At the height of the pandemic recession, a June 22, 2020, headline in The Capitalist.com caught my eye: “Dollar Will Plunge 35%, Lose Status As World Reserve Currency.” The article opened with, “The US dollar is on the verge of a 35% collapse. It could also lose its...
When it comes to the economy, the idea of “fake news” is nothing new. We’ve often had a segment of the population believing the US government is intentionally lying. In the early 2000’s, economist Paul Krugman used the term “inflation truthers” to describe...
Strikes and protests in France over recent months at times brought the country to a standstill. The reason? The government under President Macron increased the retirement age from 62 to 64. The U.S. had a similar wave of protest in 2011 when Speaker Paul Ryan...
I recently came across a new survey of personal financial and economic views of Americans done in March of 2023 by NORC at the University of Chicago, funded by The Wall Street Journal. Here are some of the findings I thought were particularly notable. Most of us, a...
If the U.S. Federal Trade Commission (FTC) is successful in getting a new rule enforced, non-compete agreements may soon become illegal in all 50 states. This potentially gives employees reason to celebrate, while employers may feel despondent. Not surprisingly, while...
You probably are aware that the U.S. has reached its debt limit (roughly $31 trillion) again. The Treasury Department has borrowed as much as is allowed by the last debt ceiling measure passed by Congress—an amount that is entirely arbitrary. To avoid defaulting on...
