ECB’s Lagarde signals June cut, says future rate path uncertain
Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Bloomberg | Bloomberg | Getty Images European Central Bank chief Christine Lagarde on Wednesday reiterated that policymakers will consider bringing interest rates down in June, but sketched an uncertain path beyond that. “By […]
We Should Follow Lord Palmerston’s Example
As twice-Prime-Minister Lord Palmerston said before Parliament in 1848 of the United Kingdom, “We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual, and those interests it is our duty to follow.” There is nothing uniquely British about this view. America’s founders expressed fears about permanent foreign alliances, […]
The Great Misconception of AI
AI is a hot topic for regulators. Regulators and most companies that offer purported AI are clueless about what constitutes actual AI. Way too many charlatans are out there calling a simple trend-following program AI. They create some rules, and the program just follows what they created. That is NOT Artificial Intelligence. The SEC is […]
Charter cities in Kenya – Econlib
The Economist has an interesting article discussing two charter cities in Kenya: Unveiled in 2008 as a $15bn smart city project, Konza Technopolis was supposed to be the heart of Kenya’s “silicon savannah” that, by 2020, would create 100,000 jobs and add 2% to GDP. Three years and many missed deadlines later, there is still […]
