, judging by last week’s...
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Turkish President Recep Erdogan has dug himself into a deep currency crisis hole through his eccentric economic policy views. Yet, judging by last week’s...
When it comes to major economic imbalances, the most dangerous five words that economic policymakers can utter are “this time will be different”. By...
In the 1970s, we learned at a considerable expense that inflation can come in two basic varieties proving that America’s inflation problem won’t go...
Over the past two decades, a disturbing weakness of Federal Reserve policy has been its almost exclusive focus on the short-term attainment of its...
The United States government enjoys a major advantage over the governments of most countries, including those in the European Monetary Union. It borrows in...
It is said that the road to hell is paved with good intentions. Judging by our recent stubbornly high inflation numbers and the bubbles...
Last year, in his all-important annual Jackson Hole Speech, Federal Reserve Chairman Jerome Powell announced a major monetary policy shift that now seems to...
U.S. President Herbert Hoover famously observed that blessed are the young for they shall inherit the national debt. If ever there was a time...
Yesterday’s intimation by the Federal Reserve that it would soon start tapering its aggressive bond-buying program, casts a dark cloud over the stock market’s...
In the 1950s, then-Federal Reserve Chairman William McChesney Martin famously observed that “inflation is a thief in the night and if we do not...