When allowed the freedom to choose, people and businesses choose to live where they're able to keep more of their money.
Facing an imploding stock market and the potential for even more widespread economic chaos, the dictatorship ruling mainland China — the top foreign holder of U.S. Treasury bonds — is selling U.S. debt to prop up the Chinese yuan (renminbi), according to news reports. The move, which has long been anticipated by analysts, could have major implications for the American economy and especially the U.S. dollar — particularly if the pace of liquidation were to accelerate. As of now, confusion about the developments is running rampant.
In a remarkable confluence of common sense and establishment approval, Congress is likely to look favorably upon eliminating the U.S. oil export ban this fall.
The Saudis are caught in a pickle: Cut oil production and lose market share, or continue to pump until they're out of money.
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Individual investors in China's stock markets are cannon fodder for insiders' manipulations, just as they are in the United States.
The Internet continues to drive the "sharing" economy while confounding statists who want to control it.
Colt Gun Maker Declares Bankruptcy
Written by Bob Adelmann
Colt, the iconic gun maker, had its opportunities to survive and prosper, but either didn't see them or decided not to seize them. To the nimble go the spoils.
It wasn't just the Dow that dropped on Monday. Its sister indicators were down as well, triggering concerns that bode ill for the economy in general.
The economy went negative in the first quarter, with precious little evidence that it will rebound in the second.
The Atlanta branch of the Federal Reserve System's GDPNow has a record of embarrassing mainstream economists who continue to view the economy through rose-colored glasses.