“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…
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…
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…
President Trump famously described Fed Chairman Powell last week as a “major loser.” Trump never disappoints, does he? Whatever his style, Trump’s disappointment with Powell, the disappointment of…
The EU is soon to intimately understand a truth too often lost on politicians and regulators: the only closed economy is the world economy. This will become apparent in the aftermath of the EU’s $570…
There are no sacred cows in Las Vegas. That’s the source of the city’s immense prosperity. The past and present are relentlessly pushed aside to make room for the future. In July of last year, the…
In their recent Wall Street Journal essay, George Gilder and Gale Pooley called for a “time-price index, or TPI.” They crucially reminded readers that “while we buy things with money, we actually pay…
It cannot be said enough that economic growth is defined not by what people do, but by what they don’t. Which certainly helps explain the big declines in future-seeing equity prices in concert with…
As parents, we all know how annoying it is to have our parenting judged by others. Much worse, those doing the judging do so without clear knowledge of what is led to the parenting situation they so…
“DOJ Urges Federal Judge To Break Google’s Search Grip.” How interesting it would be to focus group the previous headline to a broad swath of the American people, young ones in particular. That is so…
The future will be defined by economic growth that will make the present appear limp by comparison. Driverless cars will loom large precisely because they’ll free humans from so much work. It’s what…
Prices are what organize the market economy, which means prices are a crucial form of communication that governments should never, ever meddle with. Too bad Milton Friedman’s monetarism continues to…
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