Even those in the US who urge peaceful relations with China understand that China has some serious problems with its domestic policy. Its rate of incarceration and execution rival that of the US, while its prisons are renowned for forcing inmates into acting as slave laborers. It’s not uncommon for people in the US to […]
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One of the many problems with governments getting involved in setting monetary policy is that the conduct of monetary policy necessarily picks winners and losers. Due to the distributional effects of who gets to use the government’s new money first, those who get the new money before prices rise are able to benefit handsomely, while […]
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The past year has seen some really large and nearly record-breaking sums of money won in lotteries. From the $1.5 billion won in Mega Millions in October 2018 to the $768 million won in Powerball in March 2019, many Americans have gotten excited thinking about the things they could do with all that money. Yet […]
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With the United States government finally revoking export waivers that allowed customers of Iranian oil to continue purchasing that oil from Iran, the US is hoping that it will choke off Iran’s lifeline by ending its ability to sell oil. But the US’ decision is facing criticism and opposition from the EU, which like Iran […]
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By the 1880s many people had become fed up with the designs of American coinage. Both silver and gold coins had had the same designs since the 1830s, with the exception of the Morgan silver dollar that had been introduced in 1878. The dime, quarter, and half dollar had all used the Liberty Seated design […]
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The major news impacting markets this week was President Trump’s decision to introduce tariffs on all Chinese imports. Existing tariffs will rise from 10% to 25%, and all imports that previously were exempt from tariffs will have new tariffs placed on them. China retaliated by placing tariffs on $60 billion worth of US exports to […]
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With President Trump’s revelation that he intends to place tariffs on all imports of Chinese goods, markets went haywire earlier this week. While tariffs on existing imports are rising to 25%, all Chinese imports will soon be subject to punitive tariffs. That will raise the cost of living not just for American consumers but for […]
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In the aftermath of Special Counsel Robert Mueller’s probe coming to an end, more and more information is coming to light about just what the FBI knew and when. But you’ll be hard pressed to find out much of this information from the mainstream media, which prefers to sit on explosive information so as not […]
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Since the breakup of the Soviet Union and the fall of the Iron Curtain, the United States has been flooded with a huge amount of military surplus hardware from Eastern Europe. Among that hardware were SKS rifles and AK-47 and AKM parts kits. Those rifles, chambered in 7.62x39mm Soviet, have become a staple for many […]
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The universal response of central banks around the world to the financial crisis was to create more money. Trillions of dollars worth of new money was created by the Federal Reserve System to respond to the financial crisis, with trillions more created by the European Central Bank, Bank of England, Bank of Japan, and other […]
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