A push in California to tax billionaires will be an important test of the political power of the rich – and the health of US democracy.
- Lecturer in Politics, Department of Government and International Relations, University of Sydney
La réaction des marchés à la nomination de Kevin Warsh révèle un enjeu plus large que la seule politique de taux : la capacité des États-Unis à maintenir la confiance dans le dollar.
Though Trump clearly remains sceptical of central bank independence, his appointment of Warsh suggests he recognises the importance Fed credibility.
The stagflation crisis of the 1970s stands as a clear warning of what might happen if the Fed’s independence is compromised.
The US president has used and discarded many people in his career. The tech billionaire appears to be the latest.
The world’s richest man is now also one of the most politically powerful. Musk’s journey to mega MAGA funder sheds some light on what his motivations might be.
Dismissing Jerome Powell would be a serious breach of long-standing norms of central bank independence. That doesn’t mean we shouldn’t take the possibility seriously.
The Greens have called for the government to intervene and tell the RBA to cut interest rates. Such a step would undermine central bank independence.
Neoliberal is used as an insult in political circles, but in Australia, the philosophy is often used with mixed results by both parties
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