What are sanctions and how do they affect a country’s economy? More importantly, do sanctions work? I ask these questions because U.S. Secretary of State Mike Pompeo has vowed on behalf of President Donald Trump to use the "strongest sanctions in history" to force Iran back to the table and negotiate...
What You Really Need To Know About Latest Jobs Report
The latest jobs report has gotten a lot of analysts, policymakers and talking heads once again asking whether the U.S. is at full employment. The Bureau of Labor Statistics reported on May 4 that the U.S. unemployment rate fell to 3.9 percent, which is the lowest level since December 2000....
The Fed Ignores Inflation at Its Peril
It is often said that policymakers who forget history are bound to repeat it. One wonders whether the same might be said of the Federal Reserve in its seeming current disregard of the lessons from the country’s previous inflationary episodes. Despite the growing number of reasons to be concerned that...
The Fed Ignores Inflation at Its Peril
It is often said that policymakers who forget history are bound to repeat it. One wonders whether the same might be said of the Federal Reserve in its seeming current disregard of the lessons from the country’s previous inflationary episodes. Despite the growing number of reasons to be concerned that...