Page 27 - Herbert Stein News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Inflation Returns: Are Gas Shortages a Wake-up Call? | Opinion Charles Kolb , former deputy assistant for domestic policy, George H.W. Bush White House On 5/13/21 at 11:20 AM EDT Shortly before the 2007-2008 Great Recession, the operating assumption among many economists and other policymaking elites was that housing prices would never decline. That assumption came a cropper quickly. Since then, the operating assumption has been that interest rates will never rise. After all, we've experienced more than a decade of the Federal Reserve keeping interest rates at or near the z...

YOUGHAL, IRELAND – Yesterday, we saw that some investments inevitably go bad. People make mistakes. The private world of win-win deals routinely corrects them. Death, divorce, default, destitution – many are the ways it sets things right. But the public world… the world backed by tanks and armed police… the world of wars and sanctions… regulations and money-printing… uses its considerable might to resist correction. No matter how stupid… no matter how wasteful or harmful to the public weal – government programs are rarely and reluctantly discarded. The Definition of Eternity ...

John Authers and Mohamed El-Erian on What Comes After Reflation Apr 21 2021, 2:06 AM April 21 2021, 12:46 AM April 21 2021, 2:06 AM (Bloomberg) -- Here’s a complete transcript of the live blog event “What Comes After Reflation: Q&A With El-Erian & Authers.” The blog entries are in the order they were originally posted. (Bloomberg) -- Here’s a complete transcript of the live blog event “What Comes After Reflation: Q&A With El-Erian & Authers.” The blog entries are in the order they were originally posted. 04/20 02:39 ET Welcome to our TOPLive Q&A on reflation, how...

“A Roy-ale With Cheese®. What do they call a Big Mac©?” –  Pulp Fiction Picard doesn’t have an iPhone® he got unlimited Data with his Android©. The last time I had a Double Quarter Pounder with Cheese™ from McDonalds© here in Modern Mayberry, it cost me $4.79. It was over a month ago, but I remember biting into the bun feeling the warm hamburger . . . warm? Dangit. I looked down. It was raw. Ugh. I was done. What our local McDonalds® misses in quality they make up for by taking longer than any other fast-food place in town. Why do we go there? The fries and the $1 drinks. Any...

Economy, finance, and budgets Other Economist, academic, business leader, diplomat, and patriot George Shultz has just died at 100. He is one of only two Americans (along with Elliott Richardson) to hold four cabinet-level positions—serving as Secretary of State, Treasury, and Labor, as well as director of the Office of Management and Budget. By legend, he maintained a one-page resume, leading to the “George Shultz Resume Rule,” which I often share with job-seekers: “George Shultz had a one-page resume. If he did it on one page, so can you.” It’s one thing to have a lot of fancy a...