Low and falling birthrates are not an economic threat. Not remotely. The latter is not a Malthusian or Paul Ehrlich-ian statement as much as it’s a statement about production. The babies being born…
In 1998, fast-food giant McDonald’s invested in a small Colorado burrito chain with just sixteen restaurants: Chipotle. Under McDonald’s leadership over the next seven years — and with an investment…
If you are like me, you have friends with whom you love to talk about books. Each gets excited about something he recently read and wants to share this experience with you. Often, you know…
Inflation is not rising prices. Deflation is not falling prices. The more production expands across a rising number of hands and machines, the lower the price. And vice versa. The Apple iPhone is an…
Immigrants are almost monolithically poor, but they have the mindset of a rich person. That’s why they’re immigrants. They want better, and will do what it takes to get better. What’s written above…
It’s so easy to forget that Congress taxes us not so that it can stare at our money, but to spend it. Which means every dollar Congress extracts in taxes is an extra dollar of control politicians…
“We wouldn’t be where we are without Mike.” The Mike referenced was the one and only Michael Milken, but what was said about Milken could have realistically been said by countless people. Such was…
The following was sent to Minnesota House Speaker Lisa Demuth: Dear Speaker Demuth, I am writing to express my strong opposition to Article 13. Sec. 8. [325M.335] of HF 2435, which mandates mental…
Reps. Nick LaLota, Andrew Garbarino, Elise Stefanik, and Michael Lawler, four House Republicans, are holding up the extension of the 2017 Tax Cuts and Jobs Act (TCJA). Good for them. To understand…
“What will you say about Trump and his tariffs if he gets high-tariff countries to zero?” Trump supporters have asked the previous question endless times since “Liberation Day” and surely before. The…
Presidents get the dollar they want, and George W. Bush wanted a weaker one. Bush’s departure from the Reagan/Clinton era of a largely strong, stable dollar as a measure of constant objective value…
“Acouple employees left for the rest of the day. They were pretty rattled.” Those were the words of multi-restaurant owner and Georgetown Events Hospitality Group president Bo Blair, in a Washington…
From the minute the money is spent, government spending slows economic growth. That’s because central planning of resources is central planning of resources. That government spending is an…
“You better let me take this. They’d never believe it coming from you.” That’s legendary New York Times editor R.W. Apple at the end of a particularly expensive dinner with Times colleague Joseph…
When my boy Coleman was four, he asked for — and got — a Davy Crockett jacket and a coonskin cap for Christmas. Back when Disney celebrated bad asses instead of fruitcakes, he…
He may still turn things around, but it’s a shame about President Trump and the economy. All he had to do was nothing, and what they refer to as “the economy” would be soaring now. Of course, Trump…
“Macroeconomics” purpports to break “economies” down to cities, states, and countries. Remember this as economists react with horror to President Trump’s surface, or actual economic ignorance. They…
High prices beget low prices. It’s the high prices that summon more supply, more innovative production processes that ultimately result in lower prices, and often both. That high prices foretell…
Noah Smith led off his recent “apology” to libertarians with a truncated list of things he’s long disagreed with libertarians about. For instance, he claims (without evidence) that a society defined…
Gross Domestic Product (GDP) is a worthless number. The previous truth isn’t a defense of Donald Trump after the 0.3% Q1 GDP decline. Instead, it’s a defense of reason that requires the reasonable to…
“For as long as cancer treatment has existed, ‘cutting it out has been the best way to cure it.’” Those are the words of Washington Post reporter Kim Bellware. Bellware is quoting Luis Diaz, a…
“It took four decades for the top 0.00001% of Americans’ share of total U.S. household wealth to grow from 0.1% in 1982 – when 11 households made up that rarefied group – to 1.2% in 2023.” The…
Particularly amid the economic difficulties brought on by President Trump’s tariffs, there’s growing urgency within the Republican Party to mitigate the tariff damage with an extension of the 2017…
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