Category Archives: Business & Economy

Are “Private” Universities Really Private?

Jeffrey Selingo raises an important point about the distinction between “public” and “private” universities, but I disagree with his analysis and recommendation. Other Business & Economy Higher Meat Prices as Cattle Producers See Lower Prices, Texas A&M’s Dr. David Anderson Tells Us Why [VIDEO]May 19, 2020U.S. National Debt at Record $25 trillion, Budget Deficit in April at $738 BillionMay 15, 2020 […]

Read more

A Portrait of the Classical Gold Standard

“The world that disappeared in 1914 appeared, in retrospect, something like our picture of Paradise,” wrote the economist Cecil Hirsch in his June 1934 review of R.W. Hawtrey’s classic, The Art of Central Banking (1933). Hirsch bemoaned the loss of the far-sighted restraint that had once prevailed among the “bankers’ banks” of the West, concluding that modern times “had failed […]

Read more

A Patient Fed Considers Losing Patience

I have always argued that quantitative easing and zero percent interest rates were misguided policies to combat economic weakness. But as the years went on, misguided turned into irresponsible, which led to ridiculous, and then turned into dangerous. But lately, the only word that comes to mind is “surreal.” How should we react when central bankers begin to speak like Willie Wonka? Share This […]

Read more

U.S. Government Debt Is Now at a Once-Unimaginable Level

Earlier today I was looking through some old records, and I came across a flyer for a symposium in which I participated at Seattle University early in 1990. The flyer announced the symposium topic by asking: “A $3 Trillion National Debt: Does It Matter? What Can We Do About It?” Share This ArticleFacebookTwitterPinterestLinkedinemail

Read more

Unnoticed Event Provides Visual and Metaphorical Symbols Defining Current State of Global Economy

Last week a scene unfolded in Athens, largely unnoticed by American eyes, that provided all the visual and metaphorical symbols needed to define the current state of the global economy. Hollywood’s best screenwriters couldn’t have laid it out any better. Share This ArticleFacebookTwitterPinterestLinkedinemail

Read more

Fed Yearns for Higher Inflation to Disguise Asset Bubbles

Recent statements by Federal Reserve officials would lead just about anyone to believe that one of the bank’s central missions has always been to guard against the lurking threat of deflation. They warn that since official inflation has remained below the Fed’s 2 percent target for almost two years, the country is liable to fall into a stagnant morass unless the Fed acts boldly to hit its […]

Read more
1 14 15 16 17 18