In 1971, US President Richard Nixon shocked the global financial system by ending the dollar’s convertibility into gold, dissolving the Bretton Woods order and introducing a new era of floating exchange rates. Treasury Secretary John Connally, with striking candor, declared: “The dollar is our currency, but it’s your problem.” This phrase has echoed through decades… Continue reading Our Dollar, Your Problem: Market Stress, Exchange Rate Feedback and the Fiscal Reckoning Ahead The po...| Fair Observer
As the potential for a trade war with China escalates, and the rhetoric about NAFTA continues to heat up, we thought we'd step back and talk a bit about the perception underlying current political concern regarding trade: trade deficits. President Trump's comments early in March stated that the U.S. has a deficit with almost every country--something that just isn't true.| PolicyMatters
The new home of Brian McGlinchey’s independent journalism is Stark Realities with Brian McGlinchey, a Substack newsletter. →→ Visit Stark Realities with Brian McGlinchey: Invigoratingly unorthodox perspectives for intellectually honest readers Paul Krugman has done it again: From his lofty perch at The New York Times, the chief jester of the Keynesian court has wrapped […]| LibertyMcG
Explore recent Fiscal Monitor data to better understand recent developments in public finances and see where we may be headed.| Finances of the Nation -
This post summarizes the latest Fiscal Monitor data to help Canadians better understand recent developments in public finances. In addition, we use the monthly data to construct projections for total federal revenue, expenses and the budget balance by the end of the fiscal year.| Finances of the Nation -
This post summarizes recent developments in the Fiscal Monitor data to help Canadians better understand recent developments in public finances. In addition, we use the monthly data to construct projections for total federal revenue, expenses and the budget balance by the end of the fiscal year.| Finances of the Nation -
