And who controls the politicians? Certainly not the citizens who they are supposed to represent.

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The cash that treasury holds is already swishing about in the economy. To spend it, they have to withdraw it. Its not as if they hold the "cash" in a vault along with madam's jewelry. Just the same as the cash that you hold in your bank account is ...

Central banks should be (and often are explicitly made to be) quite independent of the legislative/political arm of government.

Australia has sadly had 984 deaths attributable to Covid. Ignoring the problems with these numbers, that is barely 4 per 100,000 of population. New Zealand is about 1 per 100,000. They are special, you know. I think other countries are much higher. ...

I wish I had thought of writing that.

Returning to the featured article if its not too annoying. What I find quite astonishing is that people are somewhat surprised at how much this is costing the economy. Listen - its what is expected to happen when you pinheads don't allow commerce to ...

Pretty please?

Nowadays? No, I disagree. There are many well documented cases beginning in about year dot of where news has been either unreliable or it is best to do the opposite of what the information (of varying degrees of accuracy, but lets say 100% accurate) ...

So who doesn't get hit by marketing of this nature every day in their email and sometimes by phone? {if you don't, you are truly blessed} I guess this bloke went under coz he omitted the usual fine print disclaimers. How novel of the DOJ.

I don't know who or what Fora ll is. So I am unable to respond to your thoughtful comment.

I don't know whether the things that you speak of have happened in the last week or so, outside of the facts of them taking power and everything that involved. Everyone is aware of their prior record of course, however as NotAtrader initially said ...

The Taliban know that the eyes of the West are upon them. So they are putting forward a facade of behaving themselves. This is just me being cynical. Lets wait for 12 months and hopefully there will be an update from reliable sources.

The young lady ought to refresh her careful use of terms used in economics. Someone with a PhD in economics has no excuse for confusing and conflating goods which are "public" and those goods which are more accurately described as "merit" goods. ...

The folk at the Fed are more competent that Australia's health bureaucrats who lock us up at a moments notice - at least once on the basis of just a single false positive. Much of Victoria (about 25% of the Australian economy) has been in lock down ...

"It would be good to see where Powell and the rest of the board stand.” - Thomas Costerg, senior U.S. economist at Pictet Wealth Management. Easy. On thin ice. Freezing water below.

A bunch of malarkey?

To this I'd add this quote attributed to perhaps Karl Rove at some point during the Bush administration - "We're an empire now, and when we act we create our own reality". I'm aware this could mean different things to different people, and to say ...

Yeah, I wonder if this will present significant governance challenges to the Taliban, whatever one may think of them. But they are "the state", that is conceded. Should this financial crackdown backfire, the US may be asking for trouble -what it ...