United States

Update 3: According to the WSJ, Blackstone's Steve Schwarzman called Trump to tell him council was disbanding. Then Trump tweeted he was disbanding it.

Authored by Louis Rouanet via The Mises Institute,

Although today high levels of inequality in the United States remain a pressing concern for a large swath of the population, monetary policy and credit expansion are rarely mentioned as a likely source of rising wealth and income inequality. Focusing almost exclusively on consumer price inflation, many economists have overlooked the redistributive effects of money creation through other channels. One of these channels is asset price inflation and the growth of the financial sector.

Since unlike Donald Trump he does not have access to twitter, we can only assume that North Korean leader Kim Jong Un is probably fuming this morning after US and Japanese fighter jets conducted joint “air maneuvers” southwest of the Korean peninsula, according to Reuters. The exercises threaten to reignite tensions between the US and the North after Kim Jong Un reportedly told his generals on Tuesday to shelve a plan to strike Guam with an ICBM.

Amid rising tensions with Pyongyang, U.S. President Donald Trump tweeted that American forces are "locked and loaded" to respond to an attack by North Korea.

While the U.S. military presence in South Korea is well placed defensively, any offensive strike against the North would require the deployment of a huge number of military assets, and the Pentagon has confirmed that no such deployment has taken place.

Authored by Jacob Hornberger via The Future of Freedom Foundation,