Category Archives: Business & Economy

Government Debt Driving Chicago the Way of Detroit

Can the economic health of the nation’s largest cities tell us anything about the health of the greater economy? Perhaps. Other Business & EconomyFood Safety Courses On June 6, June 13 In WacoMay 23, 2022Registration Opens For Texas A&M Beef Cattle Short CourseMay 23, 2022Texas A&M Board Takes Next Step Toward Fort Worth ExpansionMay 19, 2022New AgriLife Extension Programs To […]

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Monetary Policy Will Bring Stock Disaster; 30-40% Correction Ahead [Video]

Renowned investor Bill Gross warns in his latest investment outlook that the stock market’s bull supercycle is coming to an end. Gross believes that the “new normal” of zero-percent interest rates and growing government debt will push asset markets into a new era of very low or negative growth. Share This ArticleFacebookTwitterPinterestLinkedinemail

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Do We Want High Prices or Low Prices?

In an almost daily debate over economic and monetary policy politicians complain if prices — such as home prices — do not rise, and some complain if they think other prices — such as health care prices — are going up too much. This situation begs the question: do we want rising prices or falling prices? Share This ArticleFacebookTwitterPinterestLinkedinemail

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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 […]

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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 […]

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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

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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

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