The killing of Ukrainians by Russians, and Russians by Ukrainians could in no way stimulate growth in the United States. What annihilates human capital annihilates the knowledge that powers growth…
Is the crisis of the moment one of people who want better, or government trying to plan the market signal that is the arrival of people who want better?
Critics of so-called “isolationism” claim a desire to stay out of conflicts like Ukraine are rooted in veneration for Donald Trump and/or Tucker Carlson, partisan disdain for Joe Biden, fear that the…
At the Wall Street Journal, Fed-watcher Timiraos writes that with government measures of inflation having “fallen much faster than expected,” nominal interest rates “adjusted for inflation” have…
AI is going to render exponentially more of us really stupid as we get to shed even more formerly essential knowledge. The deep in thought of today and tomorrow will go nuts, but people will be…
That James Dolan is the money behind Las Vegas Sphere is a pretty loud reminder that few initially thought the idea worthy. To attend a concert there is to see what a miracle Dolan backed. Love or…
As always there are no price controls, there are just shortages. Place President Biden’s rhetorical attacks on “junk fees” in the price control category, along with the CFPB’s regulatory attacks.…
This will cause some heads to explode within the various free-market and interventionist religions, but market forces born of production decide which currencies circulate, not central banks or…
If a recession is coming, or for that matter growth, money in circulation will reflect either scenario without regard to the central plans of economists and those who revere them.
Bruce Springsteen’s mother scrimped and saved to get him his first electric guitar. Which hardly makes him unique. His story is like most for the musicians of his era.
When banks acquire capital expensively, they don’t just acquire cash. They put it to work, albeit in securities approved of by regulators. Highly liquid securities. Think government bonds, or more…
Americans who drive all progress are too busy creating all-new knowledge to bother with what’s known now, and this new knowledge will similarly free the proverbial man-on-the-street from having to…
Napoleon “did not realize until it was too late that the only closed political economy is the world economy. Britain could not be starved into submission by blockade unless she were totally cut off…
Free traders have long properly believed that the more people in countries are interconnected in an economic sense, the more that peace becomes likely given the immense cost of war.
In a recent column, the Washington Post’s Glenn Kessler acknowledged that the 400 richest taxpayers hand over more to the federal government each year than the bottom 70 percent of earners combined.…
The happy, market truth is that no individual, no business, no city block, no city, state, or country ever needs to worry about having too much or too little money.
In her latest opinion piece for the Washington Post, economics writer Heather Long observed about Federal Reserve Chairman Jerome Powell that “Many had predicted he would be Dr. Doom who caused a…
In short, California already has a wealth tax whereby it arrogates to itself far too much of the fruits of rich people and rich company production. There’s the cause of the debt. Simple stuff.
Naturally arrived at prices are the way that a market economy organizes itself. By extension, fake prices forced on producers by government as a rule result in scarcity if the force is real. Just as…
What’s a more immoral leave-behind to the sainted “grandchildren”? Debt that investors line up to purchase at the lowest rates in the world, or a massive, resource-swallowing government that achieved…
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