CBDCs: A Weapon for Debanking the Banked
In March 2022, President Biden signed an Executive Order directing government agencies to urgently research and develop a potential US central bank digital currency (CBDC) “in a manner that protects Americans’ interests.” It also encouraged the Federal Reserve Bank to continue doing so. And it isn’t just the Biden Administration in the United States working […]
Singa-Dubai – Econlib
The Economist has an interesting article discussing the increasingly close connection between India and the United Arab Emirates. I couldn’t help noticing a number of parallels between India/UAE and China/Singapore: 1. India and China both have 1.425 billion people. 2. India and China both have a lot of bureaucratic inefficiencies. 3. India and China both […]
Why Academia Cannot Forecast Anything
COMMENT: Mr. Armstrong, I have been impressed by your Economic Confidence Model. You said there would be no recession until after 2024. You were really the only one who said that. Now Bloomberg reported that the forecasters who “were first out of the box to predict a US recession” are now hedging their bets. […]
