Category: Business & Economy

The headlines tell us that the Dow Jones is up around 1,000 points since Donald Trump won the election on November 8th. The conventional wisdom is that this shows how much confidence people have in Trump’s ability to generate a healthy American economy. The argument is that if people are willing to buy stock in American firms, this indicates their belief that those firms will see improving profits over the next few years. They then draw the conclusion that more profitable firms indicate a healthier American economy. Although this argument is correct about stock prices reflecting an increasing belief in the profitability of US firms, it makes a major error in assuming that profitable firms necessarily mean a better economy.

While giant numbers like $20 trillion sound abstract and meaningless, converting them to debt-per-capita can make things more intuitive. While many are rightly concerned about what Trump policies mean for government debt, it is the Belgians, Singaporeans, Irish, and Japanese that should really be worrying…

With a long history behind it the American Dollar continues to be the world’s reserve currency. But, with all the unrestrained printing going on by Washington in collusion with the Federal Reserve, how much longer can it last?

The national debt and cutting government spending simply are not topics the voters care about anymore.

Thousands of people recently demonstrated in Brussels against free trade deals negotiated by the EU. This happened just days before a meeting of EU trade ministers in Bratislava last month, which was considered the last push to...