“Nothing is so permanent”, noted Milton Friedman, “as a temporary government programme”. Friedman died in 2006, a couple of years before Fannie Mae and Freddie Mac, two enormous government-sponsored enterprises (GSEs) that provide liquidity to the American mortgage market, were bailed out during the global financial crisis. The firms were taken into “conservatorship”, a form of temporary government control. It has now been in place for almost 17 years.
While all we have heard from the biased goldbugs who insist that the US will go broke and the dollar...
Customers at the GasWay Xpress Mart at 1120 Erie Blvd. pump gas on Wednesday, Dec. 3, 2025, in Schenectady, N.Y....
With the holidays upon us, what could be better than Christmas movies? And Christmas songs? And Christmas movies with great...
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 895.18 points or 1.81% to...
Democratic Party leadership is making it clear that they intend to coast on anti-Trump sentiment rather than serious self-examination, open...
Yves here. Your humble blogger is making an exception to our general rule of not allowing AI content on the...
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