2026-02-03 05:00:25
Back in the day, when a country’s currency was under pressure, the worst thing you could do was impose capital controls. Stopping money from leaving might work temporarily, but it would cause investors to lose faith, and shut you out of financial markets in the long run. In a laissez-faire, globalizing world, nothing could be worse than that.
2026-02-03 03:00:25
The prospect of Kevin Warsh as the next chair of the Federal Reserve may have sapped the appetite of those trading on a sugar high. But what remains unbroken is the investing world’s curiosity about alternative assets. Investors will continue to ditch Bitcoin for gold as they hedge against inflation risks.
2026-02-03 02:29:39
Data centers, killer AI is securities fraud, CFTC sports regulations and art history.
2026-02-02 21:00:25
When interest rates are near zero, government debt doesn’t matter. That was the theory at least, in the previous decade, not just from economists on the fringe but also from a few in the mainstream. If rates stayed low, the argument went, the US didn’t need to worry about debt.
2026-02-02 20:30:26
“I just want to find 11,780 votes, which is one more than we have. Because we won the state.”
2026-02-02 20:00:25
The US Commerce Department announced two weeks ago that it would allow Nvidia Corp. to sell its H200 chips to approved customers in China, reversing a Biden-era export ban. The next day, President Donald Trump imposed a 25% tariff on those same chips. This policy whiplash illustrates something important: The most consequential ways the government shapes technological innovation often aren’t about R&D grants or tax credits but rather decisions about what the government itself should buy, or w
