Size of money laundering problem in B.C. not clear; estimates in the billions

In July 2018, an international agency that sets anti-money laundering standards quietly released an explanatory report on professional money laundering. In the 53-page report, the Paris-based Financial Action Task Force made a stunning claim: A “massive” underground bank in B.C. had laundered more than $1 billion a year. The underground bank offered its services, says […]

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The limits of the Fed

Mainstream economic policymaking rests on a division of labor: The Federal Reserve should worry about managing the macro-economy — balancing job creation against inflation — while Congress should focus on balancing its budgets. But now this way of doing business is coming under assault, thanks to things like Modern Monetary Theory and the left’s push […]

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The limits of the Fed

Mainstream economic policymaking rests on a division of labor: The Federal Reserve should worry about managing the macro-economy — balancing job creation against inflation — while Congress should focus on balancing its budgets. But now this way of doing business is coming under assault, thanks to things like Modern Monetary Theory and the left’s push […]

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Why the German economy is sputtering

The German economy ground to a halt in the fourth quarter of last year. For most economic observers, this was a startling development. Despite the never-ending economic crises wracking Europe, Germany seemed like a perpetual bright spot, steadily clocking in 2-to-2.5 percent real GDP growth since 2014. But in the last year, Germany’s growth nosedived […]

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