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.
Since the ceasefire on April 8 and Trump’s apparent capitulation to Iran, it appears the Iranians will levy a toll...
Political controversy has arisen in recent debates on immigration concerning the compatibility between economic liberalism and restrictions on the free...
There are at least two meanings for “dominance” in relation to monetary and fiscal policy. The first one, proposed by...
The front page of the Javan newspaper (L) and the front page of the Jam Jam newspaper, which features a...
Mark Carney has now openly declared that Canada can no longer rely on the United States, stating that the relationship...
Volodymyr Zelensky has stated that Ukrainian men of conscription age who left the country, many in violation of his wartime...
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