What’s firstly puzzling about the right’s Ivy League and Ivy League-adjacent hatred, and the belief that so much of what ails us is an effect of what “they’re teaching” on campus, is that so many of…
California’s debt, currently around $1.6 trillion, is poised to soar in the coming years. Bank on it, though don’t be so simplistic as to blame the debt surge on Governor Gavin Newsom, or his…
Capital flows to where it’s treated well. Remember this amid President Trump’s endless jawboning of Jerome Powell. According to Trump, along with his various cheerleaders inside and outside the…
“Up north is where we’ve gotten the money for everything – to build houses, to take care of families, to sow in the fields. If they don’t send money, the town stops.” Those are the words of Rosa…
Harvard professor Jason Furman says E.J. Antoni “is completely unqualified to be BLS Commissioner.” Furman’s view is the consensus, though the latter is frequently wanting. Think how serious…
Cato Institute co-founder Ed Crane long advised staffers to read the New York Times, including me. Many would give him quizzical looks owing to the newspaper’s left lean, but that was part of his…
Donald Trump did it. Did what? He panicked in 2020 over the coronavirus, and downtown D.C. has yet to recover. More than a few Trump-loving locals (yes, there are more than a few) know this to be…
It’s August 19, 2025. On August 19, 2035, yields on U.S. Treasuries from the shortest to longest maturities will be lower relative to today. I’ll gladly welcome $1,000 bets in a shameless attempt to…
“I want you to know what the risks are, because I still want to come home for Thanksgiving if this doesn’t work.” That’s what Jeff Bezos said to Jacklyn and Miguel Bezos when they invested a little…
“High-skilled immigration is key to America’s success.” That’s what Richard Hanania writes at the Cato Institute’s excellent Human Progress page. Hanania is not alone in making what he might agree is…
Cato Institute co-founder Ed Crane turns 81 today, which is a good time to talk about him and how he has helped to shape how we think, view policy, and ideally how we will vote in the future. There’s…
It’s a wealth-losing shame of enormous proportions that Social Security will never go insolvent. It will cost the typical American millions in retirement wealth. Yes, the absurdity of the notion that…
How to get rich? The single best way is to live a long time, ideally working much of that time while amassing savings that compound, and compound some more. The vast majority of Warren Buffett’s…
The federal debt will soar in the coming decades. The previous truth can be found in the monolithic nature of the proposed debt solutions. Harvard’s Greg Mankiw is hardly alone in saying posssible…
The difference between what economists believe and what’s true is Pacific Ocean vast. Think the popular view that the Federal Reserve, by paying banks to park reserves at the central bank, is…
“Recession” is a relative concept. For instance, when the U.S. economy contracts such that Americans merely tighten their belts, hundreds of millions around the world face starvation. If you doubt…
Of course the Bureau of Labor Statistic (BLS) is wrong about levels of employment or lack thereof. How could it be right? Precisely because employment figures are valuable within the broad…
Taxes are routinely awful, and annually unearth dread in all of us as we cower before Congress’s outsourced tax collector (the IRS). We do so while trying to grasp the meaning of a tax code that…
Kevin Warsh is married to the daughter of Ronald Lauder, the cosmetics billionaire. Warsh himself earns enormous sums on the speaking circuit, he’s got a top designation at one of the world’s most…
Human beings are inputs, but birthrates don’t matter. The latter is evidence that two seemingly opposing ideas can be true at the same time. Economists and politicians fear falling birthrates. Near…
The Fed’s mandates are rooted in endless fallacy, most prominently the discredited Phillips Curve which says economic growth causes prices to rise. Please keep this in mind as monetary policy…
“We are living in a moment of existential dread and alienation caused by the savagery of social media, the ugliness of our politics, the AI takeover, our melting planet, a winner-take-all economy…”…
I was living at 537 W. Deming in the Lincoln Park section of Chicago in the summer of 1995. The address and city rate mention because that summer Chicago suffered one of those brutal and nationally…
GDP is a worthless calculation. It goes down as imports increase, it goes up as government spending does, and it increases not due to productivity, but if production of any kind has happened. In…
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