AERC 2026

Yen Plunges After Two Dissenters Upstage BOJ's Rate Hike: Full Wall Street Reaction The yen sank to a two-week low against the dollar ​on Friday after two policy makers at the Bank of Japan dissented from a widely expected decision to raise ‌interest rates, extinguishing expectations for back-to-back hikes. Governor Kazuo Ueda now needs, at a minimum, to preserve expectations for a December move to prevent markets from unwinding most if note all of the tightening path already priced into rates. While Japanese policymakers pushed rates to their highest level in 31...

Elites And Their Contempt Authored by Reverend John F. Naugle via The Brownstone Institute, Last week, I was unexpectedly hit with a post-lockdown trauma response. While driving to a baseball game days before the NFL Draft came to Pittsburgh, I passed a digital highway sign instructing me to avoid nonessential travel. Suddenly, memories of empty highways with signs instructing drivers to “Stay Safe and Stay Home” came flooding back to me. As the week developed, it began to occur to me that the parallels were deeper than my subjective emotional response. Road closures intensified, rendering...

Can Anyone Govern Britain... Or America? Authored by Daniel McCarthy via PJMedia.com, As Britain gets ready for its seventh prime minister in just 10 years, it's time to ask whether the parliamentary system itself is broken. That might explain not only why landslide election victories don't translate into stable leadership in Britain but also why America's Congress is so feckless.  Is representative government an idea whose time has passed? In Europe as well as America, leftists prefer that judges and bureaucrats wield permanent power, as supposedly impartial experts who know best how to stop...