Big banks on this side of the Pacific are watching with trepidation, as developments in China’s mobile system could indicate that significant shifts will happen in the U.S.
The Fed's proffered justifications for aggressively increasing interest rates and adding to government debt levels don’t pass the smell test.
Public sector banks, rare in the U.S., are common elsewhere. Studies show that they are more profitable, less corrupt and more accountable overall than private banks.
As automation increasingly makes jobs obsolete, the policy of guaranteeing every citizen a basic income is gaining support around the world.
There is no way the U.S. will ever pay back a $20 trillion federal debt. Maybe the government should sell some of it to our central bank.