The USMCA Goes into Effect Today
The USMCA is actually mostly identical to NAFTA, which is fine since NAFTA was a good agreement.
Capital Matters
The Money Supply Is Growing But Money’s Still Tight
What’s the point of characterizing the stance of monetary policy as “loose,” “tight,” or “neutral”? Presumably as a guide to what the policy should be.
Mankiw as in ‘Thank You’
On a podcast with the economist N. Gregory Mankiw.
Thomas Sowell at 90 Is More Relevant Than Ever
An indispensable voice over the decades speaks to our present moment.
Pensions: For Whom the Bell Tholes
Artificially ‘cheap’ interest rates are a lot more expensive than they seem . . .
Scale Back Unemployment Benefits
As I discuss in my latest Bloomberg column, two-thirds of workers have higher incomes on unemployment than they had from working.
Passing the Euro
The next chapter in the long battle over efforts to stabilize the euro zone will be dominated by pushing and shoving ahead of a summit due for July 17/18.
Golden Years Ahead? Probably Not
It’s a statement of the obvious that savers have been badly hit by the ultra-low interest rates that have been the norm since the financial crisis.
U.S. Deposits of Rare-Earth Elements Are . . . Not So Rare, after All
Right now, the only U.S. domestic source of rare-earth minerals is the Mountain Pass mine in California.