Will Central Planning Work? Friday’s The Lonely Realist was distributed early on a turbulent news-filled day. That news included March’s EU factory output, which fell off the table, and U.S. manufacturing activity, which slipped to its lowest level in almost two years. The slowing...
The Central Bankers’ Dilemma On March 30th, the Federal Reserve announced that it does not intend to increase interest rates in 2019. It has put its Quantitative Tightening (QT) program on indefinite hold. Recall that it was only in November that Fed-watchers were forecasting...
What is Terrorism? Words matter … in their innuendos as well as in their dictionary definitions. The words uttered by world leaders matter more than others. Directly after the Boston Marathon attack by two Muslim brothers on April 15, 2013, President Obama called it a “senseless...
The First Amendment, a Free Press and Journalism What is the obverse of a “free press”? We’ve once again reached a point in history where that question has become topical because America’s media has taken steps on-the-way to becoming an “unfree press.” Why is...
Global Economic Stability The past 10 years, post the Great Recession, has been a period of surprisingly measured global economic growth. Although developing countries, primarily in Asia and Africa, have witnessed the strongest economic performance, developed countries also have participated. For example, Australia has...