Commentary In 2019, I published what many people then told me was my best book: “The Market Loves You.” It was a reflection on C.S. Lewis’s “four loves” in light of commercial society. One of these loves involves friendship, association, and appreciation for another, and the sense of trust that comes from a routine experience of…
Biden Pretends to Defend His Economic Record
Commentary The Wall Street Journal, as if participating in some kind of inside joke, published an opinion piece ostensibly by President Biden, in defense of his economic record. It’s a dark comedy. Actually worse. It seems to symbolize that to this administration there is no longer truth and no longer lies. It’s all just propaganda….
How Lockdowns Bolstered an Industrial Cartel
May 30, 2023
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big businesscorporatismfascismindustrial cartelsLudwig ErhardOpinionregulatory stateSmall BusinessesU.S. economyViewpoints
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Commentary Among the many grim memories from the depths of lockdowns were boarded up local shops and long lines outside the big-box stores like WalMart, Kroger, Whole Foods, and Home Depot. For very strange reasons, small business was universally declared to be nonessential whereas the big chains were deemed essential. This amounted to a massive…
Indicators That Show the Recession Is Now
Commentary I’m not going to be one of those prognosticators who finds evidence of my predictions regardless of the facts. True, I said two months ago that the U.S. economy would be in a solid statistical recession by late summer. This is based on existing industrial trends and weakened labor markets at the high end…
Target, Like Bud Light, Faces the Power of the Consumer
Commentary The Bud Light boycott, inspired by the brand’s preposterous political messaging, has certainly tarnished the beer and sent a powerful message to the corporate class. The message is that the nonsense must stop now else consumers will remind these companies who is really in charge. If consumers stop forking over for a product and…
LIVE 12:45 PM ET: IMF Officials Speaks on the U.S. Economy
The International Monetary Fund (IMF) officials Kristalina Georgieva, Managing Director of IMF; Rodrigo Valdés, Director, IMF Western Hemisphere; Nigel Chalk, Deputy Director, IMF Western Hemisphere; and Julie Kozack, Director, IMF Communications Department, hold a news conference to discuss the United States economy at 12:45 p.m. ET on May 26. …
LIVE NOW: IMF Officials Speak on the US Economy
The International Monetary Fund (IMF) officials Kristalina Georgieva, managing director of IMF; Rodrigo Valdés, director, IMF Western Hemisphere; Nigel Chalk, deputy director, IMF Western Hemisphere; and Julie Kozack, director, IMF Communications Department, hold a news conference to discuss the United States economy at 12:45 p.m. ET on May 26. …
IMF Officials Speak on the US Economy
The International Monetary Fund (IMF) officials Kristalina Georgieva, managing director of IMF; Rodrigo Valdés, director, IMF Western Hemisphere; Nigel Chalk, deputy director, IMF Western Hemisphere; and Julie Kozack, director, IMF Communications Department, hold a news conference to discuss the United States economy at 12:45 p.m. ET on May 26. …
US Default Might Not Be as Shocking as Expected
May 25, 2023
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Business & MarketsBusiness ColumnistsChina Newsdebtdebt ceilingHong KongOpinionU.S. economyViewpoints
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Commentary This week, one of the world’s foci must be the potential U.S. government default on its debt. In most circles, this continues to progress as if we have never encountered such a situation before. But this might not be true. According to Terry Zivney and Richard Marcus of The Financial Review, “Investors in T-bills…
The Cultural and Economic Disaster of New York City
Commentary The New York Philharmonic’s performance of Gustav Mahler’s 9th Symphony, brilliantly conducted by Gustavo Dudamel, lived up to the piece’s immense reputation. Written in 1909, it is the last gasp of the Old World wrecked by the Great War. It left the audience in tears of melancholy reflection. The ceremonial and traditional silence following…
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