“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.
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 577.35 points or 1.02% to...
White House economic advisor Kevin Hassett said Wednesday that the authors of a recent New York Federal Reserve paper that...
There’s no doubt that the Americas were irrevocably changed by European contact. The decimation and sociopolitical transformation of the Western...
Fotostorm | E+ | Getty ImagesWelcome to the "boomcession."The term is a portmanteau of the words "boom" and "recession." It...
A customer looks at goods on a shelf in a supermarket on January 15, 2025 in London, England. Dan Kitwood...
Gold and silver prices are reaching all-time highs. Gold and silver spot prices are roughly US $4,668.14 per ounce and...
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