Trump 2.0: Tariffs, Trade, and the Dollar

25 September 2025 To be sure, financial markets have needed to react to a daily diet of consequential, and often quickly reversed, policy announcements during the early months of Trump 2.0. What has been consistent, however, has been the US dollar's depreciation: the greenback has fallen 10% this year. Indeed, many had expected the dollar [...]

Bitcoin: What it Is, and What It’s Not!

20 May 2021 In the next few weeks, I will consider the future of money. In particular, I will evaluate the evolution of Central Bank Digital Currencies (CBDC), as well as the potential role crypto-currencies may play in the future monetary system. Today, let's deal with the elephant in the room: Bitcoin! The world's largest [...]