European Central Bank CB Chief Lagarde Steps Down Early Amid Inflation And Rising Borrowing Costs
Higher energy prices linked to the Iran war threaten to push inflation further upward
Banking
When Money Becomes Everything
Money solves the problem of the double coincidence of wants. A farmer sells his wheat for something widely accepted in exchange, then uses it to buy shoes.
How To Create The Most Destructive Financial Bubble In History: Unleash The Finance Quants
Once public regulation and ownership crowd out private discipline, political overseers add conflicting social objectives that further distort incentives.
The Panic of 1837: An Austrian View
In this case, the blame falls largely on Andrew Jackson and his destruction of the Second Bank of the United States.
Why Rich Chinese Are Moving Offshore Money To US Banks
The shift accelerated after China introduced a 20% tax on income and gains from overseas trusts held by Chinese tax residents.
AI Agents Trigger New Security Concerns For US Banks
Executives fear agents with permission to make purchases or transfer money could take actions that customers did not authorize.
British Banking Giant Barclays Targets 5% Of Workforce In Cost-Cutting Drive
The announcement came as the lender reported a 12% annual increase in third-quarter pre-tax profit to £2.3 billion
Treasury Yields Flat As Fed Rate Decision Approaches
The 10-year Treasury yield held at 5.1211%, while the two-year yield stayed near 4.7889%.
How The Toxic Relationship Between Cartels And Chinese Money Launderers Costs American Investors
When criminal enterprises are allowed to exploit free markets, public confidence in capitalism suffers, potentially making alternatives like socialism more appealing.
GOP Spending Swells US Deficit To Nearly $2 Trillion For 2026
To be precise, the federal deficit for the 2026 fiscal year, which ended on September 30, is $1.99 trillion.
William Leggett And The Separation Of Bank And State
While Leggett’s thoughts and writings are interesting on several levels, this article seeks to present and appreciate a sample—and it is only a sample—of his economic insights.
Treasury Yields Climb Ahead Of Federal Reserve’s October Rate Decision
The 10-year Treasury yield rose more than one basis point to 5.11%, while the 30-year yield climbed to 5.448%.
You Are The Collateral, Forty-Three Cents On The Dollar
The full-year estimates call for $2.63 trillion in individual income taxes and $399 billion from corporations.
China’s Economic Miracle Has Run Out Of Road
Logan Wright’s Broken China: How the Economic Miracle Shattered and What It Means for the World provides considerable, up-to-date evidence for the minority view.
The Tragic Path Of New Keynesianism
Milton Friedman popularized and developed the monetarist framework, arguing that the stagflation of the 70s was the result of expansionary monetary policy.
US Treasury Adviser Pushes Back Against IMF Warning On Rising Federal Debt
David Zervos, recently appointed counselor to Treasury Secretary Scott Bessent, told CNBC that the IMF had repeatedly misjudged economic developments,