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Since the pandemic started, we have seen major imbalances to supply and demand in the global markets. Supply chain disruptions due to lockdowns and other regulations, restrictions in travel, trade and businesses shutting down while at the same time we

The Venezuelan government recently lopped off six zeros from its hyperinflating currency, the bolivar.  The highest denomination currency note of 1 million bolivars, worth less than $.25, was replaced by a one-bolivar note.  At the same time, a 100-bolivar note,

Open a popular magazine of your choice, or even the newspaper of record, and you’ll find a lot of fascinating claims seemingly backed by scientific aura. Eat this superfood and you’ll be healthy; do this minor thing every day and

Protectionism is reviving in Washington on both sides of the political aisle. Democrats are cheering proposals to restrict trade to benefit labor unions and save the environment while some Republicans are reviving Smoot-Hawley style salvation schemes. Protectionist advocates routinely seize

Fed chairman Jerome Powell is increasingly under fire for his apparently inability to take inflation seriously or admit it may be more than “transitory.” There’s been much talk of tapering the Fed’s enormous asset purchases, yet—as is typical for the

Over the course of this year, conservatives have expressed a number of grievances they have with the US military. Tucker Carlson delivered a monologue questioning Joe Biden’s emphasis on the issuance of flight suits designed for pregnant women. (Noteworthy is

For many decades the United States and almost every other country in the world have been haunted by fiscal deficits; however, normal people do not seem to realize how it can affect their lives and their well-being. Many people around the

Monetary Policy and the Present Trend toward All-around Planning The people of all countries agree that the present state of monetary affairs is unsatisfactory and that a change is highly desirable. However, ideas about the kind of reform needed and about

Sixty percent equities, 40 percent bonds. What has been considered the golden rule of portfolio theory for decades is of less and less value to investors today. Because central banks have backstopped almost every market, essentially mimicking the market maker

All value is subjective. But often, when an exchange is to be made, a numerical value is required. It’s a special kind of economic calculation, what Bharat Kanodia terms “a subjective opinion based on objective facts”. Bharat has built a career