Rethinking ‘Data‑Driven’: Why Friedman’s Long‑View Philosophy Matters Again
Slightly more than a week before a critical Federal Reserve interest rate meeting, the outlook on prices has been muddied once again by uncertainty over tariffs. Potential fiscal policy actions involving credit card rate caps, oil price manipulation, or home buyer subsidies have also been disruptive. The best way for monetary policy authorities to think […]
Tariffs Back in Focus as Markets Reverse Early Gains – January 20, 2026
Good morning, A little more than halfway through January (56%), equity markets had been enjoying a welcome broadening of leadership into sectors not known for direct AI exposure (though nearly all sectors will ultimately be influenced by AI). More importantly, that expansion has coincided with persistently higher yields across the curve and a meaningful shift […]