The problem with government can’t be found in how the funds it wastes are extracted, rather the problem can be found in the extraction. Eventually deficit hawks will realize this truth, that the real…
Every time a government shutdown happens, or is threatened to happen, economics reporters find economists at Goldman Sachs and other prestige institutions willing to tell them how much GDP will…
OH MY GOD! The sky is falling. Kevin McCarthy has been ousted as speaker of the House! The Republic is in shambles. The Republicans are going to lose all of their seats. Why, this looks…
Banks, like any business, never run out of money. They run out of investor trust. That’s why the only capital requirement for banks should be no capital requirement. They only succeed insofar as they…
Boo Hoo. The government is about to shut down. Pop the Champagne corks! Remember 2020, the federal government shut down the whole world! President Trump listened to the…
China’s Evergrande has been staring bankruptcy in the face since 2021. More recently, media members have fingered Country Garden as yet another large China property company that could fall.…
Governments can only centrally plan the direction of resources insofar as they’ve taken them from us first, and they can only offer tax incentives insofar as they’ve overtaxed us first. The economic…
It’s a waste of words to say the central planning that underlies Fed conceit always fails, not to mention that the surest path to lower prices is economic growth as is.
If we’re free-speech absolutists, we’re by definition absolutists about the sources of speech. What’s being done to TikTok is embarrassing, and it won’t redound to its political critics in the U.S.
If voters really want to avoid a future “financial crisis,” they would vote for Biden if he promises to go to bed after the next financial institution failure, and Trump if he promises to play golf.
In the late 1970s, Ken Langone connected Bernie Marcus and Arthur Blank with Ross Perot. They were trying to raise money for what became Home Depot, and Perot was offered the chance to purchase 70%…
The consensus among the allegedly wise is that China is “enduring its worst economic slowdown in years.” If the latter described the United States, economists and pundits would be calling for massive…
Americans are mostly wrestling with “keeping up with the Joneses.” If he’s right then he, his fellow libertarian inequality apologists, along with Ahmari, Rubio Cass, should praise inequality to the…
It’s that time of year. Fall. College football. Major League baseball playoffs. How bout those Orioles! One of my favorite events is my college fraternity, St. Anthony Hall’s…
If the arrival of the virus was a crisis as lockdown proponents so confidently asserted back in 2020, their hysteria offered the best case for government doing nothing.
The implied point in the Post headline was that government spending makes most sense when the economy is weak, a supposition suggesting that central planning of resource allocation is most needed…
Ian Ayres and Quinn Curtis are law professors at Yale and UVA. Their area of expertise is retirement, and as they see it, the typical employee paying into retirement funds must be saved from himself.…
Labor Day. I hate federal holidays. They are emblematic of what’s wrong with the Leviathan we call the federal government and the corrupting influence it has over American…
Talking to the New York Times recently, AEI’s lead economist in Michael Strain observed that “good news” for the Fed would be a recession. Since the credentialed near unanimously believe that job…
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