Tariffs

In 1852, Karl Marx famously said that while people shape their own history, they do so under circumstances not of their choosing, but inherited from the past. While there’s truth in that, what Marx may have underestimated was how a bold experiment across the Atlantic would defy that pattern. The United States didn’t simply inherit […]

On May 16, Moody’s officially lowered its credit rating on U.S. government debt to Aa1, its second-highest grade. With the national debt climbing past $36 trillion, the move isn’t exactly shocking — but it’s noteworthy because Moody’s was the last of the big three ratings agencies to act. S&P downgraded the U.S. back in 2011,

After a noisy start to 2025 — with market swings, tariff headlines, and political uncertainty — it’s no surprise that recession fears are making a comeback. The recent dip in GDP has raised eyebrows, but before we jump to conclusions, it’s important to take a closer look at what the numbers really say. What the

Over the past three years, the Federal Reserve has steadily raised short-term interest rates. Meanwhile, the M2 money supply — a key measure once championed by Milton Friedman — has been shrinking, bottoming out in late 2023. Logically, tighter monetary policy should have slowed economic growth or even triggered a recession by now. Yet, it didn’t — at least not right