Bond yields spiked. The stock market threw a tantrum. Reuters analyst Dhara Ranasinghe called it “a tussle over borrowing costs.” The Fed won round 1, thanks to a little help from the Aussies. But even the mainstream seems to have noticed that this wrestling match isn’t over and the Fed may be forced to take […]
Putin is a liberal in the old fashioned sense that no longer exists in the West. He believes in sustaining a network of laws and agreements that resolve disputes diplomatically instead of with violence. He believes that government should serve the people and not the economic interests of the elite. He believes that religion is […]
The “Sustaining Deterrence in Europe” amendment inserted with bipartisan support into the Defense Authorization Act 2022, represents the very worst of congressional intervention in foreign and security policy. The key passage of the amendment, which was introduced by Rep Mike Rogers (R-Ala.), ranking member of the House Armed Services Committee, reads as follows: “The [House Armed Services] […]
