France is at a fork in the road, where her political leaders have shrinking maneuverability, where they are running out of time, and where they cannot afford to repeat the mistakes of the past.
Democrats and Republicans are bickering over the debt ceiling. They will reach an agreement before the June 1st “default” date, but it will only be a stopgap measure. At some point, Congress will face such high costs for its debt that not even the most optimistic investors can trust the U.S. Treasury any longer.
Speaking of the need among some people to repeat the mistakes of the past: the saga of Bud Light and its recent public-relations disaster is being amended with another chapter.
If capitalism were to fall, and if the socialists got to replace it with a system of their choosing, everything else that is dear to conservatives would fall as well.
While the stars are lining up for another fiscal crisis in Europe, the ECB’s chief economist fails to even mention the threat. Is the ECB ignorant on what is coming down the pike?
The official story is that the U.S. economy grew by 1.1% in the first quarter. This number is heavily modified and tells us nothing. We have the real numbers.
While a U.S. whistleblower reveals that her government is acting as a middleman in child trafficking, at least one European paper is more interested in the disclosure of the U.S. government’s involvement in reverse-engineering UFOs.
New data suggests an elevated risk for stagflation in Europe. Policymakers beware!
America’s states are supposed to be sovereign jurisdictions. Yet when the federal government is their main source of revenue, how independent are they really?
While Americans are worried about mental health, election fraud, and government debt, Europeans think that the most important things in America are abortion pills and ice hockey.
Financial markets are important to governments that need a lot of tax revenue to pay for their welfare states. The problem with taxes levied on financial markets is that they generate unstable revenue.
The more a tax system relies on financial markets, the more volatile and unpredictable those tax revenues will become. There is no doubt that the U.S. government is experiencing that in real time in 2023.
