MONETARISM & NOMINAL GDP - CounterStrikeMedia

THE IMF, FISCAL CONSOLIDATION & EGYPT'S DOMESTIC POLITICAL REFORMS

7/26/2019

The IMF (Still) Cannot Quit Fiscal Consolidation…

IMF releases final tranche of $12 billion loan to Egypt
The International Monetary Fund (IMF) on Wednesday approved the release of the final $2 billion in a $12 billion loan package to Egypt. “Egypt has successfully completed the three-year arrangement under the Extended Fund Facility and achieved its main objectives,” IMF Acting Managing Director David Lipton said in a statement. Lipton praised the Egyptian economy’s performance, attributing it to Cairo’s fiscal reforms. In addition to floating Egypt’s currency exchange rate, the unpopular austerity measures have included cuts in electricity and fuel subsidies. Read More 

CRYPTO ROGUES AND THE BREAKING OF INTERNATIONAL ORDER

7/24/2019

The Classicist: Thinking Strategically About Iran
interview with Victor Davis Hanson via The Classicist
Why restraint with Tehran may be the most effective position for national security hawks.

Khamenei’s New Appointment Tests White House Sanctions Policy

Will Crypto Rogues Threaten the Geopolitical Order?

THE IRAQI SHIA MILITIAS & SANCTIONING TURKEY BEGINS

7/20/2019

US sanctions Iraqis tied to Iran-backed militias
The Treasury Department on Thursday sanctioned two former provincial governors and two militia leaders in Iraq, citing human rights violations in Ninevah province, the home of a diverse Christian minority. The two militia leaders — Rayan al-Kildani and Waad Qado — both head divisions within Iraq’s Popular Mobilization Units (PMU). Kildani is leading a Christian militia within the PMU umbrella. The sanctions also target two former governors — Nawfal al-Akoub of Mosul and Ahmed al-Jubouri of Salahuddin province. Akoub fled Mosul last year after Baghdad sacked him over corruption charges following the capsizing of an overloaded ferry that killed some 100 people. Washington accuses Jubouri of working with “Iran-backed proxies that operate outside of state control.” Read More

Trump Talks Turkey Sanctions with Congress

US SHOULD SANCTION THE PRC LEADERSHIP: UIGHURS

7/14/2019

Why the United States should sanction the mastermind of China’s crackdown on the Uighurs

SOUTH AMERICA, ILLICIT FINANCE & MINING

7/14/2019

The National Liberation Army in Colombia and Venezuela: Illicit finance challenges stemming from illegal mining
Andrés Martínez-Fernández | American Enterprise Institute

INDIA'S FORMER CENTRAL BANKER ON THE COMMON GOOD & POLITICS AT THE FED

7/14/2019

Decentralise & Invent New Growth Model: Raghuram Rajan
featuring Raghuram Rajan via The Time of India
Former RBI governor Raghuram Rajan and Congress’s overseas unit chief Sam Pitroda have criticized the BJP government for proposing to make a nation based on "single idea (of Hindutva) and have also called for India to move away from authoritarianism and centralized control to strengthen its democracy.

Raghuram Rajan: How Markets And The State Betray Communities
interview with Raghuram Rajan via The Wharton School of the University of Pennsylvania
Hoover Institution fellow Raghuram Rajan talks about his new book, as well as India, China, and a host of other topics.

Is politics getting to the Fed?
Robert J. Barro | Project Syndicate
In the early 1980s, the chairman of the US Federal Reserve, Paul Volcker, was able to choke off runaway inflation because he was able to implement steep interest-rate hikes. Today, the Fed is clearly under political pressure, and it is starting to show.

AMERICA'S FISCAL NIGHTMARE CONTINUES & ECONOMICS AND THE AFRICAN CONTINENT

7/13/2019

JOHN B TAYLOR: ECONOMICS ONE

Make America’s deficits great again
Desmond Lachman | The Hill
An undisciplined budget policy at a time of economic strength limits the scope for fiscal policy support at a time of economic weakness.

AN IDEAL CALLED AUSTERITY

7/6/2019

MILTON EZRATI
Required Economic Reading
An important new book offers clear insights about austerity policy.

NEW SANCTIONS ON IRANIAN LEADERSHIP

7/4/2019

To Fight Terrorists, Follow the Money
By Emanuele Ottolenghi, Foundation for Defense of Democracies: “Prosecuting money launderers is the best way to stamp out terrorism and corruption."

New Hezbollah Sanctions Highlight Corruption, Role of Political Leadership in Terror Finance

New Sanctions May Deal Heavy Blow to Supreme Leader’s Business Empire
Mark Dubowitz | Chief Executive

ECONOMIC DEVELOPMENT KEY TO MIDDLE EAST REFORM

6/29/2019

Is Economic Development The Key To Mideast Peace?
by Michael J. Boskin via Project Syndicate
Now that the Trump administration has offered a blueprint for economic development and reform in the Palestinian territories, the opportunity costs of maintaining the status quo are clear for all to see. Although the Palestinians remain opposed to the plan, at least now they can start to consider the economic potential of peace.

