Once again the US Federal Reserve is in a quandary. Does it cut its policy interest rate soon in order to relieve pressure on debt servicing costs for consumers and businesses and perhaps avoid a stagflationary economy (ie low or no growth alongside higher inflation); or does it hold its current interest rate for borrowing in order to make sure inflation falls towards its target of 2% a year?
Inflation and interest rates: the US experience
Tag: Demand
Fatal Flaws Undermine America’s Defense Industrial Base
The first-ever US Department of Defense National Defense Industrial Strategy (NDIS) confirms what many analysts have concluded in regard to the unsustainable nature of Washington’s global-spanning foreign policy objectives and its defense industrial base’s (DIB) inability to achieve them.
Fatal Flaws Undermine America’s Defense Industrial Base
Why America Is Out of Ammunition
Today, as the U.S. is drawn into wars in Israel and Ukraine, as well as the defense of now-peaceful Taiwan, I’m writing about war. Not the policy choices, or whether U.S. military power is a net force for good or ill, but the actual practical machinery behind the American defense base that produces the weaponry necessary to sustain the military.
Why America Is Out of Ammunition
Ms. Cat’s Chronicles 
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