A TRILLION DOLLARS. That number may keep Scott Bessent, America’s treasury secretary, up at night. Next year his government’s net interest payments will break the 13-figure mark. The combination of a bulging deficit, now worth 7% of GDP, and the sharp increase in government-bond yields over the past four years makes America’s budgetary mathematics increasingly ugly.
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 closed • Shanghai increased 21.731 points...
In this pool photograph distributed by the Russian state agency Sputnik, Russian Prime Minister Mikhail Mishustin (R) arrives at the...
In a recent comment, Professor Hülsmann responds to my article in which I explain Ludwig von Mises’s classification of money...
A Book Review of Solving Social Dilemmas: Ethics, Politics, and Prosperity, by Richard D Congleton. Economists like blackboards. Using chalk...
An emperor for all seasons Aeon A deadly history haunts this imperiled California lighthouse. Here’s why fans want to save...
Former President Joe Biden’s likeliness and name was forged by unelected White House staffers. His administration knew the extent of...
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