The WSJ warns of the potential for a Navarro recession.
NYT reports markets were shaken by global economic turmoil.
Washington Post reports the Dow dropped 800 points yesterday.
Regulatory
On Real Clear Markets, John Tamny debunks Catherine Rampell’s alarmism over the ERS move.
Bret Swanson at AEIdeas reveals Supply-Sider Walter Wriston anticipated in his 1992 book The Twilight of Sovereignty that information technology would empower the masses and against reactionary elites.
In the American Spectator, Peter Ferrara says the Federal Reserve shouldn’t compete against the private sector on real-time payments.