“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.
File photo: The Japanese national flag flies in front of the container pier in the Tokyo port.Toshifumi Kitamura | Afp...
I have been saying for years that Germany was committing economic suicide. People thought Germany’s manufacturing base was untouchable. They...
Surfer takes us through what it looks like while riding a perfect wave pic.twitter.com/neSb34TWOd — Massimo (@Rainmaker1973) June 22, 2026...
We had said this Iran War would not end in a negotiated settlement. That prediction seems to be coming to...
An Introduction to Cycles of Confidence Most people are taught to view the economy through headlines, political debates, and short-term...
Mark Thornton opens this episode of Minor Issues by tracing how politics shifted from the classical ideal of justice and...
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