Via The Daily Bell
Elites Plot to Replace Austrian Free-Market Economics?
Don’t Entrust Economics to the Experts … Why has so much of the world succumbed to populist demagoguery and xenophobic nationalism? To a non-trivial extent, economists may be responsible. This idea finds some support in a new book, “The Econocracy,” written by three U.K. economics students — Joe Earle, Cahal Moran and Zach Ward-Perkins. – Bloomberg
Submitted by Judith Bergman via The Gatestone Institute,
Donald Trump nearly sparked a diplomatic scandal earlier this week when he tweeted that Nigel Farage, the interim UKIP leader and the lead Brexit campaigner, would be great as Britain's ambassador to Washington, a suggestions which Theresa May's government quickly dismissed saying there was "no vacancy" as Kim Darroch is currently serving as ambassador to Washington, and leading to an outpouring of protests from the UK press accusing Trump of meddling in sovereign affairs.
In a quiet overnight session in which Japan was closed, European shares are mixed as financials and auto weigh, Asian stocks rise led by materials while S&P futures little changed against a backdrop of the continuing commodity rally with oil holding near $48 a barrel, up fractionally on the session. Against a basket of currencies, the dollar index was up slightly at 101.12, very close to a 14-year peak. The dollar also kept most of its recent hefty gains on the yen at 111.05 though it has met resistance around 111.35 in the last couple of sessions