Critics of Social Security, and there’s much to criticize, use the lack of a “lock box” or actual “trust fund” to make their emotional cases for the program’s looming insolvency, reduced benefits, or both.
Neither Adults Nor Young Adults Need Fear Social Security’s ‘Insolvency’ Read More »
As opposed to AI destroying it, its allegedly broad usage more realistically indicates that higher education has destroyed itself.
AI Cheating’ Isn’t Destroying Higher Ed, It’s Exposing Its Demerits Read More »
While Rampell wants her readers to believe Trump committed fraud vis-of-vis banks, everything about her column indicates the opposite.
Trump ‘Fraud’ Allegations Show Why There Was No Fraud Read More »
Inflation is a policy choice of governments that long predates central banks that the various economic religions have oddly happened on as the creator and fix for inflation.
A Look at Hasbro’s ‘Monopoly’ To Calm the Nerves of Monetarists Read More »
It’s popular among the conspiracy-minded and central bank-obsessed (frequently the two go together) to suggest that governments establish central banks to buy their debt. The very notion is self-discrediting.
Central Banks Neither Own Debt Nor ‘Print Money’ To Buy It Read More »
It’s crucial that the CFPB’s rule be revisited very quickly. Meant to protect borrowers, what it will really do is make it much less likely that would-be borrowers will have access to credit at all.
The CFPB Unwittingly Puts a Bull’s Eye On Credit Card Users Read More »
Capital One and Discover aren’t merging to dominate the present, rather they’re combining in an effort to discover an always opaque future.
Capital One/Discover Is Crucially About Discovering the Future Read More »
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. Nothing is free. Yet the CFPB wants to bring down the $32 charged for late payments on credit cards to $8. Someone will pay for this. Readers can guess who.
The Incredibly High Cost of Errant Capital Allocations Read More »
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 presidents. Which means Javier Milei is wise to not dollarize.
If Javier Milei Trusts the Markets, He Doesn’t Need to ‘Dollarize’ Read More »
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 specifically U.S. Treasuries.
Bank Capital Requirements Are So Much More Expensive Than the Capital Read More »
