Estimated Reading Time: 5 minutes
What “stakeholder capitalism” really means for the world. Stakeholder capitalism has taken the global economy by storm in recent years. Its champions proclaim that it will save—and remake—the world. Will it live up to its hype or will it destroy capitalism in the name of reforming it? Proponents pitch stakeholder capitalism as an antidote […]
Estimated Reading Time: 4 minutes
And they are the ones who made it so. On Wednesday, the Federal Reserve announced that it will “raise” interest rates faster than previously planned in order to “fight” worsening inflation. In a press conference, Fed Chairman Jerome Powell tried to assure investors and the public that the Fed is, “not trying to induce a […]
Estimated Reading Time: 3 minutes
Editors’ Note: As far back as last summer, The Prickly Pear began to warn about 2022 being a “risk-off” year. Those elements of the economy, including stocks, bonds, cryptocurrencies, and real estate that have been elevated by easy money, will tend to suffer when the easy money is taken away. We are now well into […]
Estimated Reading Time: 6 minutes
Joe Biden and Kamala Harris recently updated their “plan to beat COVID-19.” One passage is worth examining for the dangerous mentality it betrays: “Social distancing is not a light switch. It is a dial. President-elect Biden will direct the CDC [Centers for Disease Control] to provide specific evidence-based guidance for how to turn the dial […]