Tag: Inflation

  • Pakistan Under Global Scrutiny

    International reports of the last five years indicate that bad governance within Pakistan is gaining continuous attention of the watchdogs, lenders, and investigative media. The issue of governance in Pakistan has become a global concern where economic pressures, political strain and restriction of free expression started to meet. The HRW and Amnesty International reports allege […]

  • 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 […]

  • The War Profiteers Feast While the Poor Starve

    The world is being reshaped—and disfigured—by those who profit from war. We often describe conflict as a diplomatic failure or a geopolitical tragedy, but beneath these narratives lies a harsher truth: war has become one of the most profitable industries on earth. A small network of corporations, financiers, and political actors grows richer with every […]

  • Whatever Happened to Trump’s “Golden Age” for American Workers?

    Although Donald Trump’s Department of Labor announced in April 2025 that “Trump’s Golden Age puts American workers first,” that contention is contradicted by the facts. Indeed, Trump has taken the lead in reducing workers’ incomes. One of his key actions along these lines occurred on March 14, 2025, when he issued an executive order that scrapped […]

  • Compound Interest Is Devouring the Federal Budget

    Compound Interest Is Devouring the Federal Budget

    Albert Einstein is often quoted as saying that compound interest is “the most powerful force in the universe.” The quote is probably apocryphal, but it reflects a mathematical truth. Interest on earlier interest grows exponentially, outrunning the linear growth of revenue and eventually consuming everything. That is where the United States now stands. The government […]

  • 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 […]

  • 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 […]

  • 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 […]

  • Is Capitalism Reaching the End of the Road?

    Capitalism is fast becoming so unpopular that the money-grubbing old autocrat in the White House wants to protect it by promising to investigate and prosecute anyone who speaks against it. Free speech be damned. But Milton Friedman said Capitalism and Freedom go together.  So, we will use some of that fast-disappearing freedom to comment on the […]

  • AI is a Perfect Storm Threatening Humanity

    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 […]

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