How Britain’s exit from EU can help its economy

Global stock markets and currency exchanges are in turmoil after Great Britain voted to leave the European Union, making it look like the decision is an economic disaster.  But Stephen Meyer argues quite the contrary, that Brexit will bring substantial economic advantages.  For example, the UK will now be able to negotiate a trade deal with its biggest market–the United States–which it wasn’t allowed to do under the European Union.  Also, lifting the EU’s regulatory burdens, which applies to the whole economy and costs as much as 6.5% of the Gross Domestic Product, will be a dramatic shot in the arm for the UK’s economic growth. [Read more…]

Trump thinks we can always just print more money

Donald Trump thinks we don’t have to worry about defaulting on the national debt because we can always just print more money.

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“The Smug Style in American Liberalism”

There is an astonishing article in the (liberal) Vox by the (liberal) Emmett Rensin entitled “The Smug Style in American Liberalism:  How liberals came to look down on the people they once tried to help.”

It castigates liberals for their Daily-Show habit of mocking those they disagree with, particularly those of lower social class than themselves, saying how stupid and uneducated they are, compared to their cool and knowing selves.

Rensin points out that liberals used to be largely from the working class.  Today, though, the base of liberalism is in academia and the upper middle class.  Today, he says, many Democrats don’t even know a poor or blue collar person.  Their disrespect has translated into not really doing anything about the economic issues that have so ravaged the working class.

Whatever your politics, you need to read this, excerpted and linked after the jump. [Read more…]

Obama threatens Great Britain if it leaves the EU

Great Britain is getting ready to vote on whether or not to exit the European Union, a cause that is going by the name “Brexit.”  Though surely whether or not to do that is the business of the British people, President Obama has weighed in on the matter.  

During his visit there, he went so far as to threaten the British that if they leave the EU, they would be “at the back of the queue” for any trade deals.  Threatening a nation’s economy if they do not bend to our will is essentially what the Saudi Arabia leadership did to the United States, to the general outrage of Americans.  Now the Brits are similarly outraged at Obama.  See the London Daily Express story after the jump. [Read more…]

Saudi Arabia threatens U.S. economy over 9/11 charges

There is reportedly evidence–censored pages of the official 9/11 report–that some of the 9/11 terrorists received funding from Saudi Arabia, possibly including Saudi officials.    A bill in Congress would allow Saudi Arabia to be held liable in any court proceedings.  Now Saudi Arabia is saying that if that bill passes, it will sell off its $750 billion in American treasury notes and other assets.  This could dramatically lower their value and harm the U.S. economy.

Beyond this specific issue (more details on that after the jump), the Saudi threat shows a big vulnerability in national security.  Countries that own lots of American property or that America owes lots of money to have leverage over us.  What if China cashed out its holdings in the United States?  Or simply stopped buying American debt?  Our national debt is being funded, in large part, by selling our bonds overseas.  Which not only makes us dependent, but makes us vulnerable to foreign coercion, as the Saudis are trying to do. [Read more…]

Transparency vs. privacy

The shady revelations of the Panama Papers are sparking new demands for “transparency” in businesses and in financial transactions, including identifying exactly who owns particular assets.  To the point that efforts are being made to establish an international registry to keep track of exactly who owns what.

But some say that anonymity can be important, both to a business and in fending off governments that would love to be all-powerful and all-controlling.  Read that case after the jump.  What do you think? [Read more…]