The Daily Friend April 12, 2026 Even with the current ceasefire, does the US and Israel war against Iran portend recession? Since US President Donald Trump and Israel’s Prime Minister Benjamin Netanyahu launched their war on 28 February, US stocks tumbled to a six-month low, interest rates rose and gasoline prices are up by $1.00 a gallon. With only a trickle of oil and gas … Continue reading Trump’s Iran War Could Portend Recession
The Daily Friend February 1, 2026 Continue reading Trump’s Assault on Global Economic Practices
The Daily Friend January 17, 2026 Jerome Powell’s eloquent defence of Federal Reserve independence, delivered in a two-minute YouTube video on January 11th, was an inspiring act of courage. The 72-year-old outgoing Fed chairman spoke after receiving a grand jury subpoena that threatened a criminal indictment over his Congressional testimony about renovations to Federal Reserve buildings. Powell called alleged cost-overruns a pretext. The real issue, … Continue reading Powell, by Fighting Back, Makes it More Likely the Fed Will Retain its Independence
BizNews.com The Rational Perspective January 13, 2026 By Barry D. Wood In Budapest some time ago, I came upon a wall poster bearing the likenesses of potentates whose imperial rule collapsed in the aftermath of World War I. It was an advertisement for a museum exhibit. The Hapsburg empire in Vienna of Emperor Franz Joseph (seated) lasted 600 years. But stuck on the losing side of … Continue reading Trump’s Unprecedented Assault on the Rules-Based Economic Order
The Daily Friend November 23, 2025 Continue reading Saving the Group of 20
Barry D. Wood 