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A specter is now haunting the emerging market economies. It is the specter of U.S. economic overheating that will raise interest rates and provoke...
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A specter is now haunting the emerging market economies. It is the specter of U.S. economic overheating that will raise interest rates and provoke...
Judging by Fed Chief Jerome Powell’s recent pronouncements, today’s slightly higher than expected consumer price inflation numbers are almost certain to be dismissed by...
Today’s blowout job numbers are wonderful news for the U.S. economy. They suggest that, even before President Biden’s massive budget stimulus took effect, the...
President Trump approved $900 billion in stimulus spending in December and President Biden approved another $1.9 trillion in March. Biden is set to propose...
Anyone who thinks that we are not on the road to another round of the Eurozone debt crisis has not been paying attention to...
Three years after the Tax Cuts and Jobs Act took effect, Democrats in Congress are ready to roll back some of the most critical reforms. The...
After a lifetime studying monetary policy, Milton Friedman famously concluded that inflation was always and everywhere a monetary phenomenon. He also concluded that monetary...
Monetary policy can only do so much: it cannot permanently increase the wealth of a nation. That is the lesson from economic history. In...
Today’s very strong job numbers have to raise a basic question that economic policymakers would ignore at their peril: Does the U.S. economy really...
Japan was the first country to run scheduled passenger trains faster than 125 miles per hour. Since then, France has run faster trains and China has built more...