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Nicaragua’s Economy “Weathers Multiple Shocks” Including US Attacks
The International Monetary Fund’s new assessment of Nicaragua’s economy labels it as “strong” no fewer than 56 times. But it also shows how key factors in the country’s growing prosperity – export earnings, trade relations and remittances (money sent by Nicaraguans living abroad) are vulnerable to US attacks. The IMF points out that US sanctions […]
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Why New York City Needs a Public Bank
We will build a city-owned bank — not to serve shareholders, but to serve you. A bank that invests in housing, in transit, in climate resilience. A bank that puts our money to work for our people. — Zohran Mamdani, Victory Speech, Nov. 4, 2025 New York City has elected a mayor who dares to challenge […]
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How a Fed Overhaul Could Eliminate the Federal Debt Crisis, Part II: Curbing Fed Independence
There has been considerable discussion in recent years about reforming, modifying, or even abolishing the Federal Reserve. Proposals range from ending its independence, to integrating its functions into the U.S. Treasury Department, to dismantling it and returning monetary policy to direct congressional or Treasury oversight. The Federal Reserve Board Abolition Act (H.R. 1846 and S. 869, 119th […]
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Stagflation: Stagnation, Inflation, and Beyond
Since my prediction in April of 2007 of an impending economic crash, I’ve vowed not to risk my unblemished record with any further predictions. But a simple thing that I learned from the run-up to that catastrophe was when the “little people” — the “every man and every-woman” — found their way into stock market […]
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AI is a Perfect Storm Threatening Humanity

© Getty Images/XH4D The global economy was already navigating a minefield of volatility, uncertainty, complexity, and ambiguity (VUCA) when US President Donald J. Trump’s ‘Liberation Day’ tariffs reverberated across international markets. This aggressive escalation of trade barriers, including a mélange of sudden rate hikes, retaliatory measures, and rhetorical brinkmanship, didn’t just amplify the chaos; it […]
