The trend with worried debt market investors continues. If this gets worse, higher—not lower—interest rates will be the least of our concerns.
Argentina’s new president, Javier Milei, talks about making ‘seigniorage’ illegal. But does he really know what the term means?
The president of Argentina wants to make it illegal to print money for budget deficits. Economic theory says he is right, but the politics of the welfare state may get in his way.
The unfolding ideological fight over Germany’s defense funding is a precursor to an American debate over the same issue.
The EU is in for a fiscal framework showdown between reformists and abolitionists. Who wins? Europe’s economic future hangs in the balance.
If Congress decides to compensate NATO for insufficient European funding, they may have a run-in with the investors on the market for U.S. government debt.
NATO is a defense insurance program. What happens to your insurance policy when you don’t pay your monthly premium?
The U.S. President has officially been declared to have “diminished faculties.” He is now dead as a candidate in November. How will the Democrats replace him, and with whom?
With facts and logic speaking against the green transition, countries headed for an economic recession should urgently rethink their energy policies.
Anyone proposing more U.S. defense spending with borrowed money should consider what happens when increasingly uneasy investors have had enough of U.S. debt.
A review of the past 60 years of inflation and monetary policy shows why the Fed must be conservative as it considers rate cuts later this year.
Low inflation and rising unemployment suggest that the ECB will soon abandon its tight monetary policy.
