QUESTION: Martin, Washington State DOT is planning to bond against toll revenue generated by express toll lanes on or highways here in Western Washington. These express toll lanes were created by our DOT by stealing a general purpose lane and turning it into a toll lane. The pricing strategy is to keep the roads moving at […]
COMMENT: Dear Mr. Armstrong, Like many of your readers, I have been unable to watch “The Magnitsky Act: Behind the Scenes” for months because of its ban here in the US. Today, I was finally able to watch it at the following link. Not sure how long it will be up but I thought I […]
BoJ Statement 4-24-2019 The Great Financial Unknown is now upon us. After 10 years of Quantitative Easing, the European Central Bank (ECB) in Europe owns 40% of the national debts in the EU and it can neither sell them nor stop buying without creating a Panic in Interest Rates. Likewise, the Bank of Japan (BoJ) […]
OK. New York City can’t pay its bills and politicians think chasing Amazon out of town because they wanted a $3 billion tax break actually saved $3 billion when that was predicated on them paying some taxes, has now moved to ban hot dogs to save the environment? Mayor Bill de Blasio approved a complete insane $14 […]
COMMENT: Well you said this winter would be long and the summer shorter. It is still snowing here in the heart of America. It looks like your computer is correct again. Instead of funding research for billion dollars to pretend there is global warming, they should just subscribe to Socrates. Would save a heap of […]
The term “iliad” in Greek mean a series of miseries or disastrous events and “Odyssey” meant a long wandering or voyage usually marked by many changes of fortune. Welcome to the Economic Iliad & Odyssey. What we are facing is truly extraordinary. There is absolutely NO economic theory from Adam Smith to Keynes that ever addressed negative […]
In Arizona, a SWAT-style police team broke down the door of a house because a toddler was not vaccinated. The Arizona Department of Child Safety and the Chandler Police Department in Chandler, Arizona, have come under criticism after officers conducted an overnight raid on a family’s home and took the children in a violent confrontation […]
There have been studies on the riskiest jobs where stress causes higher rates of suicides. The medical profession seems to be at the top of the list, which now amounts to some 11 million people. However, there is also a growing list of students committing suicides over student loans, which is the number one debt […]
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