Money versus Monetary Policy

Americans Will Foot The Bill For Germany's New Drug Price Controls Authored by Drew Johnson via PJMedia.com, Germany just found a new way to lower its own healthcare costs: make Americans pay more. In late April, German policymakers proposed changes that cap spending growth, restrict care, and force drugmakers to provide steep discounts. These changes are supposed to save Germany money. But drugmakers still need to recoup the high costs of research and development. When a country like Germany suppresses the prices it pays for innovative medicines, those costs don't disappear — they simply shift...

The AI Boom Is Creating A Global Memory Chip Shortage A global shortage of memory chips is emerging as demand for artificial intelligence infrastructure surges, according to a new report from Bloomberg. Large technology companies are locking in supply by signing long-term agreements and paying higher prices to guarantee access to chips years in advance. Because these deals are more profitable, chip manufacturers are increasingly directing production toward AI customers. This shift has reduced the number of chips available for other products such as laptops, smartphones, gaming consoles, and cars, pushing...

Trump Asks Congress To Pass Clean Reauthorization Of FISA Spy Powers Authored by Joseph Lord and Nathan Worcester via The Epoch Times, President Donald Trump asked Congress this week to pass a clean reauthorization of a critical—but controversial—spying authority as the U.S. military operation in Iran continues. “I have called for a clean 18-month extension,” Trump wrote in a post on Truth Social, noting that Senate Majority Leader John Thune (R-S.D.) and House Speaker Mike Johnson (R-La.) are working toward passing such a bill. Specifically, Trump is asking Congress to extend the authorities...