Productivity growth, not the Fed, is the US economy’s big problem
James Pethokoukis | AEIdeas

PAKISTANI STATE DOCTRINE HINDERS FINANCIAL GROWTH

6/29/2019

ASIA TIMES

HOOVER INSTITUTION LOOKS AT DEMOCRATIC SOCIALISM

6/22/2019

What Democratic Socialism Does To Economic Prosperity
by Lee Ohanian via PolicyEd
Democratic socialism diminishes economic prosperity and ultimately requires a return to market-based policy.

ARTHUR LAFFER: MEDIAL OF FREEDOM FOR ECONOMICS & BURKE ON ECONOMICS

6/22/2019

The Medal of Freedom in Economics Editorial of The New York Sun | June 22, 2019
https://www.nysun.com/editorials/the-medal-of-freedom-in-economics/90739/
It turns out that President Trump's presentation Wednesday of the Medal of Freedom to the supply-side economist Art Laffer coincided with a record-high of the stock market -- at least as measured by the Standard & Poor's 500. That is nicely marked in the latest number of the FutureOfCapitalismblog, edited by our columnist Ira Stoll. He notes that the market's apex was hit despite the war-clouds scudding out of Iran.
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The Un-Burkean Economic Policy of Edmund Burke

RULES & INSTRUMENTS FOR MONETARY POLICY REVIEWED

6/21/2019

A Rule That Makes Sense of the Fed
Peter Ireland, E21

Recent Decisions And Rules Of The Fed
by John B. Taylor via Economics One
Last week, after attending monetary policy conferences at Stanford, Chicago and Frankfurt, I put forth evidence in EconomicsOne.com of a revival of research on monetary policy rules for the instruments, whether at the conferences, in research papers, or in Fed publications. I offered possible explanations for the revival, also with evidence, including revealed preference by policymakers, the need to deal with the effective lower bound, disappointments with past departures from rules, threats of legislation, and concerns about political pressure.

A Revival Of Research On Monetary Policy Rules For The Instruments
by John B. Taylor via Economics One
Recently I had the opportunity to participate in several conferences on monetary policy: the annual Hoover monetary policy conference at Stanford in May, the 2019 Fed Review conference in Chicago in June, and the Macro Model Comparison Conference in Frankfurt also in June. There are many takeaways, but one was very evident. I will call it a “Revival of Research on Monetary Policy Rules for the Instruments.”

EXAMINE IRAN'S INTERNATIONAL TERROR FINANCES IRAN'S MONEY LAUNDERING KINGDOM & DIRECTION OF US POLICY

6/15/2019

Suspected Hezbollah Financier Extradited to the U.S.

DIRECTION OF US POLICY Read more here.

Explore the economic network of one of Iran’s largest bonyads, Astan Quds Razavi.

DIRECTION OF US POLICY IN MIDDLE EAST Watch the clip here.

Cash-Strapped Regime in Tehran Taps Sovereign Wealth Fund

Iran is failing to adhere to FATF standards

Time for U.S. to Finalize Designation of Iran for Money Laundering

THE FED & THE US ECONOMY: THE COST OF MONEY (INTEREST RATES)

6/12/2019

JAPAN & GERMAN TRY TO BREAK US LED IRAN SANCTIONS

6/12/2019

MODI 2.0 FOR 2019

6/9/2019

A Reform Agenda For Modi 2.0
quoting Raghuram Rajan via The Hindu Business Line
Thirteen economists offer non-partisan, common-sense prescriptions for policy action across various sectors Earlier this week, barely days after Narendra Modi led the BJP to a stunning re-election triumph and the new Ministry took charge, a trickle of official data confirmed the bad economic news that everyone but the government had known about for months.

India rising? Maybe not.
Derek Scissors | National Interest
Prime Minister Narendra Modi's dream of India’s future economic leadership will die if the government fails to directly address labor force participation in his second term.

HEZBOLLAH ISN'T BROKE & HOW IRAN EVADES US LED SANCTIONS TO BENEFIT ASSAD

6/8/2019

Hezbollah Isn’t Broke. So Why Is Everyone Claiming Otherwise?
Tony Badran — Tablet Magazine
In this age of polarization, the unanimity of this take is all the more remarkable, as it is shared by the Trump administration, Middle Eastern analysts, as well as The New York Times, The Washington Post, and even the Israeli government.But this conventional wisdom is wrong. Hezbollah is nowhere close to being broke... Read More

Sanctions Drive Iranian Oil Exports to Historic Lows
David Adesnik | Director of Research

Trump’s Iran Crackdown Isn’t Enough to Stop Hezbollah
Unless Washington targets the group more effectively, it can outlive the pressure on Tehran.

