The Myth Of Price Controls

Key Events This Holiday-Shortened Week: Jobs, Warsh In Sintra, ISM, ADP Global attention this holiday-shortened week,will center on the US labor market, with the June employment report due on Thursday ahead of the Independence Day holiday. A reminder that the US will be 250 years old this week. Alongside that, central bank communication will be in focus at the ECB’s Sintra forum (today through Wednesday), while inflation data across Europe and activity indicators in Asia—notably China’s PMIs and Japan’s monthly data—round out a busy global calendar. In the US, DB economists expect...

Mamdani's Tax Plan Is A Warning To America: Counterproductive And Regressive Authored by Daniel Lacalle, Zohran Mamdani’s tax package is a warning to America. It is what you may expect when the radical left takes power. Demolition of the private sector and destruction of potential growth and jobs. Mamdani’s plan is not ambitious nor innovative; it is precisely the interventionist system that has been implemented throughout decades in countries that now suffer stagnation and elevated unemployment. It concentrates New York City’s fiscal risk onto a narrow and mobile base of taxpayers and companies...

China's New AI Agent Risks Trapping Western Tech In Rights Abuses: Analysts Authored by Jarvis Lim via The Epoch Times, China's new state-backed artificial intelligence (AI) platform threatens to stifle domestic tech innovation through forced ideological compliance, and in the West, it could also be used to cover up the regime's human rights abuses, analysts warn. A screen advertising Xinhua News Agency in Times Square in the Manhattan borough of New York City, on March 2, 2020. Andrew Kelly/Reuters Xinhua, the official mouthpiece of the Chinese Communist Party (CCP), will spend more than...