1+ hour, 36+ min ago   (830+ words) The 16th of November may be considered as the Fourth of July in the economic life of the United States. Coming generations will commemorate it as marking the foundation of our financial emancipation. — Paul M. Warburg, architect of the Federal Reserve…...

1+ hour, 36+ min ago   (731+ words) International Man: The Strategic Petroleum Reserve was created after the 1970s oil shocks to protect the country from severe supply disruptions. Since the war with Iran began earlier this year, Washington has been tapping it again. Is this exactly what the…...

1+ day, 1+ hour ago   (1185+ words) Remember the oil shock? When the fighting closed the Strait of Hormuz this spring, the predictions were apocalyptic. Thirteen thousand flights canceled. Britain, we were told, was days from its last shipment of jet fuel. Analysts penciling in $200 oil, and…...

2+ day, 1+ hour ago   (751+ words) Each person has a different makeup, a different history, different information, and different understandings. In short, each person lives a different life than other people live and, as a result, knows many things that other people don’t know. Each person…...

3+ day, 1+ hour ago   (1562+ words) I’m an 80’s child in the end. That means when I start working on a new project some random song or movie moment comes unbidden into my head from that weird and wonderful decade. The movie Real Genius ends with…...

4+ day, 1+ hour ago   (495+ words) Here is the statement of our finding: “The results of this chapter dispute the policy prescription implied by the view that federal deficits cause high interest rates, which in turn, crowd out investment. The view that higher taxes would reduce…...

1+ week, 1+ hour ago   (576+ words) There are very few economic statistics that actually matter. Most of what governments publish every month is little more than political theater. They constantly revise GDP, unemployment, inflation, and virtually every other number after the headlines have faded. One measure,…...

2+ week, 1+ hour ago   (959+ words) When asked why he robbed banks, Willie Sutton reportedly said, “Because that’s where the money is.” That wasn’t necessarily a wisecrack, and Sutton denied having said it, though late in life he admitted if he had been asked, that likely…...

2+ week, 1+ day ago   (1116+ words) International Man: Treasury Secretary Scott Bessent recently declared that all US gold is “present and accounted for” and said the country’s stockpile is now worth more than $1 trillion at current market prices. What’s your take on this? Doug Casey: How…...

2+ week, 4+ day ago   (1254+ words) “How did you go bankrupt? Two ways. Gradually, then suddenly.” — Ernest Hemingway, The Sun Also Rises The Man Who Downgraded America In August 2011, Deven Sharma did something unprecedented. As president of Standard & Poor’s—one of the three major agencies that…...