Hezbollah said to bypass US sanctions by entering drug trade into Europe

Iran’s economy has had a turbulent decade. In 2016, Iran was on the rise economically, but since 2018, United States sanctions have sent the Middle Eastern nation in a downward spiral. The sanctions had previously been lifted under the 2015 nuclear deal between the two countries. Now, experts predict that Iran will face a shrinking economy, ballooning inflation, and a significant budget deficit. As Iran looks to the future, it’s relying on trade partners other than the US in hopes to get its economy back on track. Here are eight surprising facts about Iran’s economy. – Business Insider

Assad Survives Thanks to Iranian Oil—and Egyptian Consent
Sanctions have stopped Tehran from selling its crude, but not from giving it to the Syrian dictator.

STEPHEN MOORE TACKLES THE FED ON US MONETARY POLICY

6/8/2019

THE HISTORICAL PERFORMANCE OF THE FED: HOOVER INSTITUTION PRESS

Thinking about the Laffer Curve
James Pethokoukis | AEIdeas

THE FED CAN NO LONGER GROW THE US ECONOMY

6/2/2019

Taylor's Rule: Too High, Too Low - Where Should Interest Rates Go?
featuring John B. Taylor via Biz News
Taylor’s Rule is an interest rate forecasting model invented by John Taylor in the early 90s. And according to Investopedia “it’s a proposed guideline for how central banks should alter interest rates in response to changes in economic conditions.” In South Africa, the Reserve Bank’s mandate is very topical at present, which in turn sets up a discussion around interest rates. SARB’s current mandate is tailored around a targeted inflation band of 3-6%, with the repo rate currently at 6.75%.

https://www.realclearmarkets.com/articles/2019/05/16/if_the_fed_can_instigate_why_is_middletown_still_so_poor_103741.html

ADDRESSING AFRICA'S ECONOMIC DIFFICULTIES

6/2/2019

PS

A LOOK AT CENTRAL BANK INDEPENDENCE & HOW TO FIX THE INDIAN ECONOMY

5/31/2019

PS

'Don't Exacerbate The Problems': Raghuram Rajan's Advice To Modi 2.0 On Economy
featuring Raghuram Rajan via Business Today
Listing out his views on economic agendas for the new government, former RBI governor Raghuram Rajan has said the new dispensation needs to address the fiscal gap and revive agriculture, power and banking sectors. In his latest blog post, which was co-written with Abhijeet Banerjee, Rajan said both the Centre as well state governments should target to reduce fiscal deficit to FRBM (Fiscal Responsibility and Budget Management Act)-suggested 5 per cent by 2023. For this, there is a need to create better compliance and progressive taxation, he said. He also suggested that a Centre-state council modelled on the successful GST Council could be formed to ensure fiscal federalism.

THE MULLAH'S ARE BUCKLING UNDER US LED SANCTIONS REGIME, IRANIAN DECEPTION AND US LED DETERRENCE

5/23/2019

Defying Predictions, Iran Sanctions Exert Unprecedented Impact

Fars News, the Spider Net of Lies and Deception

The imperative of deterrence We invite aggression if our enemies believe “America cannot do a damn thing”

AQUINAS AND THE MARKET

5/20/2019

Mary Hirschfeld On Economics, Culture, And Aquinas And The Market
by Russell Roberts via EconTalk
Author, economist, and theologian Mary Hirschfeld of Villanova University talks about her book, Aquinas and the Market, with EconTalk host Russ Roberts. Hirschfeld looks at the nature of our economic activity as buyers and sellers and whether our pursuit of economic growth and material well-being comes at a cost. She encourages a skeptical stance about the ability of more stuff to produce true happiness and/or satisfaction. The conversation includes a critique of economic theory and the aspect of human satisfaction outside the domain of economists.

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An authority on Civil-Military Relations; Southwest Asian Political Economy, and Pentagon Acquisition Reform .

CASE FOR MONETARY REGIME CHANGE
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THE FED & THE PROFESSOR STANDARD
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ENOUGH WITH RENTIER ECONOMICS
File Size:	119 kb
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STRUCTURAL HISTORY OF ECONOMICS
File Size:	681 kb
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FOUNDATIONS OF ECONOMICS

FOUNDATION for ECONOMIC EDUCATION

SERGEY ALEKSASHENKO FORMER RUSSIAN CENTRAL BANKER

THE GRUMPY ECONOMIST

ROBERT SAMUELSON WASHINGTON POST

JOHN B. TAYLOR ECONOMICS ONE BLOG

MILTON FRIEDMAN COLLECTED WORKS HOOVER

ALLAN MELTZER HOOVER INSTITUTION

KEVIN WARSH HOOVER INSTITUTION

KEYNES VS. HAYEK RAP

KEYNES VS. HAYEK RAP ROUND 2

Federal Reserve Needs New Thinking wsj pdf
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What Uber Can Teach the Fed pdf
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Tweets by WilliamHolland

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