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Collum: Was Fed Chair Warsh Chosen For A Controlled Demolition?
Collum: Was Fed Chair Warsh Chosen For A Controlled Demolition?
Supposed monetary hawk Kevin Warsh, who was officially sworn in as the 17th Fed Chair earlier this week, will now face the dilemma of staying true to his hawkish roots or caving to his unabashed high-rate hating President. That is, of course, unless there’s a deeper plan at play…
Last night, Cornell professor Dave Collum hosted Michael Lebowitz and Stephanie Pomboy for a deep dived into ‘How F***ed Markets Are’ where Dave posited the theory that Warsh man be a demolition...
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Europe's Looming Jet Fuel Crisis: Hormuz, Policy Failure, And A Self-Inflicted Supply Shock
Europe's Looming Jet Fuel Crisis: Hormuz, Policy Failure, And A Self-Inflicted Supply Shock
Submitted by Thomas Kolbe
Politics has established a new routine. Right at 12 noon, prices at German gas stations now rise day after day.
The government’s pricing decree, a hastily assembled mechanism, acts like an accelerant in an already dramatically strained fuel supply situation. Anyone with rudimentary economic understanding already knew that this form of price regulation would amount to political posturing with fatal consequences.
The market is reacting as expected. Gas station operators anticipate general price increases and indirectly...
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