Money versus Monetary Policy

Iran Allowing 20 More Ships Through Strait Of Hormuz, Pakistan Says Authored by Ryan Morgan via The Epoch Times, Iran has agreed to allow 20 Pakistani-flagged ships to pass through the Strait of Hormuz unharmed, Foreign Minister Ishaq Dar announced on March 28. Dar presented the announcement as a sign of good faith from Tehran, as Iranian forces continue to threaten commercial shipping in the Strait of Hormuz. Iran has actively targeted shipping in the region as part of its retaliation for U.S. and Israeli attacks on the leadership and military of...

New York Millionaire's Club Says They're Happy Paying Higher Taxes Under Mamdani Sigh. It's all so exhausting. Not all of New York’s wealthiest residents are sounding alarms over Mayor Zohran Mamdani’s plan to raise taxes on high earners. In fact, a small group of millionaires says the backlash is a bit over the top, according to Bloomberg. Members of the Patriotic Millionaires — including filmmaker Abigail Disney, granddaughter of Roy O. Disney of The Walt Disney Company — argue the rich can easily afford to contribute more if it helps fund...

Georgia Governor Signs Bill Suspending State Gas Tax For 60 Days Authored by Aldgra Fredly via The Epoch Times (emphasis ours), Georgia Gov. Brian Kemp signed a bill on March 20 suspending the state’s gasoline tax for 60 days, the first such move taken by a U.S. state since the U.S.–Israeli war with Iran began in late February. Georgia Gov. Brian Kemp delivers the State of the State address on the House floor of the state Capitol in Atlanta, Ga., on Jan. 25, 2023. Alex Slitz/AP Photo The legislation, dubbed HB 1199, will...